The Green Sheet Online Edition

February 2, 2013 • 13:02:01

GS 10 Years Ago

Merchant level salespeople (MLSs) were feeling pressure from many sides and turning their attention toward education, certification and ethics. The industry also was confronting disruptions caused by computer "worms" and hikes in interchange rates.

Time for organizing ISOs

Recognizing they were disadvantaged by inadequate training, economic reward or ability to compete with "the big guys," MLSs scheduled a meeting in Tampa, Fla., to discuss forming an association to advocate for their needs. The task of the organization would be to improve MLS work habits while adding credibility and professionalism to the industry.

Worm finds its way to industry core

A self-replicating computer program (or worm) named SQL Slammer attacked the web networks of businesses around the world, clogging Internet traffic and hindering "hundreds of thousands of computers and ATM machines." The worm disabled more than 13,000 ATMs owned by Bank of America Corp.

Interchange rates hiked

Visa Inc. and MasterCard Worldwide reported they would increase credit and debit card interchange rates effective April 2003. The industry was still recovering from a hike in fees for PIN-based transactions that went into effect in October 2002.

Whether you want to upgrade your POS offerings, find a payment gateway partner, bone up on fintech regs or PCI requirements, find an upcoming trade show, read about faster payments, or discover the latest innovations in merchant acquiring, The Green Sheet is the resource for you. Since 1983, we've helped empower and connect payments professionals, starting with the merchant level salespeople who bring tailored payment acceptance and digital commerce tools, along with a host of other business services to merchants across the globe. The Green Sheet Inc. is also a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals.

Notice to readers: These are archived articles. Contact information, links and other details may be out of date. We regret any inconvenience.

Prev Next