Page 3 - GS131201
P. 3
InsideGS
Cover Story Book Review:
Execute your way to the top .....................................42
Industry builders by association .................................1
What good is knowledge without execution? Why is setting
Forward-thinking industry executives have cooperatively
goals for a 12-month period inherently limiting? And how can
worked to form organizations that, year after year, have given
starting a new year every 12 weeks improve results?
the industry a voice, as well as networking and educational
opportunities. Selling Prepaid
News Are GPR cards cheaper than checking?....................33
NACHA proposes ACH rule changes .........................11 The debate continues over whether GPR prepaid cards are
more affordable than low-balance checking accounts for fi nan-
NACHA–The Electronic Payments Association, which over- cially underserved, low income individuals.
sees the ACH network, issued two complementary proposals
designed to enhance the network. Education
FTC raps processor for boarding scammers .............13 SM
Street Smarts :
Should ISOs and their processing partners be held responsible Letting go of the inevitable no ..................................46
when scam artists use them to process payments that turn out to By Dale S. Laszig , Castles Technology Co. Ltd.
be fraudulent? The FTC says yes.
How can ISOs and MLSs stay buoyant and productive through
TMR says Shark Tank exposure worth it .................14 all the ups and downs of selling merchant services?
Total Merchant Resources LLC appeared on the popular game Your merchants need
show Shark Tank and walked away with $200,000 in capital mobile-friendly websites ...........................................50
and a new celebrity business partner. By Michael Gavin, Merchant Warehouse
SpendTrend numbers bolster Two out of three people would prefer to shop with their tablets
holiday optimism .......................................................16 and mobile devices via shopping apps. Companies that em-
Despite a contrary federal government and a tepid economy, ploy such apps are going to blow away their closest competi-
First Data Corp. reported good news as the holiday shopping tors.
season ramps up in the United States. Virtual currencies and the
Industry Update ..........................................................18 law – a primer for ISOs ..............................................52
By Adam Atlas, Attorney at Law
Views
Over the course of one week in November 2013, the value
of bitcoin against the U.S. dollar increased fi vefold, breaking
Insights from an expert witness ...............................28 $700 per bitcoin. Is it even legal?
By Ken Musante, Eureka Payments LLC
Legal complications are a bane to business owners. And, New Products
though the arbitrators of a dispute (judges, arbitrators and
PayAnywhere 2.0 for Android ..................................54
juries) are outside of our industry, they determine which side is New Online Store .......................................................55
right.
Company Profi les
New study on the Durbin Amendment
claims consumers took it on the chin ........................30 OnDeck Capital Inc.:
By Anne Leisz, Processingfi nder.com Speed funding for merchants ....................................31
Whatever happens next in the interchange wars, it appears Tecmark:
merchants have saved money, banks have recouped their Easy promotions and loyalty
losses and consumers are on the hook for $22 million. programs for merchants ............................................34
Features Inspiration
The Mobile Buzz: Give yourself the gift
of holiday skills ..........................................................57
The $800 million Braintree acquisition
and PayPal's pursuit of the emerging Departments
digital marketplace ....................................................32
Letter From the Editors .................................................... 5
By Patrick Carroll, First Annapolis Consulting Inc.
Readers Speak ................................................................... 8
PayPal's mobile products and services now cater to micro-
merchants, Internet startups, and large retail chains – spanning Resource Guide ............................................................... 58
in-store, online and mobile channels. Advertiser Index ............................................................ 70
3
Cover Story Book Review:
Execute your way to the top .....................................42
Industry builders by association .................................1
What good is knowledge without execution? Why is setting
Forward-thinking industry executives have cooperatively
goals for a 12-month period inherently limiting? And how can
worked to form organizations that, year after year, have given
starting a new year every 12 weeks improve results?
the industry a voice, as well as networking and educational
opportunities. Selling Prepaid
News Are GPR cards cheaper than checking?....................33
NACHA proposes ACH rule changes .........................11 The debate continues over whether GPR prepaid cards are
more affordable than low-balance checking accounts for fi nan-
NACHA–The Electronic Payments Association, which over- cially underserved, low income individuals.
sees the ACH network, issued two complementary proposals
designed to enhance the network. Education
FTC raps processor for boarding scammers .............13 SM
Street Smarts :
Should ISOs and their processing partners be held responsible Letting go of the inevitable no ..................................46
when scam artists use them to process payments that turn out to By Dale S. Laszig , Castles Technology Co. Ltd.
be fraudulent? The FTC says yes.
How can ISOs and MLSs stay buoyant and productive through
TMR says Shark Tank exposure worth it .................14 all the ups and downs of selling merchant services?
Total Merchant Resources LLC appeared on the popular game Your merchants need
show Shark Tank and walked away with $200,000 in capital mobile-friendly websites ...........................................50
and a new celebrity business partner. By Michael Gavin, Merchant Warehouse
SpendTrend numbers bolster Two out of three people would prefer to shop with their tablets
holiday optimism .......................................................16 and mobile devices via shopping apps. Companies that em-
Despite a contrary federal government and a tepid economy, ploy such apps are going to blow away their closest competi-
First Data Corp. reported good news as the holiday shopping tors.
season ramps up in the United States. Virtual currencies and the
Industry Update ..........................................................18 law – a primer for ISOs ..............................................52
By Adam Atlas, Attorney at Law
Views
Over the course of one week in November 2013, the value
of bitcoin against the U.S. dollar increased fi vefold, breaking
Insights from an expert witness ...............................28 $700 per bitcoin. Is it even legal?
By Ken Musante, Eureka Payments LLC
Legal complications are a bane to business owners. And, New Products
though the arbitrators of a dispute (judges, arbitrators and
PayAnywhere 2.0 for Android ..................................54
juries) are outside of our industry, they determine which side is New Online Store .......................................................55
right.
Company Profi les
New study on the Durbin Amendment
claims consumers took it on the chin ........................30 OnDeck Capital Inc.:
By Anne Leisz, Processingfi nder.com Speed funding for merchants ....................................31
Whatever happens next in the interchange wars, it appears Tecmark:
merchants have saved money, banks have recouped their Easy promotions and loyalty
losses and consumers are on the hook for $22 million. programs for merchants ............................................34
Features Inspiration
The Mobile Buzz: Give yourself the gift
of holiday skills ..........................................................57
The $800 million Braintree acquisition
and PayPal's pursuit of the emerging Departments
digital marketplace ....................................................32
Letter From the Editors .................................................... 5
By Patrick Carroll, First Annapolis Consulting Inc.
Readers Speak ................................................................... 8
PayPal's mobile products and services now cater to micro-
merchants, Internet startups, and large retail chains – spanning Resource Guide ............................................................... 58
in-store, online and mobile channels. Advertiser Index ............................................................ 70
3
