Transcription
NewsSeptember 10, 2007 Issue 07:09:01Industry Update . 14Discover dumps RAP, easi fornew program . 52Nothing beats thefeet-on-the-street life . 54Smart Card Alliance conference:What's in store? . 56NAOPP teleforum packspotent educational punch . 56GS Travel Advice:A great place to visit . 58FeaturesCheck 21 to fuel ATM replacementsBy Tracy Kitten, EditorATMmarketplace.com. 24AgenTalkSM: Heather MarshA hands-on MLS phenom . 28AdvanceMe patentruling opens merchantfunding floodgatesOn Aug. 14, the U.S. District Court, Eastern District of Texas ruled againstAdvanceMe Inc., a provider of merchant cash advances, in a patentinfringement suit. AdvanceMe filed the suit against Business CapitalCorp., First Funds LLC, Merchant Money Tree Inc., RapidPay LLC,Reach Financial LLC and Fast Transact Inc. (doing business as Simple Cash).The defendants were accused of direct or indirect infringement of U.S. Patent No.6,941,281, which relates to a computerized method for securing debt using futurecredit card receivables.The court found that the defendants directly infringed the asserted claims of the '281patent, but the patent itself was invalid for two reasons:ViewsProcessor certification 101By Scott HenryVeriFone . 36EducationStreet SmartsSM:Pay, don't touch: Will contactless fly?By Dee KarawadraImpact PaySystem . 74Don't snooze and lose thecash advance chanceBy Michael Evans2nd Source Funding. 78Tableside payment solutions:1. There is prior art (meaning, examples are on record of other parties using theprocess before the patent was applied for in 1997).2. The patent is obvious and anticipated (meaning, any party might have thoughtof the process because it was a natural extension of current business practices)."While the patent inventor, Barbara Johnson, implemented an aggressive marketingand business development program that brought this financing method to widespread use, she did not invent a new business method," stated U.S. District JudgeLeonard Davis in his ruling."Rather, Johnson built on long-established prior art, packaged the idea in a new way,and marketed it aggressively. Johnson merely implemented a predictable variation of these existing methods in establishing her invention."While Johnson's work exhibited "excellent entrepreneurship," Davis stated, "it doesnot entitle AdvanceMe to a legal monopoly" on this method of providing merchantsfunding.A compelling caseBy Grant DrummondIngenico . 82Outsource the chores, increase the salesBy Ken MusanteHumboldt Merchant Services . 88Power up your password protectionBy Joel and Rachael RydbeckNubrek Inc. . 94"The industry will sleep better tonight," said David Goldin, President and ChiefExecutive Officer of AmeriMerchant, which is being sued in a companion case,AdvanceMe Inc. v. AmeriMerchant.AdvanceMe's patent was "clearly a threat to the entire industry," Goldin said.The defendants argued 1) the '281 patent is invalid for failure to comply with 35U.S. Code 102 and 103 ("conditions for patentability" concerning "novelty and lossof right to patent" and "nonobvious subject matter," respectively); and 2) the patentis unenforceable due to inequitable conduct.They sought a declaration of noninfringement, invalidity and unenforceability ofContinued on page 3See Floodgates on page 67
»»»»»Tony Abruzzio–Global Payments Inc.John Arato–MagTek Inc.Adam Atlas–Attorney at LawClinton Baller–PayNet Merchant Services Inc.Audrey Blackmon–Granite Payment AllianceSam Chanin–Business Payment SystemsSteve Christianson–AAmonte BankcardSteve Eazell–Secure Payment Systems Inc.Peter Estep–National Bankcard Systems Inc.W. Ross Federgreen–CSRSIJim Fink–EVO Merchant ServicesKim Fitzsimmons–First Data Merchant ServicesEd Freedman–Total Merchant ServicesMarc Gardner–North American BancardAlan Gitles–Landmark Merchant SolutionsRuss Goebel–Pay By TouchAlex Goretsky–USA ePayJared Isaacman–United Bank Card Inc.Jerry Julien–Equity Commerce LPLazaros Kalemis–Alpha Card Services Inc.Dee Karawadra–Impact PaySystemAllen Kopelman–Nationwide Payment Systems Inc.Mitch Lau–Money Tree Merchant ServicesMitch Levy–Merchant Cash and CapitalDan Lewis–AmeriBanc National