Shoppers, Retailers Frustrated by Self-Checkout

Stores are adding video systems to help customers check out and to combat theft. February 14, 2020 BENTONVILLE, Ark.—Consumers aren’t the only ones who find it hard to use self-checkout machines. Retailers experience their own headaches with cashier-free lanes, including theft and technology malfunctions, the Wall Street Journal reports. For example, Walmart recently removed or…

Global Oil Demand to Drop

The IEA forecasts the first quarterly decrease in more than a decade amid a China slowdown. February 14, 2020 PARIS–Worldwide, the demand for oil is set to contract for the first quarter of 2020, the first drop in more than 10 years, according to the International Energy Agency (IEA), CNBCreports. The decreased demand comes as…

Clean Restrooms Boost Spending

A well-maintained bathroom makes consumers open their wallets By NACS Online // February 12, 2020 MENOMONEE FALLS, Wis.—A growing majority of consumers value businesses’ well-kept restrooms so much that they are willing to spend more money when they encounter one, according to new national research. The number of Americans who will “definitely” or “probably” shell…

Visa Plans Sweeping Swipe Fee Changes

The interchange fees will rise or fall based on the merchant and how a customer pays By NACS Online // February 07, 2020 SAN FRANCISCO—Visa Inc. will make huge changes to its interchange rates, with lower rates for real estate and education categories and higher rates for e-commerce transactions, Bloomberg reports. “The U.S. credit interchange structure has…

Trump Recommends New Tobacco Regulation Agency 

The proposal would take oversight of tobacco away from the Food and Drug Administration By NACS Online // February 12, 2020 WASHINGTON—The Trump Administration has proposed yanking tobacco oversight from the U.S. Food and Drug Administration (FDA) to a new, independent agency, Politico reports. The tobacco agency would be helmed by a director confirmed by the Senate.…

FDA to Begin Prioritizing Enforcement Against Certain Illegally Marketed ENDS

By Center for Tobacco Products Last month, FDA announced the agency’s enforcement priorities for electronic nicotine delivery systems (ENDS), such as e-cigarettes, on the market without premarket authorization. Beginning today, the agency intends to prioritize enforcement against certain illegally marketed flavored e-cigarette products, focusing on products that are particularly popular with youth and are easily accessible or marketed to…

Michigan Department of Treasury: Business Taxpayers Have Easier Option for Filing Sales, Use and Withholding Tax Annual Returns

LANSING, Mich. – Michigan’s business taxpayers now have an easier option for filling their Sales, Use and Withholding (SUW) Annual Tax Return, according to the Michigan Department of Treasury (Treasury). Beginning this month, business taxpayers with less than $10 million in gross receipts and no allowable deductions or exemptions can file the new SUW Tax…