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Table of Contents

Lead Story

Delivering more than payments amid disaster

Dale S. Laszig

News

Industry Update

News Briefs

Views

CFPB back-peddles on prepaid rule

Patti Murphy
ProScribes Inc.

Don't let acquisitions catch you off guard

Jeff Fortney
Clearent LLC

Education

Street SmartsSM:
What surveys reveal

Steven Feldshuh
Merchants' Choice Payment Solutions East

Good talent is still hard to find

Jeff Brodsly
Chosen Payments

2018 fraud-budget planning

Suresh Dakshina
Chargeback Gurus

Company Profile

Unified Payments

New Products

End-to-end support under one roof

End-to-end Support Services
Total Support Services

Inspiration

Gatekeepers, your new best friends

Departments

Letter from the editors

Readers Speak

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

January 08, 2018  •  Issue 18:01:01

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Readers Speak

Operation Choke Point gone for good?

Is Operation Choke Point really, truly officially dead? I work with a couple of high-risk businesses, not my specialty by a long shot. They are perfectly legitimate but getting processing relationships for them was a bear. Banks didn't want to go near them was the word I got. This was a couple years back. I'm hoping things will be smoother in the future when (if?) I try to board similar merchants. I've actually been avoiding them. Are we really going to be safe from government overreach?

Turner Greene, Merchant Level Salesperson

Turner,

The end of Operation Choke Point (OCP) was conveyed in an Aug. 16, 2017, letter from U.S. Assistant Attorney General Stephen E. Boyd to House Judiciary Chair Bob Goodlatte, so you are correct: the anti-crime initiative that put extreme (some called it draconian) pressure on banks and payment processors to deny services to select high-risk, cash-dependent businesses is gone. OCP assumed those business categories were prone to illegal activities and posed reputational risks to banks.

"Ordinarily speaking, law enforcement moves from the specific to the general," Boyd wrote in the August 2017 letter. "A bad actor is identified and then gradually the net widens to capture co-conspirators or a larger criminal enterprise. OCP started by presuming a whole industry guilty until individual merchants prove their innocence."

That presumption rankled people on both sides of the aisle. However, it's impossible to predict what shifts in policy will occur as leaders with contrasting views come and go in Washington. The good news is that reputable companies exist that are highly skilled in working with high-risk merchants, helping them navigate whatever the current challenges are. To learn more about overcoming the challenges high-risk merchants pose, access our archives via the Search function at www.greensheet.com. You'll find informative articles on this topic written by industry experts.

What's your plan for 2018?

Do you have new strategies or initiatives for 2018? Are you making big changes or basically tweaking what you already have?

Let us know at greensheet@greensheet.com, and please keep sending your press releases to press@greensheet.com.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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