In Memoriam

It is with great sadness that The Green Sheet Inc. reports the recent loss of two payments industry professionals.

John Marshall passed away suddenly on Jan. 28, 2007, at the age of 60. An industry veteran, John worked at Hypercom Corp. from 1987 to 2001, where he served as Vice President of Sales. After leaving Hypercom, he became President of Blackstone's Prepaid Systems group. In 2002, he joined Vital Processing Services as Executive Vice President for Sales and Client Relations.

In the mid-1980s, John started in an advisory capacity with Lexcel Solutions and joined the company in 2004 as Executive Vice President of Business Development. He left in January 2006 and continued as an integral member of Lexcel's advisory board. He most recently served as an independent distributor for Milwaukee-based iStream Imaging. John's family has requested that memorial donations be made to Horse Rescue of North Scottsdale, Cave Creek, Ariz., at www.rescueahorse.com.

Donald N. Phelps, Vice President, Manager, Database and Support Services for the Western Payments Alliance (WesPay), passed away on Jan. 22, 2007, as a result of an unexpected illness.

Under Don's leadership, WesPay implemented technology and processes enabling timely delivery of critical information to members, such as automated clearing house rule changes and fraud bulletins, according to Peter Yeatrakas, WesPay's President and Chief Executive Officer.

Having worked in the fraud prevention industry prior to joining WesPay, Don was passionate about protecting the elderly from the dangers of financial fraud. He instituted a partnership between WesPay and the Elder Financial Protection Network (EFPN) to make fraud prevention training materials available to WesPay's members. He also served on the EFPN's board of directors.

Don's family has suggested that memorial contributions be made to the EFPN. For more information, visit www.bewiseonline.org.

All of us at The Green Sheet extend our heartfelt condolences to the Marshall and Phelps families during this difficult time.

Merchant portfolio liability insurance?

I am a subscriber to The Green Sheet and appreciate your articles very much. As a registered ISO with liability exposure, we are searching for some reasonably priced insurance for merchant portfolio liability. So far all roads lead to Lloyds of London and ... absurd rates. Do you know of any firms that specialize in this type of insurance and have affordable rates?

Thanks,
Bill Hoidas
Matrix Payment Systems

Bill,

I do not know of any company offering such a product. However, try contacting Tom Mulligan of C.L. Frates & Co., which offers a chargeback insurance policy. He may be able to refer you to the company you seek. Call him at 405-290-5609 or e-mail him at tmulligan@clfrates.com.

Editor

A simple thank-you

I ... would like to thank you for all your hard work you have done over my career as a sub ISO for Infinity Data Corp. The Green Sheet over the last six-and-a-half years has been extremely helpful.

John R. Thorpe
President and founder
Infinity Payment Systems

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