So we don’t forgot!

The Declaration of Independence

When in the course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth the separate and equal station to which the laws of nature and of nature’s God entitles them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed. That whenever any form of government becomes destructive of these ends, it is the right of the people to alter or to abolish it and to institute new government, laying its foundation on such principles and organizing its powers in such form as to them shall seem most likely to effect their safety and happiness. Prudence, indeed, will dictate that governments long established should not be changed for light and transient causes; and accordingly, all experience hath shown that mankind are more disposed to suffer while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same object, evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government and to provide new guards for their future security. Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former systems of governments. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute tyranny over these States. To prove this, let facts be submitted to a candid world.

He has refused his assent to laws, the most wholesome and necessary for the public good.

He has forbidden his Governors to pass laws of immediate and pressing importance, unless suspended in their operation till his assent should be obtained; and when so suspended, he has utterly neglected to attend to them.

He has refused to pass other laws for the accommodation of large districts of people unless those people would relinquish the right of representation in the legislature, a right inestimable to them and formidable to tyrants only.

He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their public records, for the sole purpose of fatiguing them into compliance with his measures.

He has dissolved representative Houses repeatedly for opposing with manly firmness his invasion on the rights of the people.

He has refused for a long time, after such dissolutions, to cause others to be elected; whereby the legislative powers, incapable of annihilation, have returned to the people at large for their exercise; the State remaining in the meantime exposed to all the dangers of invasion from without and convulsions within.

He has endeavored to prevent the population of these States; for that purpose obstructing the laws for naturalization of foreigners; refusing to pass others to encourage their migrations hither, and raising the conditions of new appropriations of lands.

He has obstructed the administration of justice by refusing his assent to laws for establishing judiciary powers.

He has made judges dependent on his will alone for the tenure of their offices and the amount and payment of their salaries.

He has erected a multitude of new offices and sent hither swarms of officers to harass our people and eat out their substance.

He has kept among us, in times of peace, standing armies without the consent of our legislature.

He has affected to render the military independent of and superior to the civil power.

He has combined with others to subject us to a jurisdiction foreign to our constitution and unacknowledged by our laws; giving his assent to their acts of pretended legislation:

For quartering large bodies of armed troops among us:

For protecting them, by a mock trial, from punishment for any murders which they should commit on the inhabitants of these States:

For cutting off our trade with all parts of the world:

For imposing taxes on us without our consent:

For depriving us in many cases of the benefits of trial by jury:

For transporting us beyond seas to be tried for pretended offenses:

For abolishing the free system of English laws in a neighboring province, establishing therein an arbitrary government, and enlarging its boundaries so as to ren-der it at once an example and fit instrument for introducing the same absolute rule into these Colonies:

For taking away our charters, abolishing our most valuable laws, and altering fundamentally the forms of our governments:

For suspending our own legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.

He has abdicated government here, by declaring us out of his protection and waging war against us.

He has plundered our seas, ravaged our coasts, burnt our towns, and destroyed the lives of our people.

He is at this time transporting large armies of foreign mercenaries to compleat the works of death, desolation and tyranny, already begun with circumstances of cruelty and perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the head of a civilized nation.

He has constrained our fellow citizens taken captive on the high Seas to bear Arms against their country, to become the executioners of their friends and brethren, or to fall themselves by their hands.

He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.

In every stage of these oppressions we have petitioned for redress in the most humble terms: Our repeated petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a tyrant, is unfit to be the ruler of a free people.

Nor have we been wanting in attentions to our Brittish brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity and we have conjured them by the ties of our common kindred to disavow these usurpations which would inevitably interrupt our connections and correspondence. They, too, have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity which denounces our separation and hold them, as we hold the rest of mankind, enemies in war, in peace friends.

We, therefore, the Representatives of the United States of America, in general Congress assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the name and by the authority of the good people of these Colonies, solemnly publish and declare that these United Colonies are, and of right ought to be, free and independent States; that they are absolved from all allegiance to the British Crown and that all political connection between them and the State of Great Britain is and ought to be totally dissolved; and that as free and independent States, they have full power to levy war, conclude peace, contract alliance, establish commerce, and do all other acts and things which independent States may of right do. And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes, and our sacred honor.

Signers of the Declaration of Independence

NEW HAMPSHIRE: Josiah Bartlett, William Whipple, Matthew Thornton

MASSACHUSETTS: John Hancock, John Adams, Samuel Adams, Robert Treat Paine

RHODE ISLAND: Elbridge Gerry, Stephen Hopkins, William Ellery

CONNECTICUT: Roger Sherman, Samuel Huntington, William Williams, Oliver Wolcott

NEW YORK: William Floyd, Philip Livingston, Francis Lewis, Lewis Morris

NEW JERSEY: Richard Stockton, John Witherspoon, Francis Hopkinson, John Hart, Abraham Clark

PENNSYLVANIA: Robert Morris, Benjamin Rush, Benjamin Franklin, John Morton, George Clymer, James Smith, George Taylor, James Wilson, George Ross

DELAWARE: Ceasar Rodney, George Read, Thomas McKean

MARYLAND: Samuel Chase, Thomas Stone, William Paca, Charles Carroll of Carrollton

