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Letter from the editor

n an effort to protect consumers and financial
institutions from what they see as a disruptive,
unconstitutional law, several leading financial
I organizations filed a joint complaint in the U.S.
District Court for the Northern District of Illinois
against the Illinois Interchange Fee Prohibition Act.
Howdy
Signed into law on June 7 of this year, the legislation Howdy
prohibits banks, payment networks, and other entities
from charging or receiving interchange fees on the por-
Y’all!
tion of debit or credit card transactions that are attrib- Y’all!
utable to tax or gratuity.
The main points of the complaint are highlighted in
this issue's lead article, which also features perspec-
tives of members of The Green Sheet Advisory Board
on the potential impacts of the Illinois law. One thing
is generally agreed: the outcome of the lawsuit could
have far-reaching implications for how interchange
fees are regulated in the United States and may set a
precedent for future state-level legislation.

It is also generally agreed that money spent to have a I’m working hard to help you increase
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payments attorney review a processing agreement is
your bottom line today!
money well spent. And one expert contributor to this y o ur b o t t o m line t o d a y!
issue explains exactly how important this is for pro-
tecting your residuals. Other contributors delve into
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the crucial role cash still plays in our economy by of- No Bull
fering advantages like resilience, accessibility and se-
curity that digital methods can always provide; why
in-app payments are the new normal, whether it's or- Customized advertising campaigns
dering food from an app or paying with a smartwatch to fit any size company and budget.
at a self-checkout; and open banking's upcoming shift
in the United States, thanks to a new regulation that • Spotlight Innovators’ Pages
will require financial institutions to share customer
data upon request. (frequently updated content)
In addition to profiles and updates on recent indus- • Print (various size options)
try milestones, we've highlighted several recent news • Resource Guide listing
stories posted on www.greensheet.com. These include
coverage of Visa's successful prevention of 80 million (print/online/front page options)
fraudulent transactions valued at $40 billion globally • Email Blasts (to GS readership)
in the past year; the CFPB's accusations against pay-
ment processors for charging high transaction fees on • Online (website/twice monthly magazine)
parents who pre-fund their children's school lunches;
a recent study by Discover Financial Services’ PULSE • Video
debit network that shows a significant increase in the • Bundle advertisng campaign discounts*
use of debit cards among Americans; Senator Richard
Blumenthal's urging the CFPB to investigate Zelle and
the dispute resolution practices of Early Warning Ser- Rick Aston
vices, which operates Zelle.
Senior Media Partnership Specialist
To share your feedback with us, please email green-
707-284-1693
sheet@greensheet.com. And to help us help you spread 707-284-1693
news of your business milestones, send a press release
to press@greensheet.com.
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