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Letters to the Editor
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Dear
Green Sheet: We
subscribe to The Green Sheet and
we very much enjoy the publication. We want to know where we can find a
resource that lists the top 100 or 150 ISOs/MSPs in the U.S. Does The
Green Sheet, Inc., have this information or could you direct us to a
source that would have it? We would appreciate your response. Thank
you. Sincerely, Todd
Richardson iTransact.com
Inc. Todd: The
information you are seeking was published in the February 2000 GSQ
“Feet
on the Street.” This was an in-depth report on the ISO industry and
listed the top ISOs by revenue. This report details the different ISO
programs and contains the contact information for each of the
organizations. If
you have not received your copy please call (800)757-4441 to request one. Good
Selling! Julie
O’Ryan-Dempsey Managing
Editor Dear
Green Sheet: I
am interested in placing advertisements in the Green Sheet Online
Classified section of www.greensheet.com. I am interested in learning the
cost of this sort of activity. I have read the terms of participation and
am ready to move forward with posting an ad for the sale of my products to
ISOs. Thank
you Dear
Sir/Madam: The
classifieds ads on The Green Sheet Online are free!
These
are maintained for 90 days at no charge to the advertiser. Ads are limited
to the Financial Services Industry. Good
Selling, Julie
O’Ryan-Dempsey Managing
Editor Dear
Mr. Green: In
the article “The Deal on Internet Checking Accounts” by Alex Horvath,
included in a recent publication of your newsletter, The
Green Sheet, the process to open a checking account preventing
“not-so-nice citizens from opening bogus accounts” is being
questioned. In the article Banco Popular was mentioned as one of the banks
where the writer could not get an answer on fraud prevention and he
mentioned that we were very nice enough to say: “It would be very easy
to open the account and could even do it over the telephone.” Yes,
we are very nice to our customers and we try to make it easy for them to
open an account through the Internet or over the telephone. This does not
imply that being easy means not having the adequate procedures to assure
the customer’s identity. To simplify the process for the customer and to
assure that we comply with Know your Customer Policy, we go through a
rigorous identification process that includes verification with
ChexSystems, Equifax, call backs to the customer and the customer’s
employer, among others. At the moment we are opening accounts for Puerto
Rico residents only and presently over 50% of these have at least a
relationship with us, therefore, we know our customers and those we do not
know we make sure we get to know very well before we open a new account. Note:
Please include this letter in your Letters to the Editor section or
include a clarification note regarding our security procedures for
customer identification. Sincerely, Lizzie
Rosso Alternative
Delivery Channels Banco
Popular de Puerto Rico Lizzie: Thanks
for the clarification, and we will be happy to share your comments with
our readers. Good
Selling! Paul
H. Green Dear
Paul H. Green: Greg
Beasley of National Payment Systems suggested I contact you concerning
some information I am looking for. I
am an analyst for the Federal Reserve Bank of Miami and as such am
researching the effects of debit card (POS, POD, check conversion, etc.)
transactions on our check processing volume. Do you have any statistics
that would provide historical (3 to 5 years) information, preferably by
geographical location, on the number of debit card transactions per month?
I’d particularly be interested in seeing how much this volume has
increased over the past 2 to 3 years. If you do not have such information
available, do you know where I could find it? I
would appreciate any assistance you could give me. Debbie
Walker Debbie: I
am sorry to say that I do not have anything that will help you build this
information. I reviewed the material that I do have, and it is not on
point for your research. Good
Selling! Paul
H. Green
Good
Selling! The
Green Sheet
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