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Letters to the Editor |
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Paul
(and staff): Thanks
for the great job you do with The
Green Sheet. We really appreciate getting it. We
recently contacted the ETA about the show in Chicago and, to our dismay,
learned it’s $750 for the first attendee! Then $700 for the second!
That’s a lot of money just to walk in the door, and not including hotel
costs. And being a member of ETA costs big money and only yields a
marginal discount on the meeting fee. Do
you know of any breaks for first-timers? Is this thing really worth it?
That $2000 could sure be used elsewhere to grow our firm. Thanks!
Keep up the good work! Robert
Mohon Robert: The
Green Sheet, Inc., offers the Wyatt Baxter Memorial Scholarship as a way
to help new ISOs attend the ETA Meetings. This one-time scholarship will
cover registration costs to an ETA meeting for you and one additional
sales rep. Please
send a fax to The Green Sheet at (707) 586-1738 with your name, business
name, address, phone number, and fax number. Give us the names of who will
be attending the ETA meeting. We will send you a check to reimburse your
registration cost. If
you have any questions please call The Green Sheet at (800) 757-4441. Good
Selling! Julie
O’Ryan-Dempsey Managing
Editor
To
The Green Sheet: Who
are the Top 15 credit cards
processors? Dear
Reader: Our
November 1999 GSQ “Turning Another Page on Merchant
Acquiring Services”
will have all of the information you need. To receive a complimentary copy
of this report, please fax your request to The Green Sheet at (707)
586-1738. Please be sure to include your name and mailing address. Good
Selling, Julie
O’Ryan-Dempsey Managing
Editor Green
Sheet: Please
help advise me on a situation: One
of our merchants has an Internet site. They want to offer an additional
site to people in England and have them pay in British pounds. We do not
have an international payment option for our merchants and do not
necessarily want to send them to an American bank that can process
overseas (we do not want to lose the account), but we want to offer an
alternative to this merchant. Do you know of a British bank or processing
alternative for this Web site? I appreciate your time in responding to
this question. Darrell
J. Peppers The
Bart Group Darrell: I
am sorry that I do not, but we will ask our readers. Good
Selling! Paul
H. Green
Hi: I
am looking for information on MICR and check printing requirements
internationally. Can you refer me to a resource that will list what MICR
type is required by which countries around the world? Do you know where I
can learn about other check specs internationally? Looking
forward to hearing back from you. Thanks, in advance, for the time and
assistance. Michele
Fee Smith Prelude
Software Inc. Dear
Michele: The
American Bankers Association selected the E-13B MICR font and the MICR
system as the technology for high-speed check processing in the 1950s.
Today the American National Standards Institute (ANSI) determines check
standards. The standards and guidelines are available from the American
Bankers Association by writing or calling: American
Bankers Association Standards
Department 1120
Connecticut Avenue, NW Washington,
DC 20036 (800)
338-0626 (202)
663-5087 The
key standards that address check documents include ANSI X9.7:
Specifications for Bank Check Background and Convenience Amount Field. ANSI X9.13:
Specifications for Placement and Location of MICR Printing. ANSI X9.18:
Paper Specifications for Checks. ANSI: X9.27: Print
and Test Specifications for Magnetic Ink Character Recognition (MICR). You
may be able to purchase the information from NSSN:
A National Resource for Global Standards (http://www.nssn.org/).
Good
Selling! Suzanne
Luse, Asst. Editor To
The Green Sheet: I
would like to become a registered ISO, and have the ability to offer other
businesses credit card merchant services. Where do I begin? What do I need
to do? Thank
you. Dear
Reader: Please
visit our FAQs at www.greensheet.com. We have answered most of the
pertinent questions on getting started as an ISO on this page. Good
Selling, Julie
O’Ryan-Dempsey, Managing Editor To
The Green Sheet: This
site is incredible! It will become an invaluable tool in my transaction
process. Thank you. Dear
Green Sheet: I
am looking for statistics on the industry average for collection agencies.
I am a new supervisor for our collection agency area and would like to
find where our various vendors stand on their collection percentage to
help me understand how to properly evaluate their job performance. Any
assistance you can provide me will be greatly appreciated. Helena
Food
Lion, Inc. Dear
Helena, Thank
you for your e-mail and request for information about collection rates.
The number I am getting for collection of checks at grocery stores hovers
around 45% to 50%. Have
you tried the American Collectors Association (http://www.collector.com/)
and Collections
and Credit Risk magazine (http://ccr.faulknergray.com/)? They might be
able to provide you with more specific data. Sincerely, Suzanne
Luse Asst.
Editor Dear
Green Sheet: 1st
Merchant Services is a new MSP that is just getting started. Currently we
are looking for a phone card company that we can use to expand our product
base. Would you know of any phone card companies? Your assistance is
appreciated. George
Beckerich 1st
Merchant Services LLC Dear
George: We
have published a number of articles on phone card services. Articles that
may be of help to you are in issues 97:08:02 and 98:06:02. Those articles
are about Blackstone Calling Card, www.blackstonecallingcard.com/new/index.html,
(888) 639-9590 and Zenex Communications, www.zenex.com, (800) 890-2990. I
would also suggest placing a post on our free classified ads as well as
our ISO forum. You can access both of those areas of our Web site from the
left column of the home page at http://www.greensheet.com. Please
keep in mind that The Green Sheet, Inc., does not endorse any particular
product or service. Sincerely, Suzanne
Luse
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