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Letters to the Editor
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Hi: Yesterday
I sent you an e-mail regarding National City Check and how I might get in
touch with them. I found their name in your article dated 96:01:02 under
“the prior issues” search. The title of the article was “National
City Check Using Credit Information to Authorize Checks.” However,
you did not list contact information, which is what I am looking for. Do
you know their phone number? (a.k.a. National City Processing Company). Regards,
Mel Livengood Dear
Mel, National
City Processing Company is also known as NPC, or National Processing
Company. In early 1999 NPC sold their check services to International
Payment Services. Following
are some recent
Green Sheet articles
that may help: 99:03:01
“NPC Check Services for Sale” 99:05:02
“NPC Check Services” 99:10:02
“Buyback” 99:12:02
“The New NPC” NPC
can be found online. NPC
is located at 1231 Durrett Lane, Louisville, KY 40213. They can be reached
by calling (800) 672-1964 or e-mailing. Good
Selling!, Suzanne Luse, Asst. Editor To
The Green Sheet: It
should be noted that one of your advertisers (Merchant Bankcard Network)
turned out to be another ISO with only one thing in mind.... lining their
pockets on the backs of the street people and take off. This
ISO said nothing about closing up but then sells his portfolio, changes
his phone numbers, and takes off leaving us all in the hole. Our
merchants are PO’d and the salespeople got stuck with worthless buyouts,
phones aren’t answered, and customers are now looking at the sales reps
to make good. Check
your principles before you allow them to advertise. In many cases you will
find they’ve done this before, as we found out too late. Anonymous
Dear
Anonymous: The
Green Sheet
advertising is paid advertising. The
Green Sheet
does not recommend or endorse any product or service. As we have written,
ISOs must do their homework before signing any contract. Good
Selling, Julie O’Ryan-Dempsey, Managing Editor Dear
Green Sheet: I
am trying to access the section of your Web site “Knowledge is Power”
unsuccessfully. Do I need to subscribe to The
Green Sheet in order to receive a password and login name? Regards, Rick Eby Rick: Yes,
this section is for our subscribers. If you are a subscriber, you can get
your password by calling (800) 757-4441. If your are not a subscriber, the
information about how to subscribe is on the Web site. Good Selling! Paul H. Green To
The Green Sheet: Thank
you so much for the information that you provide to us each month in The
Green Sheet. I look forward to each issue. My
name is Beth Harrison and I am in the Financial Services industry. I have
recently been made aware of a new product, Electronic Online Checks. Do
you have anything to report regarding this new form of electronic
processing? What I have read indicates that the market will be huge
because of the population that cannot, or will not, use credit cards.
Statistics vary, but somewhere between 40 to 50% of the population cannot
purchase merchandise over the Internet. What
do you know? Thank
you, Beth
Harrison Dear
Beth: CrossCheck
has a solution called ChecksByNet. They also have CheckNow for phone and
fax orders. (Some recent articles on this product are in issues 99:04:01
and 00:01:02). Regarding
the percentage of the population that has each payment method, our book Checks
at the End of the 20th Century. . . and Beyond!
has data from a 1999 survey conducted by Opinion Research Corp. (The book
is available by calling 800-757-4441 or logging on to Amazon.com.) That
survey found the following: 88%
of the population have a checking account 76%
of the population have a credit card 61%
of the population have an ATM card 42%
of the population have a debit card 6%
of the population have none of the above As
far as check use, according to Chain
Store Age
84% of consumers expect their check use to stay the same or increase. What
part of the country are you in? I believe The Green Sheet seminars,
especially the presentation on check services, will answer many questions
for you. The last two are in New York on June 9 and Los Angeles on July 7. Good
Selling!,
Good
Selling! The
Green Sheet
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