Feature Story
  30 Interchange Fees: The Pressure Builds
  Merchants are pushing for legislation to force down the cost to accept card payments. Payment schemes that cost merchants less to accept also are emerging. Will issuers' steady interchange-revenue stream survive?
  6 Editor's Note
  8 Industry News
  Retailer Letter Sparks Another Data Debate
  A letter from the National Retail Federation sent to the Payment Card Industry Security Standards Council sparks another war of words between merchants and payment card networks over data security.
  9 TJX Agrees to Settle Breach Suit
  Parent of T.J. Maxx, Marshalls and other stores agrees to settle several consumer class-action lawsuits filed in the United States, Canada and Puerto Rico.
  10 Discover Gains More Acceptance
  Wells Fargo Merchant Services LLC and Chase Paymentech Solutions LLC join the list of merchant processors that are providing retailers with unified processing and a single statement for Discover, Visa and MasterCard transactions.
  Also in this issue...
  14 Debit Card Report
  U.S. Treasury Mulls Proposals To Supply
  Benefits Via Cards
  Agency's goal is to reduce check expenses related to the distribution of Social Security and other federal payments.
  16 Prepaid Draws More Players
  Increased growth in prepaid card products will create more competition among the major players in the market, experts believe.
  18 Prepaid Trends
  Prepaid Industry Prepares
  For More Federal Regulations
  Some experts believe profitability would be compressed but not completely compromised by government-set standards.
  20 Security
  FACTA: Verifying All Addresses Would be Costly, Issuers Say
  "Red flag" rules would require card issuers to resolve discrepancies between the addresses customers provide and those credit bureaus have on file for them.
  26 Executive Inquiry
  For Wachovia's Boehm, a Return To Issuing was in the Cards
  Cards&Payments Editor-in-Chief Jeffrey Green chats with Steven G. Boehm, president of Card Services at Wachovia Bank, about the complexities of launching an in-house credit card program.
  36 Card Trends
  Crackdown on 'Piggybacking' Creates Unintentional Woes
  The producer of the FICO credit score wants to stop strangers from co-signing card applications. But cardholders' spouses and children also could lose credit access.
  40 Payment Trends
  For Issuers, Unhappy Customers Need Not be a Tough Call
  With automated systems handling more of cardholders' simple questions, call centers and their staff members must tackle trickier requests with panache.
  48 Afterthoughts
  Fed Rate Cuts Not That Helpful
  (c) 2007 Cards&Payments and SourceMedia, Inc. All Rights Reserved.
  http://www.cardforum.com http://www.sourcemedia.com

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