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The Green SheetGreen Sheet

The Green Sheet Online Edition

July 10, 2023 • Issue 23:07:01

Letter from the editor

The 40th anniversary of The Green Sheet Inc. is coming up this October, and to celebrate our decades of service to the dynamic payments industry, we will be publishing a series of articles that will provide retrospectives that dig into various aspects of our multifaceted industry. Some retrospectives will be lead articles; others may be found in Inspiration, Readers Speak or other sections of the magazine.

The inaugural article in our retrospective surveys the industry's origins from BankAmericard to the rise of Visa and Mastercard to interchange disputes and oversight efforts. Those who were there during the industry's early days will be reminded of the long-forgotten Zon Jr. and knuckle busters of yore. Those new to the industry will see just how far we've come.

Contributing writers have long been an essential part of The Green Sheet family, consistently providing insights and information that only insiders can convey. In this issue experts discuss how understanding third party registration rules helps acquirers position all stakeholders to minimize costs, liability and compliance headaches; success in business is often attributed to hard work and business politics, but more is going on under the surface—like body language, which can have a huge impact on your career; the role of payments in the automotive industry, which brings together the latest technology and effective convenience for drivers and passengers; implications of the FTC's approval of a final consent order resolving allegations in its complaint against Mastercard; and the need for large enterprises to understand the challenges of adopting payment capabilities so they can provide a seamless payment experience.

Recent news stories highlighted herein include ATM manufacturer Diebold Nixdorf's filing for Chapter 11 bankruptcy protection after reaching an agreement with key financial stakeholders on debt restructuring; a study commissioned by Discover that indicates the fintech sector is well-positioned for continued growth; momentum building in Washington for the Credit Card Competition Act of 2023, which is basically a rehash of legislation introduced in the last Congress by Senator Richard Durbin, D-Ill.; and the Senate Banking Committee's conviction that companies behind two leading P2P payment apps should do more to protect users from fraud.

You'll also find compelling product and company profiles and updates on recent industry milestones. If you have news to share, please send a press release to press@greensheet.com. If you want to share recollections for our retrospective celebration, please email greensheet@greensheet.com.. end of article

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.

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

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