Ltd.Douglas Mack–Card Payment SystemsPaul Martaus–Martaus & Assoc.Biff Matthews–CardWare InternationalDavid McMackin–AmericaOne Payment Systems Inc.Patti Murphy–The Takoma GroupMichael Nardy–Electronic Payments Inc. (EPI)Joseph Natoli–NPCSteve Norell–US Merchant ServicesGarry O'Neil–Electronic Exchange SystemsPaul Oswald–TransFirstBulent Ozayaz–VeriFoneMarcelo Paladini–Cynergy DataMichael Petitti–AmbironTrustWaveBill Pittman–TPI Software LLCDavid Press–Integrity Bankcard Consultants Inc.Charles Salyer–GlobalTech Leasing Inc.Jeffrey I. Shavitz–Charge Card Systems Inc.Lisa Shipley–Hypercom Corp.Dave Siembieda–CrossCheck Inc.Scott Wagner–Humboldt Merchant Services LPMatt Whitaker–Smart Payment SolutionsDan D. Wolfe–Teledraft Inc.Sam Zeitz–American Bancard, LLCNotableQuote"I love being in a business whereyou get a raise every day you goto work."– See story on page 54Inside this issue:CONTINUEDCompany ProfilesNxgen Payment ServicesIn pursuit of professionalism .41Assurz Inc.Boosting e-commerce with merchandise return .47New ProductsSecure, spot-on printing .103All-in-one online gift card management .103InspirationTake the easy way .107DepartmentsForum . 5Datebook . 110Resource Guide . 116Advertiser Index . 126MiscellaneousSarcasm Sells – Editorial cartoon . 5QSGS: Quick Summary Green Sheet . 8Bottom Lines . 1410 years ago in The Green Sheet . 100Water Cooler Wisdom . 107
4President and CEO:Paul H. Green .paul@greensheet.comGeneral Manager and Chief Operating Officer:Kate Gillespie . kate@greensheet.comCFO/Vice President Human Resources & Accounting:Brandee Cummins . brandee@greensheet.comSenior Editor:Patti Murphy .patti@greensheet.comManaging Editor:Laura McHale Holland .laura@greensheet.comStaff Writers:Sue Luse . sue@greensheet.comLisa Mann . lisa@greensheet.comBonnie Petty . bonnie@greensheet.comArt Director:Troy Vera. troy@greensheet.comAdvertising Sales:Danielle Thorpe, Advertising Sales Director .danielle@greensheet.comRita Francis, Account Executive . rita@greensheet.comKat Doherty, Advertising Coordinator.kat@greensheet.comProduction:Lewis Kimble, Production Manager .lewis@greensheet.comCirculation:Vicki Keith, Circulation Assistant . vicki@greensheet.comCorrespondence:The Green Sheet, Inc.800-757-4441 Fax: 707-586-47476145 State Farm Drive, Rohnert Park, CA 94928Send your questions,comments and feedback to .greensheet@greensheet.comSend press releases to.press@greensheet.comNOTE – Please do not send PDF versions of press releases.Print Production:Hudson Printing CompanyContributing Writers:Grant Drummond . grant.drummond@ingenico.comMichael Evans . mikedoesbooks@yahoo.comScott Henry. scott henry@verifone.comDee Karawadra . dee@impactpaysystem.comKen Musante . kmusante@hbms.comJoel Rydbeck. joel@nubrek.comRachael Rydbeck. rachael@nubrek.comThe Green Sheet (ISSN 1549-9421) is published semi-monthly by The Green Sheet Inc., 6145 State Farm Dr.,Rohnert Park CA 94928. Periodicals Postage Paid at Rohnert Park, CA, and at additional mailing offices.Subscription is FREE to participants in the payment processing industry, an annual subscription includes24 issues of The Green Sheet and 4 issues of GSQ. To subscribe, visit www. greensheet.com. POSTMASTER:send address changes to The Green Sheet Inc., 6145 State Farm Dr., Rohnert Park CA 94928. Anyquestions regarding information contained in The Green Sheet should be directed to the Editor in Chiefat greensheet@greensheet.com. Editorial opinions and recommendations are solely those of theEditor in Chief.In publishing The Green Sheet, neither the authors nor the publisher are engaged in rendering legal, accounting,or other professional services. If legal advice or other expert assistance is required, the services of a competentprofessional should be sought. The Resource Guide is paid classified advertising. The Green Sheet is not responsiblefor, and does not recommend or endorse any product or service. Advertisers and advertising agencies agreeto indemnify and hold the publisher harmless from any claims, damage, or expense resulting from printing orpublishing of any advertisement.Copyright The Green Sheet, Inc., 2007. All rights reserved.
