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Table of Contents

Lead Story

Unbanked, underbanked - untapped

News

Industry Update

HR 5546, the downside

Uncle Sam to get slice of payments pie

Private equity giant going public

MWAA meeting goes the distance

PCI on the menu

Scott Henry
VeriFone

Three-step systemization

Biff Matthews
CardWare International

Features

The consulting guru that could

Industry Leader

Linda Perry –
Unfettered spirit, extraordinary success

Views

PCI on the menu

Scott Henry
VeriFone

Three-step systemization

Biff Matthews
CardWare International

Education

Street SmartsSM:
To Capitol Hill we go

Jason Felts
Advanced Merchant Services

Becoming registered

Adam Atlas
Attorney at Law

Check processing diversification: Hop aboard

Christian Murray
Global eTelecom Inc.

Invest in trust

Jeff Fortney
Clearent LLC

Web site optimization: A route to talent

Curt Hensley
CSH Consulting

Lead with communication

Daniel Wadleigh
Marketing Consultant

Company Profile

GreenSoft Solutions Inc.

New Products

Keep alert with merchant accounts

MercuryAlerts
Mercury Payment Systems LLC

Turbo charge PCI compliance

TurboPCI
TurboPCI Inc.

Inspiration

For better or worse

Miscellaneous

POScript

Departments

Forum

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

August 11, 2008  •  Issue 08:08:01

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Forum

A quest for action

Will the The Green Sheet be addressing articles like "Hidden credit card fees are costing you: New legislation may mean an end to interchange fees, which cost the average family more than $400 a year," posted July 31, 2008, on CNNMoney.com? And will The Green Sheet address what the National Retail Federation is successfully accomplishing in terms of government involvement for lower interchange? Just curious to see what you think about the issue and how it will affect ISOs and merchant level salespeople (MLSs).

Isaac Lay
Cyndigo

Isaac,

Thank you for your most timely question. As an educational and motivational resource for the payments industry, The Green Sheet helps ISOs and MLSs to be informed about the industry's structure and operations, new developments in technology and best business practices, and emerging issues of concern, including legislation that could adversely affect the feet on the street.

To that end, we have published a number of breaking news stories and educational articles devoted to these matters. In this issue alone, we are publishing two news stories addressing legislative issues, "HR 5546, the downside" and "Uncle Sam to get slice of payments pie." The first pertains to interchange and discusses the U.S. House of Representatives Judiciary Committee's recent passage of HR 5546, the Credit Card Fair Fee Act. The second discusses the payments data reporting provision attached to the American Housing Rescue and Foreclosure Prevention Act of 2008, which was signed into law July 29. Also in this issue, Street SmartsSM author, Jason Felts, has devoted his entire column to these two pieces of legislation and included perspectives provided by members of GS Online's MLS Forum.

It would probably take an entire issue of The Green Sheet to publish all of the Forum members' views, which is not feasible. However, to get a sense of your peers' approaches to the issues at hand, click on the Forums link from our home page, and jump into the discussion. Some of the articles we've published earlier in 2008 include:

In addition, we devoted an entire in-depth, quarterly to legislative issues: "2008 legislation update: What side of the law are you on?" GSQ, April 2008, a supplement to The Green Sheet issue 08:04:02. Drawing on primary research and the analyses of industry experts, the issue lists recently enacted and pending state and federal initiatives, with contact information for the legislative bodies concerned.

It also provides informed perspectives about what this slew of legislation means for acquiring businesses and their clients. This should give you a good idea of what we are doing in terms of helping to keep the payments sphere informed and engaged when it comes to matters that affect us all.

Our work complements the efforts of industry organizations, such as the Electronic Transactions Association, other trade groups and regional associations. We encourage you to get involved in such groups, so that you can help determine the substance and nature of any bills affecting the payments sphere.

Editor

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

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