mcdonalds

Former Employee Sues McDonald’s After Being Paid Only in Prepaid Debit Cards

The interchange fee debate took an interesting turn after a former McDonald’s employee in Pennsylvania sued the hamburger chain for refusing to pay her in anything but a debit card. A detailed report by the Citizen’s Voice newspaper revealed that the Shavertown McDonald’s forces workers to be paid only one way: with a payroll debit

prepaidWEB

Swipe Reform Saving Up to $18 Million A Day

“Retailers know that if they don’t pass along the savings the store across the street will,” says NRF president. With the first anniversary of debit card swipe fee reform approaching next week, U.S. retailers and their customers are benefiting from savings of up to $18 million a day that previously went to card companies and

prepaidWEB

NRF To Fight Swipe Fee Settlement

“The proposal is a lose-lose-lose for merchants, consumers and competition,” says NRF CEO. The National Retail Federation’s Board of Directors has authorized the Federation to go to court to block the proposed $7.25 billion settlement of a federal antitrust lawsuit over skyrocketing Visa and MasterCard credit card swipe fees that cost consumers hundreds of dollars

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Cumberland Gulf Group Opposes Settlement With Visa And MasterCard

“We support bringing real competition and transparency to the credit card market, and this proposed settlement clearly fails to meet this objective,” says Ari Haseotes, president and chief operating officer of Cumberland Farms Inc. The Cumberland Gulf Group opposed the proposed settlement of longstanding antitrust litigation between retailers and the credit card industry. The proposed

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NACS Refuses To Accept Proposed Antitrust Settlement With Visa And MasterCard

“NACS does not accept this proposed settlement, and we reserve the right to fight it if other class representatives do accept it,” says Henry Armour, NACS president and CEO, on the proposed settlements between merchants and credit card companies. NACS rejected the proposed settlement of antitrust litigation between merchants and the credit card industry. NACS

creditcards

Could Real Swipe Fee Relief Be On the Way?

Some speculate Visa and MasterCard could settle lawsuit before September Court date. Visa Inc. and MasterCard Inc. are reportedly prepared to settle a seven-year lawsuit brought by retailers, regarding swipe fee costs, sometime late this month—even as soon as next week, Bloomberg reported. The deal may include payments to retailers and a temporary cut in

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POS in Your Palm

Mobile technology is changing the retail landscape, offering a bevy of options for retailers to consider. By Erin Rigik, Associate Editor. In today’s ever-evolving world of mobile payment technology, anyone with a mobile phone can take credit card payments, from a neighbor running a garage sale to an entrepreneur building a small business. Now, this

cardswipe

USA Today Deflates Banks’ Swipe Fee Myths

Makes strong case for credit-card reform. In a news story today, USA Today exposed some of the myths banks propagate about hidden, exorbitant “swipe” fees the banks charge retailers when customers buy with credit or debit cards, the Merchants Payments Coalition reported. The article also makes a strong case for reforming the way Visa and

visa

Visa Raises “No Signature” Limit to $50, Enhances Merchant Fraud Protection

Visa Inc. said it plans to raise its Visa Easy Payment Service “no signature required” limit from $25 to $50 for two key U.S. merchant categories. Starting in October 2012, discount stores and grocery stores/supermarkets in the U.S. can accept Visa cards for transactions up to $50 without requiring a cardholder signature or PIN, or

exxonmobil

ExxonMobil To Reward Speedpass Customers

A 15-cents-per-gallon rebate is available for 60 days after customers register online. Speedpass customer appreciation days are back. To express appreciation to customers, ExxonMobil is repeating a favorite promotion of 15-cents-per-gallon rebate of gas purchased with a registered Speedpass account. Beginning today, customers may register their Speedpass accounts at Speedpass.com/save to earn discounts for a

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7-Eleven Signs Prepaid Agreement With Western Union