5ForumVisit www.greensheet.com/sarcasmsells.html for the full archive.Proudly sponsored byBoth EPI and the ISO incur a shared loss, but while EPI has severalprograms that incorporate a full-liability relationship, registrationand BIN sponsorship, our typical ISO/MLS program does notinvolve any risk for the ISO/MLS. It is a zero liability program.The example referenced [in the article] as written on GS Online'sMLS Forum deals specifically with MLSs and their revenue splits,while the author's commentary indicates that EPI forces its ISO andMLS partners to share in liability on merchant risk losses. That isemphatically not the case.Our MLS partners do not share in liability or losses caused by ACH[automated clearing house] rejects or other merchant losses.A c a l l t o A g e n Ta l k a c t i o nThe above example I wrote shows that if they [the ISO/MLS] pricea merchant to not incur any fees (and thus generate zero revenue),then we both share a mutual expense of a 5 statement fee inkeeping that account on file - - far less than the expense thousandsof dollars in ACH rejects and uncollected chargebacks would beif our MLS partners bore that burden too.I got the Aug. 13 copy of The Green Sheet and saw my nameon the cover ["AgenTalkSM: David E. Hanlin Jr.: A colorful life, aday at a time," issue 07:08:01].Michael NardyElectronic Payments Inc. (EPI)Thank you, Green Sheet, for the privilege of sharing. I'd like to seethe rest of my MLS Forum buddies respond to the e-mail address atthe end of each AgenTalk article [greensheet@greensheet.com] sothat we can hear your little pearls of wisdom and insights.In issue 07:08:02, I had stated that "Having a true partnerthat will share in your losses and your gains is key in buildingyour portfolio. The only negative to this is that you would alsoshare risk."David E. Hanlin Jr.MLS Forum member Slick StreetmanI want to clarify that in no way was I insinuating that MichaelNardy, or EPI, passed chargeback and ACH reject losses on tothe MLS. I was speaking in general terms. My sincere apology toMichael Nardy.EPI explains loss vs. riskIn the Street Smarts column ["Buyer beware: That means you,dear MLSs," by Dee Karawadra, The Green Sheet, Aug. 27,2007, issue 07:08:02], the writer is confusing two terms, "losses"and "risk."Albeit very similar, they are very different terms with entirelydifferent results for the MLS and ISO.As noted in the article, under our normal ISO program incorporating a 5 statement fee, EPI will incur an expense of 2.50,with the ISO also incurring a mutual expense of 2.50 wherean account has generated zero revenue to cover the expensewe share.Dee KarawadraImpact PaySystemCorrectionIn "A pandemic is sweeping POS terminals: Are youready?" [By Biff Matthews, The Green Sheet, July 23, 2007,issue 07:07:02], Matthews incorrectly stated that VeriFoneand Microsoft have "teamed to provide a fully integrated,end-to-end solution that incorporates credit card processing,accounting and ordering." The deal is between Microsoftand First Data Corp.
8ViewProcessor certification 101Short on time? This section of TheGreen Sheet provides a quick summaryof nearly all the articles in this issueto help keep you up to date on thelatest news and hot topics in thepayments industry.Would you tell merchants their paymentterminals are Class B-certified? Probablynot; odds are they would wonder why theirdevices didn't merit Class A. But that doesn'tmean you shouldn't know the differencesbetween the two levels and fully understandwhat certification is all about.Page 36NewsCover StoryAdvanceMe patent ruling opensmerchant funding floodgatesDiscover dumps RAP, easifor new programOn Aug. 14, the U.S. District Court, EasternDistrict of Texas ruled against AdvanceMeInc., a provider of merchant cash advances,in a patent infringement suit. The court foundthe defendants directly infringed the assertedclaims of the '281 patent, but the patent itselfwas invalid.Discover Financial Services LLC shutdown its RAP and easi programs as partof a strategic move to a new market-basedacquiring model similar to that of MasterCardWorldwide and Visa U.S.A. The companyexpects to have 18 to 20 top tier acquirerssigned on by year's end.Page 52Page 1FeatureNewsNothing beats thefeet-on-the-street lifeCheck 21 to fuelATM replacementsFrom ATMmarketplace.com. It's been slow totake off, but most industry insiders agree theroll over from 2007 to 2008 will be marked bya spike in the adoption of deposit-automationtechnology.With a slew of mergers and buyouts,cutthroat competition, increased datasecurity requirements, and possiblegovernment intervention roiling thepayments landscape, sometimes you justhave to wonder, Why do I stay in thiscrazy industry? GS Online's MLS Forummembers have some answers.Page 24AgenTalkPage 54NewsAgenTalkSM: Heather Marsh –A hands-on MLS phenomSix years ago, Heather Marsh joinedBPS Worldwide, an offshoot of BusinessPayment Systems in New York. Marsh isnow ISO Manager. But she spends herevenings and weekends as an MLS. In thisinterview, she discloses something allmerchants have in common, as well aswhat makes for a satisfying career.Page 28Smart Card Allianceconference: What's in store?With its 2007 conference, the Smart CardAlliance continues a tradition of spottingtrends and technological advances, whilezeroing in on where the payments industryis headed.Page 56
