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Letter from the editor

elcome to the July 22, 2024 issue of The
Green Sheet, where our lead article dives
into the increasingly litigious nature of
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W the payments industry. Recent judicial Howdy
actions highlight the ongoing turmoil. A federal judge
rejected a proposed settlement that sought to end the
Y’all!
decades-long feud between the card brands and mer- Y’all!
chants regarding interchange and related issues. And
the U.S. Supreme Court sided with a merchant who
challenged the debit card interchange cap imposed by
the Fed in accordance with the Durbin Amendment
to the 2010 Dodd-Frank Act. The merchant plaintiff, a
North Dakota truck stop, didn't even open for business
until after the presumed statute of limitations on such
legal challenges had run its course.
In addition to exploring the ramifications of these legal
battles, this issue features insights from contributors
into several topics of interest such as one man's positive I’m working hard to help you increase
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impact on the industry and what kind of legacy each of
your bottom line today!
us might want to leave; the fact that the customary line y o ur b o t t o m line t o d a y!
drawn between independent contractor and employee
can be quite different from the legal line, and why it's
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ull
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important to know what the legal line is; a reminder No Bull
that now is the time to help merchants plan their mar-
keting for back-to-school, Halloween and the winter
holidays; and why it's time for financial institutions to Customized advertising campaigns
stop thinking of crypto as a prime example of risk that to fit any size company and budget.
obliterates potential rewards.
• Spotlight Innovators’ Pages
We've also highlighted a selection of recent news sto-
ries. A group of lawmakers, led by Senator Ted Budd, (frequently updated content)
R-N.C., are aiming to halt the Federal Reserve's propos-
al to lower debit card interchange fees. Called the Se- • Print (various size options)
cure Payments Act, it would require the Fed to conduct • Resource Guide listing
a full impact study before proceeding. Electronic Pay-
ments Inc. introduced the POS Bill of Rights created to (print/online/front page options)
enhance merchant experiences by emphasizing trans- • Email Blasts (to GS readership)
parency, trust, and satisfaction. Two other stories ex-
cerpted herein dig into aspects of the recent judicial ac- • Online (website/twice monthly magazine)
tions explored in our lead article. You'll find these full
stories, along with other breaking industry news and • Video
Q&As with industry leaders, under Breaking News on • Bundle advertisng campaign discounts*
our homepage.
We've also included updates on industry appoint- Rick Aston
ments, acquisitions, partnerships, research, awards
and other milestones, along with profiles and other Senior Media Partnership Specialist
resources. We're here to keep you informed in these
707-284-1693
dynamic times for our industry. Please send your 707-284-1693
news to press@greensheet.com and your comments to
greensheet@greensheet.com. And enjoy your reading.
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