VIRGINIA: George Wythe, Richard Henry Lee, Thomas Jefferson, Benjamin Harrison, Thomas Nelson, Jr., Francis Lightfoot Lee, Carter Braxton

NORTH CAROLINA: William Hooper, Joseph Hewes, John Penn

SOUTH CAROLINA: Edward Rutledge, Thomas Heyward, Jr., Thomas Lynch, Jr., Authur Middleton

GEORGIA: Button Gwinnett, Lyman Hall, George Walton


Bill Hoidas
Consultant Manager Larger B2B/MOTO/Internet Accounts
Product Development Manager
Matrix Payment Systems
(847) 381-3482 office
(847) 381-4289 fax
http://paymentconsulting.net
http://chicago.citysearch.com/review/44659273
http://paymentconsulting.net/adv_funding.html
John 3:16 For God so loved the world, that he gave his only begotten
Son, that whosoever believeth in him should not perish, but have everlasting life.

These days we are facing an economic crisis and need to prepare ourselves more effectively for the recovery – to discover opportunities, identify potential partners looking for opportunities, looking for a reason to hope. Now it’s a good idea to ask: how could my product/service provide opportunities in today’s economic climate?

2010 NATB WORLD TICKET CONFERENCE

Hi,

The NATB http://natb.org/ annual meeting and trade show is coming up July 16th -18th at the brand new Aira Hotel in the new Las Vegas City Center. http://www.worldticketconference.com/

I will be at the show with my partner Bob Dahlem. We are in booth #101 as soon as you walk in the door. A floor plan is attached to this email.

We have some real fun stuff planned to make this the best show for you the tickebroker!

-a Wii sports game at our booth for your enjoyment
-we are also sponsoring the internet cafe with a printer this year!
-we are sponsoring a Visa $250.00 gift card raffle for the NATB.
-we will be partaking in a roundtable discussion regarding a subject near & dear to your hearts-chargeback protection and proactive chargeback defense
-for NATB attendees only who choose us as their credit card processor we will pay the first $250 of your NATB fees this year!

When choosing a credit card processor always keep in mind the following
-we’re not “posers” we have been servicing the ticketbroker industry and NATB members for over 8 years
-Matrix has been the credit card processor of choice for Ticketbrokers since 2002
-we have far more ticketbroker clients than any other processor in the industry
-see why over 200 ticketbrokers can’t be wrong
-get the real truth about the “Verified by Visa” program. While available through us and a useful tool it does not give you unilateral protection against chargebacks. If someone tells you otherwise run for the door. Real protection against chargebacks is with our aggressive proactive chargeback prevention techniques and aggressive chargeback defense.

If you’re attending please give me a call before the show at my office (below) or if you call while we’re in Vegas my cell is 847-772-9437. I’d love to buy you a meal or go for beverages in appreciation for your business and to get to know you better. At the very least stop by and say hello. And bring your friends!

Bill


Bill Hoidas
Consultant Manager Larger B2B/MOTO/Internet Accounts
Product Development Manager
Matrix Payment Systems
(847) 381-3482 office
(847) 381-4289 fax
http://paymentconsulting.net
http://chicago.citysearch.com/review/44659273
http://paymentconsulting.net/adv_funding.html
John 3:16 For God so loved the world, that he gave his only begotten
Son, that whosoever believeth in him should not perish, but have everlasting life.

These days we are facing an economic crisis and need to prepare ourselves more effectively for the recovery – to discover opportunities, identify potential partners looking for opportunities, looking for a reason to hope. Now it’s a good idea to ask: how could my product/service provide opportunities in today’s economic climate?

US lawmakers seek ouster of interchange amendment

*Would affect fees merchants pay on debit card transactions

Stocks | Regulatory News | Bonds | Global Markets | Financials

* ‘Grave concerns’ the measure would harm consumers

* Banks, credit unions also lobby to defeat the measure

WASHINGTON, June 16 (Reuters) – A bipartisan group of 131 lawmakers from the U.S. House of Representatives on Wednesday called for elimination of a financial reform amendment that seeks to reduce the interchange fees merchants pay on debit card transactions.

In a letter to the bipartisan House-Senate conference committee working to finalize regulatory legislation, 71 Democrats and 60 Republicans expressed “grave concerns” that the measure would harm consumers, community banks and credit unions if adopted as law.

“We strongly urge members of the conference committee and the leadership of our respective parties to object to the Senate language on interchange fees in the final conference report,” said the letter, released by Democratic Representative Debbie Wasserman Schultz of Florida and Republican Kenny Marchant of Texas.

The letter coincides with an intensive lobbying effort by banks and credit unions to defeat the measure, which would reduce interchange fees that currently produce billions of dollars in revenues for financial institutions.

The amendment would require the Federal Reserve to set interchange fees according to underlying costs. Critics of the current unregulated system say card networks such as Visa Inc (V.N) and MasterCard Inc (MA.N) impose artificially high interchange fees, forcing merchants to raise prices or face losing profits.

Visa and MasterCard, which control 80 percent of worldwide electronic transactions, pass interchange fee revenue on to card-issuing banks within their networks.