11QSGSNewsEducationNAOPP teleforum packspotent educational punchStreet SmartsSM: Pay, don'ttouch: Will contactless fly?In its ongoing effort to be an educationalresource to merchant level salespeople, theNational Association of Payment Professionalshosted its third teleforum with Attorney PaulRianda, of Irvine, Calif.With all the preparation and widespreadfanfare throughout the industry, is it timefor ISOs and MLSs to actively promotecontactless systems and the cards they accept?Page 56NewsPage 74EducationGS Travel Advice:A great place to visitIf you've looked for the promised savingsof online airline, hotel and car rentalbookings, you've likely been disappointed.The deals are just never there for yourdestination. Or upon arrival, you find your"deluxe" room is more shabby than chic.GS Travel Advice offers an alternative.Page 58Don't snooze and losethe cash advance chanceYou may be excellent at selling merchantprocessing services, but what about funding?Learning to sell the cash advance product isone way you can retain your customers.Page 78
12QSGSEducationEducationTableside payment solutions:A compelling caseProgressive restaurants have adoptedtechnology that has been used in Europefor over 10 years. It allows patrons to payat the table quickly, efficiently and safely.Why not introduce the rest of the hospitalityindustry and other markets to the ease andsecurity of tableside payments?Power up yourpassword protectionYou are acutely aware of the need forpassword protection. But it never hurtsto revisit the issue, especially sinceelectronic theft is so prevalent.Page 94Page 82InspirationEducationTake the easy wayOutsource the chores,increase the salesThe best solution for increasing your salesmay be to outsource less productive tasks soyou can better focus on your most productiveand profitable activities.Page 88We've all heard the advice to work smarter,not harder. One way to accomplish this is tofind shortcuts, such as automated tools. Manytimes we're aware of such conveniences, butwe neglect to take the time to learn aboutthem or set them up. This article offers someways to work smarter.Page 107
14IndustryUpdateProudly sponsored byNEWSFirst Data gets greenlight on merger with KKRFirst Data Corp. received all domestic and internationalregulatory approvals required to close its pending merger with an affiliate of Kohlberg Kravis Roberts & Co.The transaction is expected to close by Sept. 30, 2007.Visa Inc. taking shapeThe nascent Visa Inc. has moved another step closer toits launch as a public company by forming a board ofdirectors and appointing Byron Pollitt Jr. Chief FinancialOfficer. Pollitt joins the company from Gap Inc., where heserved as Executive Vice President and Chief FinancialOfficer. Subject to membership approval, the restructuring plan calls for Visa U.S.A., Visa Canada and VisaInternational to become subsidiaries of Visa Inc. VisaEurope, however, will remain a membership-ownedcard Association and become a Visa Inc. licensee.In addition to Visa Inc. Chairman and Chief ExecutiveOfficer Joseph Saunders, 10 independent directors andseven directors drawn from Visa's operating regionscomprise the board. For a full list of board appointeesand latest developments on the restructuring, visitwww.corporate.visa.com.SCA helps merchantsgain contactless smartssentation, Contactless Payment Deployment: MerchantImplementation Guide. The materials include: An overview of contactless payments deploymentsand the benefits to merchants Practical guidance for implementing contactless payments, including requirements for payment processing, physical environment, and software and hardwaredevelopment and certification Guidance and best practices for training, marketingand support Contactless payments vendors and resources.The guide can be downloaded from SCA's Web site:www.smartcardalliance.org.Research and Marketsassesses prospects for processorsResearch and Markets' new report, Shift to ElectronicPayments: Growth Opportunities for MerchantProcessors, is now online at www.researchandmarkets.com/reports/c66072. The report studied the implications ofthe shift from cash to electronic payments, with emphasis on the merchant acquiring sector. The focus wason major entities of the supply chain, including cardissuers, card Associations, merchants, merchant acquirers and electronic processors for credit and signaturedebit transactions.ANNOUNCEMENTSAlpha grows 1,540% in three yearsSmart Card Alliance has created a comprehensive andfree guide to contactless payments especially for merchants. It consists of two parts: A white paper, AcceptingContactless Payments: A Merchant Guide, and a pre-Alpha Card Services Inc. was named one of the 500 fastest growing, privately held companies in the country byInc. magazine. The company was ranked No. 99, with agrowth rate of 1,540% over the last three years. The National Clearing House reported second quarter 2007 image exchange volume increasedmore than 16% over the previous quarter; volume exceeded 584 billion items, up from 501.7 billion. This represented a 598% increase over the second quarter 2006. Image exchange dollar value,which was 597 billion for the second quarter 2007, represented a 622% increase over the sameperiod in 2006. The National Association of Convenience Stores' 2007 annual State of the Industry studyindicated convenience store sales climbed 15% to a record 569.4 billion. On a per-store basis,combined in-store sales reached a record 1.14 million per store. According to U.S. Commerce Department statistics, consumer spending rose by 0.4% inJuly 2007, double the June 2007 increase.
