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The Green Sheet Online Edition

February 27, 2023 • Issue 23:02:02

Letter from the editor

When it comes to developments in Washington, D.C. that affect our sphere, we often turn to Senior Editor Patti Murphy, who has spent more than 40 years reporting on the legislative and regulatory landscape for financial institutions and financial technologies. With several legislative efforts underway that would, if enacted into law, affect many of our readers in the near future, she looked into the legislative and regulatory outlook for fintech and payments in 2023. And it turns out sponsors of several such bills will seek a path to enactment during the 118th Congress.

Legislation isn't the only thing shaping our industry. The card brand rules, while necessary, sometimes need updates or revisions. One of our contributors makes the case for revamping chargeback procedures to help honest card-present merchants who are being hammered by so-called friendly fraud. Of course, there is the occasional merchant who is not worth the time and effort it takes to maintain their account, and another contributor provides guidance on how and when to gracefully exit those kinds of relationships. Other industry experts share insights on how to master the pros and cons of Stripe and Adyen and learn to monetize relationships with merchants who pick them; the swiftly evolving consumer behaviors when it comes to credit; and the vital role sales associates play in the commerce value chain and why it's time to appreciate them.

News stories we've posted recently include a report on whether federal regulation of buy now, pay later (BNPL) plans looms; how U.S. financial leaders are now exploring approaches to banking-as-a-service, which is already popular in Europe; research indicating America's love affair with gift cards continues unabated; a warning from experts that 2023 will bring even more fraud perpetrated by criminals who now have AI at their disposal; and FIS' plans to spin off Worldpay (which it purchased in 2018 for a reported $43 billion) within the next 12 months.

We've included our customary briefs on major milestones in our sphere, as well as company and product profiles likely to be of professional interest to you. If you're curious about a new development in the industry, have a question about an issue that arose in the course of your business day, or have a neglected topic you want us to explore, email us atgreensheet@greensheet.com. And to share your latest news, send a press release to press@greensheet.com. end of article

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