Authored by Sen. Richard Durbin, an Illinois Democrat, the amendment was adopted as part of the Senate financial reform bill. A conference committee of 43 Democrats and Republicans is now working to merge the Senate language and a House bill into final legislation that can be signed into law by President Barack Obama.

But the final bill must first be approved by both the House and Senate, and industry lobbyists hope to persuade conferees that the legislation could run into trouble if it contained the amendment.

The amendment is expected to come before the conference committee for resolution next week.

Lawmakers warned in their letter that the amendment’s adoption could raise costs for banking products and credit cards and a loss of protection against fraud and identity theft.

The amendment exempts most banks and credit unions by targeting only institutions with $10 billion or more in assets. But smaller institutions have joined the lobbying fray anyway, fearing they could suffer knock-on effects if large banks suddenly lost major revenues. (Reporting by David Morgan, editing by Matthew Lewis)

Victors in Senate Interchange Skirmish Take Battle to the House

(May 25, 2010) Fresh from their Senate victory May 13, proponents of interchange regulation on Tuesday urged U.S. House of Representatives leaders to adopt the so-called Durbin amendment that could limit debit card interchange and overturn some bank card network rules in order to make it easier for merchants to discount for other payment types and set minimum transaction amounts for credit card transactions.

At a bipartisan news conference, U.S. Rep. Peter Welch, D-Vt., called on House Speaker Nancy Pelosi and House Minority Leader John Boehner to add the amendment from U.S. Sen. Richard Durbin, D-Ill., to the House version of the Senate’s Financial Regulatory Reform Bill as the two chambers reconcile their differences on major financial-industry reform. The Senate attached the measure to its version of the reform bill on a 64-33 vote that drew a surprising number of Republican supporters (Digital Transactions News, May 14).

As in the Senate, interchange-regulation proponents cast Wall Street banks and the bank card networks as bad guys to be reined in by the reform bill. “Just as Goldman Sachs and other Wall Street banks plunged the economy into recession with some of their reckless practices, Visa and MasterCard and the credit card industry have been ripping off small businesses for years,” said Welch, a notable partisan in the interchange fight because he sponsored a bill that would have overturned a number network rules in order to give merchants more control over their payment card expenses (Digital Transactions News, Oct. 8, 2009).

Added U.S. Rep. Keith Ellison, D-Minn., a member of the House Financial Services Committee: “Big banks and credit card companies have had their day in the sun, and today, now we’re calling on our Congress to help the consumer and small businesses to get their day in the sun because they are the engine of our economy.”

Indeed, the interchange fight is taking on more overtones of small versus big business, a dichotomy that can overcome partisan political divisions. “The big get bigger while the small get smaller,” said U.S. Rep. Walter B. Jones, R-N.C. “There are other Republicans that would support this bill, in my humble opinion, because it’s the right thing to do for the American people.”

The chairman of the House Financial Services Committee, U.S. Rep. Barney Frank, D-Mass., earlier indicated he didn’t want to address the interchange issue in 2010, but his colleagues want him to reconsider. Welch said he’s already met with Frank, and that he plans to meet more House leaders. “We’ll be doing lobbying,” he said in response to a reporter’s question about his strategy to get the Durbin amendment included in the final version of the reform bill. “We’re going to be asking our merchants who are in Red states and in Blue states to contact their members [of Congress] and let them know this really means a lot to them. This affects every small business in America.”

The reality, however, is that while small businesses are the sympathetic public face of the interchange battle, card-industry sources say national big-box retailers are lobbying hard for the Durbin amendment because of the potential savings in card-acceptance costs it might bring. Their pressure reportedly helped bring in some Republican votes for Durbin’s measure.

Meanwhile, merchant acquirers are trying to figure out how to make the back-office changes necessary to implement Durbin’s provisions should they become law. The measure would exempt from possible regulation the interchange income of financial-institutions with $10 billion or less in assets—a group Durbin said includes 99% of banks and credit unions. The amendment instructs the Federal Reserve to assess what would be “reasonable and proportional” debit card interchange based on the processing costs incurred. That means there could be one set of interchange rates for a few large debit card issuers and another set for all the others—on top of existing rates based on transaction volume and merchant type.

“I think this is a flawed piece of legislation,” Paul R. Garcia, chairman and chief executive officer of the big acquirer Global Payments Inc., tells Digital Transactions News. “We’d have to totally reprogram.”

In an e-mailed statement to Digital Transactions News, Visa Inc. said, “The Durbin amendment would in effect impose price controls, allowing merchants to shift their costs for accepting debit cards onto the backs of consumers, while merchants continue to receive the value of electronic payments—including faster check-outs, ticket lift, increased security, and guaranteed payment. We believe this is unfair.”

“The amendment also could leave consumers with less choice and higher costs,” Visa said. “This could include an increase in costs for checking accounts and online banking fees or a reduction of debit card benefits like zero-liability protection and rewards. Those who rely on prepaid cards for government disbursements, such as child support, could be particularly hard hit.”

In another interchange development, Welch’s home state of Vermont last week approved what apparently is the nation’s first interchange-regulation law on the state level.