16IndustryUpdatePanini takes initiativefor distributed capturePanini has launched a small-business initiative to introduce the efficiencies of remote deposit capture to thelargest segment of the U.S. business market. The newprogram provides Panini's customers and partners acombination of products and services tailored to smallbusinesses.Pivotal Payments pays 500 for MO/TOPivotal Payments added a signing bonus to its ISO/agent program. Pivotal offers a 1,000 signing bonusfor each POS merchant boarded. Agents will receive 500 for every MO/TO merchant they board.United Payment Services introduces MAASUnited Payment Services introduced its new onlineapplication system. When signing a merchant with theMerchant Account Application System (MAAS), thesales associate fills out an application online, and ane-mail is sent to the merchant to obtain an electronic signature. The secure e-mail directs the merchant to reviewand approve the application online.USA ePay deft with check processingUSA ePay, a GorCorp company, has launched DeftDeposit, a suite of check processing solutions. Thecompany's check manager, USA eCheck, offers an arrayof Deft Deposit's ACH debit options and will soon addremote deposit capture and fax deposit.PA R T N E R S H I P SCrossCheck, eProcessingNetwork are sympaticoCrossCheck Inc.'s check guarantee service is now compatible with eProcessing Network's payment gateway.EProcessing's ePNPlugIn financial software paymentsmodule for QuickBooks allows merchants to consolidate their Internet, mobile and POS transactions usingQuickBooks. Leveraging established CrossCheck relationships, merchants can approve check transactionsdirectly within QuickBooks.Green Dot MoneyPak accepts RentPaymentPer an agreement between RentPayment and GreenDot Corp., RentPayment customers will have access tocash payment methods using Green Dot's MoneyPak.This expands MoneyPak's bill payment capabilities byproviding solutions for paying rent and household billselectronically. MoneyPak is available to diverse businesses nationwide.
18IndustryUpdateIntura Solutions certifiesPartner Tech hardwarethrough a new POS system that offers real-time access tobranch transactions and information.Intura Solutions LP, a supplier of POS and businessmanagement software, announced that the Partner Techline of POS equipment has been certified for compatibility with the Intura Vision POS software solution. ISTSdevelops kiosk applications on VeriFone terminal. ISTSWorldwide Inc. has developed retail applications forthe Verifone MX870 terminal.Moneris Solutions signs OptimalThe Linux-based MX870 is a multimedia enabled,Payment Card Industry Data Security Standard PEDapproved terminal for bankcard payment, as well asloyalty, gift and value added applications. The MX870integrates with VeriFone's VisualPayments Suite and isdesigned to deliver branding, promotion and advertising, especially in small form factor kiosk applications.New Edge wins ECA contractNew Edge Networks won a two-year contract to buildand manage a private communications network forExpress Check Advance LLC. The work includes network monitoring, reporting and trouble ticketing.ECA will use its high-speed wide area network to introduce new products and offer more convenient servicesOptimal Payments Corp., a wholly owned subsidiaryof Optimal Group Inc., signed an multiyear agreementfor BIN sponsorship through Moneris Solutions Inc.Optimal will look to expand merchant acquiring programs by leveraging this sponsorship.Panini, Breckenridge,Summit automate tax collectionMontgomery County, Ohio, now enjoys streamlinedproperty tax collection. Utilizing Panini's My Vision Xcheck scanner and Breckenridge Financial Systems'remittance processing software, cashiers scan propertytax checks upon receipt, and the taxpayer's file is immediately updated. Breckenridge partnered with SummitInnovations Inc. to develop a customized softwaresolution for the county that interfaced to its existingcashier system.Postilion, CNB deliverprepaid to community FIsPostilion Inc., a division of S1 Corp., has entered into
