The Green Sheet Online Edition
April 14, 2008 • Issue 08:04:01
I was recently going through some of the archived Green Sheet reports and came upon one that I found very interesting. It was titled "Interchange Untangled" and originally appeared in the June 9, 2003, issue. It gave a breakdown of all the different interchange categories for both Visa and MasterCard and explained each one of them.
I am doing some research on this topic and found this very helpful. However, I was wondering if you have put together any more recent versions of this article that would contain updated information. I would be very interested in learning more about this. I noticed that someone named Julie originally put together this article, but it doesn't look like she is still on your staff, based on your Web site.
Thanks for all your information, and I appreciate your help in this matter.
Erik Himan, Senior Consultant
We appreciate your turning to The Green Sheet for information on bankcard processing, specifically interchange fees established by MasterCard Worldwide and Visa Inc. We have not updated "Interchange Untangled" since publishing it in a nine-part series that appeared in the following issues of The Green Sheet:
June 9, 2003, issue 03:06:01
Oct. 27, 2003, issue 03:10:02
Nov. 10, 2003, issue 03:11:01
Nov. 24, 2003, issue 03:11:02
Dec. 8, 2003, issue 03:12:01
Jan. 12, 2004, issue 04:01:01
Jan. 26, 2004, issue 04:01:02
Feb. 9, 2004, issue 04:02:01
However, we did devote our quarterly magazine, GSQ, Vol. 9, No. 1, to the topic. It was published in March 2006 and is entitled "The interchange road map." A PDF of the magazine is available online.
We also cover the topic frequently in features, opinion pieces and educational articles in The Green Sheet. If you go to our home page at www.greensheet.com and enter "interchange" in our FastFinder search engine located just under our logo, you will find numerous articles that touch upon interchange in various ways. A few that might address your specific needs are:
- "Merchant account fees demystified" by Jason Felts, The Green Sheet, Sept. 24, 2007, issue 07:09:02;
- "Mastering the interchange game" by Ken Musante, The Green Sheet, Oct. 8, 2007, issue 07:10:01
- "Interchange for dummies," by Steven Feldshuh, The Green Sheet, Oct. 8, 2007, issue 07:10:01. (In our March 10, 2008, issue (08:03:01) we printed feedback from Nicole Edwards, President of Value Payment Solutions LLC that improves upon the "Interchange for dummies" article.)
That said, updating "Interchange Untangled" is an excellent idea; we will keep it under consideration. Also, you are correct; we currently have no one on staff named Julie and regret that some e-mail addresses linked to our articles are out of date. Thank you for bringing this to our attention.
Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.