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Letter from the editor

s children return to
school, retailers mark
down sand toys and
A jet skis, and restaura-
teurs create recipes for a change
of season, we continue to follow all things payments
with an eye for providing essential information and
resources to empower payments professionals work-
ing in our dynamic industry. We've been at it for a
long time—40 years in October. And, as mentioned
in this letter previously, we've begun including retro-
spective articles in each issue to celebrate our upcom-
ing anniversary.
This issue's lead article gives the life of a transaction
a retrospective frame, providing insights and infor-
mation on what has occurred historically and what a
transaction's life may look like in the future. There is
quite a bit to explore when it comes to a transaction's
lifecycle, so we'll continue to delve into this fascinat-
ing topic going forward.

Another article in our retrospective series—penned
by Adam Atlas, author of the Legal ease column—pro-
vides pithy stories and lessons learned during his 20
years (!) of writing for us. A special thanks to Adam
for his reliably spot-on words. We also want to ap-
preciate the other contributors to this issue who have
shared knowledge on such topics as how to make a
great first impression, ways in which AI may influ-
ence open banking, three of five things every profes-
sional payments agent should have, and what were
considered in 2015 to be new payment rails, extended
transaction lifecycles and advanced transaction rout-
ing.

We've covered a range of current developments in
News Briefs, which highlight a selection of recent sto-
ries published on www.greensheet.com. These include
the Accredited Standards Committee X9 Inc.'s release
of the revised X9.69 key management framework; Il-
linois Senator Richard Durbin's push, with bipartisan
support, of the Credit Card Competition Act, demand-
ing merchants have a choice of credit card processing
networks; the Financial Stability Board's proposal for
a global regulatory framework for crypto-asset man-
agement; a recent U.S. Court of Appeals ruling that a
lawsuit brought in 2011 by the National ATM Council
Inc. against Visa and Mastercard can go forward; and
the release of the 2023 Inc. 5000 list, which features
multiple payments industry companies.

Also for you are new product and company pro-
files and updates of interest on milestones achieved
within our sphere. To showcase your latest company
news, please send a press release to press@greensheet.
com, and for comments and questions, please email
greensheet@greensheet.com.

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