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Transaction Trends Online |
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In the May Issue of Transaction Trends: 
- Navigating a New Economic Landscape
- Building a Compliance Safety Net
- Pro & Con: Alternative Payments
- And much more...
Visit the Transaction Trends Web Site
Advertise in Transaction Trends Need to reach the most powerful audience in the acquiring industry? Download our media kit and get started right away!
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In The Spotlight |
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Networking Center Is Live! |
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Now that the 2008 Annual Meeting & Expo is history, you can continue your networking through the new Online Networking Center. Find people you met at the meeting & connect with them again online! |
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Featured Stories
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Visa to Make Operating Regs Public |
Visa Inc. has announced that it will for the first time make its Visa International and Regional Operating Regulations available publicly, effective May 15, 2008.
According to Visa, the Operating Regulations will be available on Visa's corporate website at http://www.corporate.visa.com. The public version of the rules will not include proprietary and competitive information, or certain details from the rules relating to the security of the network.
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Read more...
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NACHA Launches Secure Vault Payments |
NACHA announced today that Secure Vault Payments is now a live alternative payment option. The Automated Clearing House (ACH)-based Internet payments network allows onsumers to conduct e-commerce and bill payment transactions without sharing personal account information.
Columbus Bank and Trust Company, a Synovus bank, was the sponsoring and authorizing bank for the first live transactions originated through consumer purchases at igourmet.com, a leading online retailer.
NACHA claims Secure Vault Payments is the only alternative payment option that operates on existing financial institution platforms, provides businesses with real time payment authorization, and offers consumers an online payment choice without sharing any personal account information.
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B2B Debit Hasn't Caught On |
A study commissioned by Pulse, the EFT network owned by Discover, says that while plenty of financial institutions are offering debit cards to business customers, companies have so far largely shunned B2B debit.
Nearly three-quarters of major banks surveyed provide business debit cards, the study found, but B2b transactions represent just six percent of all debit card use. A spokesman for Oliver Wyman, the consulting firm that conducted the study, says that while use is low, business debit transactions tend to involve larger ticket amounts and larger interchange charges.
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Federal Agencies Aim to Tighten Card Regulations |
Federal regulators have unveiled a proposed rule that would prohibit what officials consider "unfair" or "deceptive" credit and debit card practices. The agencies, the Office of Thrift Supervision and the National Credit Union Administration, backed by the Federal Reserve, expect to publish the proposed rule in the Federal Register next week.
Federal Reserve Chairman Ben S. Bernanke said the agency's effort to regulate the credit card industry by requiring better disclosure forms has fallen short and that certain practices have to be banned to protect consumers.
"Based on our review of consumers' response to the Board's recent regulatory initiative, it seems clear that improved disclosures alone cannot solve all of the problems consumers face in trying to manage their credit card accounts," he said.
If the proposed rules are instituted, they would constitute the most significant crackdown on the credit card industry in decades. The rules would, among other things, specify when card issuers can increase interest rates on existing balances, ban finance charges on balances that have been repaid, and prohibit late fees on customers who were not given a reasonable amount of time to pay.
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Keeping Up With ETA |
Committee Application Deadline Is Now May 12
If you would like to be considered for membership on one of ETA's standing committees, now is the time to put your hat in the ring. The deadline for applications has been extended to May 12, 2008.
Committee applications for the 2008-2009 program year were distributed in the ETA packet at the Annual Meeting and by email. To be considered for a committee position, you must return the application by May 12, 2008.
For a committee application, click here.
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ETA Members Only |
Login here to access your member information, membership status and member-only content.
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Upcoming Events |
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Strategic Leadership &
Networking Forum
October 21-23, 2008
Chicago, IL 2009 ETA Annual
Meeting & Expo
April 21-23, 2009 Las Vegas, NV |
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Tel: 202.828.2635