Visa has announced new liability shift dates for EMV transactions that will affect third-party acquirers of ATM transactions, Mobile Payments Today reports. The liability shift places responsibility for paying out losses to consumers due to fraudulent transactions on machines that are not EMV-compatible to merchants and ATM deployers, rather than card issuers. The new deadlines…
DetailsHard cider sales have been increasing, with new styles and flavors that have stimulated consumer interest, the Indianapolis Star reports. “It’s the most exciting beverage category in the market,” said Jeffrey House, founder of the California Cider Co., which produces ACE Premium Hard Ciders. While hard cider’s sales figures fall far short of those for…
DetailsStarting this fall, Dasani, Coca-Cola’s water brand, has rolled out Dasani Drops, a zero-calorie liquid beverage enhancer that allows people to add a burst of flavor to their water. Its four flavors include Strawberry Kiwi, Pink Lemonade, Pineapple Coconut and Mixed Berry. By flipping the cap and squeezing the bottle, water drinkers can customize their…
DetailsDetails revealed in court following the apprehension of two hackers who hit point-of-sale devices at 100 shops and retailers expose POS security vulnerabilities, Bank Info Security reports. The attacks pose an increasing concern to all of those involved in the payments industry. The attacks compromised Internet-connected POS devices and systems operated by Subway and other…
DetailsThe Payment Card Industry Security Standards Council has released best practices guidance for mobile payment acceptance security, Mobile Payments Today reports. The guidelines are intended to offer guidance to mobile app developers and handset device manufacturers on security controls. The best practices are outlined in the Council’s PCI Mobile Payment Acceptance Security Guidelines and separate…
DetailsConsulting firm A.T. Kearney has released a consumer study, “Buying into the Local Food Movement,” that assesses how shoppers make decisions about buying local versus non-local food. The study found that local food is a trend consumers have embraced. Among the findings, the report suggests that shoppers will switch stores for a better local food…
DetailsMichigan is the third largest apple producer in the U.S., but this year growers are picking only 10 to 15 percent of their normal crop. Michigan State University estimates the wholesale value of the missing apples to be $110 million, a hit that is rippling through the regional apple economy. “This spring, 2012, is probably going…
DetailsFor a consumer with household income of $40,000, the 2% increase in the payroll tax represents $800 in reduced spending power per year, according to Symphony Consulting, a business unit of SymphonyIRI Group Inc. This can be the difference between shopping at a lower-cost dollar store versus a mass merchandiser, increasing purchases of a store…
DetailsBeer remained the largest segment of the U.S. adult beverage industry, accounting for more than four-fifths of total alcohol volume, but was challenged by both economic and consumer trends that resulted in a 1.3% decline in 2011, according to food and beverage consultancy Technomic’s 2012 BeerTAB (Trends in Adult Beverage) report. Total beer volume was…
DetailsMonster Beverage will now list the caffeine amount on each can of its energy drinks, a move that is part of an overall label change, the Associated Press reports. Can labels will now contain nutritional information and not supplement data, as Monster follows federal guidelines. The switch comes after increased attention from lawmakers on the…
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