The OPEC production deal has sent gasoline prices on an upward spike By NACS Online After relatively low gasoline prices across the country, pump prices are increasing as the cost of oil rises after the Organization of Petroleum Exporting Countries (OPEC) decided to keep production at its current levels, UPI reports. OPEC had previously agreed…
The latest NACS Convenience Matters podcast looks at tank corrosion By NACS Online A 2016 report issued by the U.S. Environmental Protection Agency’s (EPA) Office of Underground Storage Tanks found that many diesel fuel retailers have experienced excessive corrosion in their systems and that many more may not even know they have a problem. In…
The case involves several New York businesses that want to inform customers that using a credit card costs more NACS ONLINE A New York hair salon that wanted to let customers know they would be charged more for paying with plastic has taken its case to the U.S. Supreme Court, Stateline reports. Expressions Hair Design…
The card company has changed the U.S. domestic EMV activation deadline for automated fuel dispensers until 2020 NACS ONLINE Visa Inc. has delayed its deadline for installing EMV chip-card readers in U.S. gasoline pumps after retailer discussions made clear that they would not have enough time to complete the multibillion-dollar upgrades, reports Bloomberg. According to…
Recent scrutiny by the FTC and Federal Reserve Board of Governors triggered the modification NACS Online Recently, Visa agreed to change their rules and requirements for payment system stakeholders regarding the rollout of EMV smart chip technology in the United States. The move comes after careful scrutiny from the Federal Trade Commission (FTC) and Federal…
The U.S. central bank announced that the credit card networks’ routing screens violate the law By NACS Online Recently the Federal Reserve Board published a clarification of Regulation II which implements debit swipe fee reform. One part of Regulation II protects retailers’ ability to choose which payment network to use for their debit transactions. Prior…
By Oil Price Information Service The federal government has moved a step closer to releasing the U.S. Agriculture Department’s final rule that enhances retailer requirements in the federal food stamp program – also known as the Supplemental Nutrition Assistance Program (SNAP). The rule has been sent to the federal Office of Management and Budget (OMB)…
By Donna Harris // Oil Price Information Less than half of small and mid-sized bricks-and-mortar retailers of all types accept chip cards at indoor point-of-sale terminals, even a year after the credit card networks’ liability shift, according to a survey this month from The Strawhecker Group. Gas stations and other merchants had to adopt technology…
By Patrick A. Kelley, SNAP Program Analyst This is an important announcement regarding the Department of Agriculture’s (USDA) Online Purchasing Pilot Request for Volunteers (RFV) published on September 15, 2016. The USDA’s Food and Nutrition Service (FNS) is pleased to announce that we have received confirmation that additional Electronic Benefit Transfer (EBT) Host Processors intend…
U.S. Sen. Richard Durbin and Rep. Peter Welch discuss the real reasons why banks are now pushing for debit swipe fee reform U.S. Sen. Richard Durbin (D-IL) and Rep. Peter Welch (D-VT) wrote an op-ed this week to highlight the benefits of debit swipe fee reforms enacted more than six years ago, as well as…