20IndustryUpdatea marketing agreement with Oklahoma-based CentralNational Bank of Enid to offer prepaid card programsto help community financial institutions (FIs) tap intothe growing stored-value card market.Shift4, Onetech team upOnetech Solution LLC and Shift4 Corp. have formedan exclusive partnership that expands on the Onetech.PMS property management system, adding secure,high-speed credit card payment processing.Onetech.PMS is a Web-based system for single andmultiple properties. It manages front-desk activities,individual and group reservations, housekeeping, nightaudits, rate management and other key operationalfunctions.ACQUISITIONProfitPoint snags over12,000 gift card locationsProfitPoint, provider of stored value, gift and loyaltycard services, acquired more than 12,000 gift and loyalty card processing locations from an undisclosedsource. Under the terms of the transaction, ProfitPointalso entered into a long-term agreement involving itsstored value card technology. And it will make significant investments in hardware and software upgrades tothe platform.APPOINTMENTSFirst Annapolis picks BoeseEmily Boese joined First Annapolis' Acquiring Practiceas a Manager. Most recently, she served in a variety ofstrategic and organizational initiatives for AmericanExpress Co. Prior, Boese worked for First Annapolis as aSenior Consultant.The Green Sheet makes editorial changesThe Green Sheet Inc. bid farewell to Vice Presidentof Editorial Karen Converse, who left to pursue newopportunities. Laura McHale Holland was promoted tothe position of Managing Editor.Davis joins TNB Card ServicesTNB Card Services named Phil G. Davis II First SeniorVice President. Davis comes to TNB from Citigroup Inc.,where he was a Senior Vice President in Citicorp's creditservices division. He has also held executive positions inthe card services division of Bank of America Corp. andthe outsourcing division of NCO Financial Systems Inc.FNMS names Hardimon new VPFirst National Merchant Solutions named ChrisHardimon Vice President of National Sales. Beforejoining FNMS, Hardimon was Director of AccountDevelopment for AmEx Global Corporate Services.Hardimon formerly worked for JPMorgan Chase &Co., General Electric Capital Corp. and Citicorp DinersClub Inc.AmbironTrustWaveadds two senior exesAmbironTrustWave added two senior executives tothe company's management team. J. Lawrence (Larry)Podmolik is Chief Technology Officer and Ronald vanGeijn is Senior Vice President of Product Management.Prior to joining AmbironTrustWave, Podmolik wasPresident and CTO of Redpoint Technologies, a hightech professional services firm in Chicago. Before founding Redpoint, he was Vice President and CTO at StrategicTechnology Resources (now Nvisia).Van Geijn most recently served as Vice President ofProduct Management for Cybertrust Corp. Previously,he was Senior Director of Product Marketing at SymantecCorp. He was Director of Product Management at AxentTechnologies Inc., before its acquisition by Symantec.
24FeatureCheck 21 to fuel ATM replacementsBy Tracy Kitten, EditorATMmarketplace.comThis story was originally published on ATMmarketplace.com,Aug. 15, 2007; reprinted with permission. 2007 NetWorldAlliance LLC. All rights reserved.It's been slow to take off, but most industry insidersagree the roll over from 2007 to 2008 will be markedby a spike in the adoption of deposit-automation technology. As more banks and credit unionsreplace and upgrade ATMs to accept envelope-free deposits, the ATM playing field is expected to level for financialinstitutions (FIs), as well as manufacturers.Tony Hayes, Vice President of Financial Services forBoston-based Dove Consulting Inc., a division of HitachiConsulting, said research suggests that consumers preferenvelope-free deposits, and FIs are reacting.According to Dove, 21% of banks and 24% of credit unionsdeployed deposit-imaging ATMs in 2006. Another 58%of banks and 65% of credit unions said they planned todeploy the technology at the ATM within the next year.To
AdvanceMe Inc. v. AmeriMerchant. AdvanceMe's patent was "clearly a threat to the entire industry," Goldin said. The defendants argued 1) the '281 patent is invalid for failure to comply with 35 U.S. Code 102 and 103 ("conditions for patentability" concerning "novelty and loss
