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…
American Express Announces EMV Plans
First compliance deadline set for April 2013. American Express issuer is joining MasterCard, Visa and Discover in integrating EMV chip-based contact, contactless and mobile payments for its American Express-branded cards in the U.S., Contactless News Online reported. Merchants, processors and issuers of AmEx cards will need to comply with its requirements and deadlines: • April…
Valero To Acquire 29 Crackerbox Stores
“These stores are great assets and will complement our existing Corner Store network,” says CEO of Valero Retail. Valero Retail Holdings, a subsidiary of Valero Energy Corp., is purchasing 29 stores in the Little Rock and Hot Springs, Ark. areas from The Crackerbox Stores and converting them to Valero Corner Stores in the coming months.…
Restaurant Chains Challenging Retailers On Price
Technomic is updating its 2007 landmark study of the Retailer Meal Solutions segment to fit changing trends. Restaurants and retailers have a long history of competing over consumers’ share of stomach. That competition becomes particularly intense late in the day, when busy families must decide what’s for dinner. If money is tight, retailers often win…
PCI SSC Introduces QIR Certification Program
Council to provide training on secure installation of payment applications to support merchant PCI DSS compliance efforts. The PCI Security Standards Council (PCI SSC), a global, open industry standards body providing management of the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and the Payment Application Data Security Standard (PA-DSS),…
Core-Mark Announces Quarterly Cash Dividend
Core-Mark Holding Co. Inc.’s Board of Directors has declared a quarterly cash dividend of $0.17 per common share. The dividend is payable on June 15, 2012 to shareholders of record as of the close of business on May 25, 2012. Core-Mark is one of the largest marketers of fresh and broad-line supply solutions to the…
NRF Appoints Davis SVP, Executive Director
“With her deep understanding of retail and consumer trends, her love of our industry and her strategic communications background, Ellen is the perfect candidate to re-imagine the possibilities for our Foundation,” says NRF CEO. The National Retail Federation announced today that Ellen Davis has been named senior vice president and executive director of the NRF…
Mac’s Convenience Stores Using Social Media to Thwart Crime
Mac’s Convenience Stores has added social media to its crime prevention tactics in its Canadian convenience stores. Mac’s Stores inCentral Canadahave developed an innovative approach to augment its formidable crime prevention measures by using social media to help identify criminals through Facebook and Twitter. According to The Chronicle-Journal, Mac’s will use these social media outlets…
RaceTrac Leverages Projectmates Construction Management Software
RaceTrac selects Projectmates for its flexibility, suite of business process workflows, and vast experience in the retail industry. RaceTrac convenience stores is leveraging Projectmates construction management software for its rapid expansion campaign. RaceTrac, which operates 320 retail gasoline convenience stores in five Southeastern states, is just one of the newest retail clients to adopt Projectmates—developed…
Core-Mark Announces Quarterly Cash Dividend
Dividend is payable on March 15. Core-Mark Holding Co. Inc., one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America, announced today, Feb. 3, that its Board of Directors has declared a quarterly cash dividend of $0.17 per common share. The dividend is payable on March…