“The Western Union MoneyWise prepaid card incorporates all the benefits of a reloadable prepaid card, including convenience and ease of use, which is what our customers want,” says 7-Eleven spokesperson. 7-Eleven and The Western Union Co. have signed a prepaid agreement to offer consumers the ability to obtain The Western Union MoneyWise General Purpose Reloadable

nacsLogo

NACS Reacts To 21 Cent Cap on Swipe Fees

NACS calls Fed’s final rule “an irresponsible abdication of its legal duty.” The U.S. Federal Reserve’s final rules on debit card swipe fees “is an irresponsible abdication of its legal duty to implement the law as written,” said National Association of Convenience Stores (NACS) Senior Vice President of Government Relations Lyle Beckwith. The final rules

creditcards

Swipe Fee Fight Returns To Capital Hill

“We’re not looking for a free ride. What we’re looking for is fair and reasonable,” notes 7-Eleven Franchisee Dennis Lane. Thursday, Feb. 17, marks the eighth public hearing on debit and credit card swipe fees. The hearing, scheduled for 10 a.m. is set to be held in the House Subcommittee on Financial Institutions and Consumer

cardswipe

Consumer Credit Confidence Bounces Back

First Data’s SpendTrend analysis shows transaction growth on credit cards hit a 13-month high in January. First Data Corp., a global provider in electronic commerce and payment processing, has released its First Data SpendTrend analysis for the full month of January 2011 compared to January 2010. SpendTrend tracks same-store consumer spending by credit, signature debit,

Federal Ruling ’Positive Step’ in Swipe Fee Reform

The National Association of Convenience Stores (NACS) called the Dec. 16 release of the Federal Reserve’s proposed rulemaking related to debit card swipe fees a “positive step” and said it will continue to push for the reforms demanded by Congress and consumers alike. While no interchange fees should be allowed on debit transactions, the Fed’s

7-Eleven To Introduce ATM Advertising

Advertising is coming to ATMs in 7-Eleven stores. Cardtronics plans to launch advertising on approximately 2,200 of its Vcom financial kiosks located in 7-Eleven stores in the U.S., on the heels of offering third-party advertising on about 800 ATMs operated by Bank Machine, Cardtronics’ United Kingdom subsidiary. Cardtronics signed a multi-year agreement with i-design, the

Cardtronics Announces New Organizational Structure

Cardtronics Inc., a non-bank owner of ATMs, has announced a series of organizational changes designed to better align the company’s management structure with its key business and strategic initiatives. Effective immediately, the Cardtronic’s operations will be separated into two business units – “Network and Financial Services” and “ATM Services.” Rick Updyke will assume the role

Interchange Reform Continues

Now that the Durbin Amendment, part of the Wall Street reform bill, has been signed into law by President Obama, the industry continues to address issues related to interchange reform. Texas Petroleum Marketers and Convenience Store Association (TPCA) President Chris Newton noted the amendment was “an important first step” in dealing with the negative impacts

Kum & Go Fights Interchange Fees

Kum & Go, L.C. has collected more than 40,000 signatures from customers wanting to  control and reduce credit and debit card swipe (or interchange) fees put on customer transactions.  The signatures were collected in one month from all Kum & Go stores as part of NACS’ Fight Swipe Fees petition drive. “Kum & Go joined

Gaming Purchases Just Got Easier

7-Eleven Inc., the world’s largest convenience store chain, and Kwedit Inc., a provider of alternative payment systems, are making it easier for millions of online gamers to buy virtual goods in a game-changing “Play Now. Pay Later.” plan, announced today.   Americans who do not have credit or debit cards or who prefer to pay

Prepaid Sales Surging

Whether it’s phone cards, credit cards or prepaid gaming cards being promoted by 7-Eleven, prepaid sales are hot, and retailers would be wise to get in on the action. For example, c-store operators with a high number of ethnic customers could capitalize on the growing reloadable cell phone card market. The top destinations for overseas

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