Keep Cash Flowing

  Cash Solutions is offering a free equipment promotion to retailers opening a merchant account that could attract more customers by allowing them to accept Visa and MasterCards. The new VeriFone Omni 3740 is shipped to a retailer programmed and ready to use, with all the processing capabilities needed for a compact point-of-sale terminal with

Financial Reform Faces Crucial Vote

As the House and Senate prepare to vote on the financial reform bill—containing the Durbin amendment on interchange fees—this week, NACS’ message to retailers is that the battle is far from won. Three hurdles remain: passing the House, passing the Senate and getting signed into law by President Obama. “Until all three happen, actually, until

Love’s Adds TCH Fuel Cards

Love’s Travel Stops & Country Stores Inc., which operates 200 stores in 30 states, now is accepting of TCH payment products at its locations effective June 16, 2010. “Love’s is pleased to make available our travel stop locations to TCH cardholders. Our growing network of facilities will offer these fleets and professional drivers another competitive

Deadline Day is Here

A baker puts two muffins in an oven. The first muffin turns to the other and says, “Boy it’s hot in here.” The second muffin screams, “Yikes, a talking muffin.” Hopefully convenience store chains are not nearly this surprised when it comes to this month’s PCI deadlines. However, at the NACStech conference in April, several

Keeping C-Stores Secure

When he thinks of PCI compliance, Ed Freels, director of information systems for Honey Farms Inc. recalls an old t-shirt slogan from the 1970s, “It showed the AC130 gun ship from the Vietnam era and it said, ‘You can run, but you’ll just die tired,’ and PCI compliance is no different. The most dangerous merchant

Marathon Oil Implements Visa ReadyLink

Visa Inc. and Marathon Oil Corporation are rolling out Visa ReadyLink—Visa’s prepaid reload network—in 4,000 Marathon Brand retail stations. To date the service has rolled out to approximately 2,000 locations, with the remainder expected to be active by the end of 2010. Marathon markets through approximately 4,600 branded locations in 18 states in the Midwest

Associations Endorse Swipe Fee Amendment

In a letter addressed to all members of the U.S. Senate, 134 trade associations endorsed an amendment (S. Amdt. 3932) to the Restoring American Financial Stability Act of 2010 sponsored by Senate Majority Whip Richard Durbin (D-IL) that will address excessive debit card swipe fees and the anti-competitive practices of credit card companies and the

New Interchange Amendment Needs Retailer Attention

More than 170 amendments have been filed to the financial regulatory reform bill now before the Senate, and to expedite the process, Majority Leader Harry Reid (D-NV) has asked senators to consolidate their amendments, NACS reported. On Monday night, Senate Majority Whip Richard Durbin (D-IL) filed a new amendment (#3932), merging the main provisions of

Embracing Automated Cash Control

More convenience store operators are phasing out their drop safes and replacing them with sophisticated cash management systems that perform a variety of functions more easily and quickly than ever before. One of those is the linking of computer networks for easier access to information throughout the organization. In doing so, cash shrinkage due to

Vermont State Offers Amendment on Interchange Fees

The state of Vermont is proposing an amendment to S. 138 being introduced today in the Vermont Senate. This amendment would allow merchants to set minimum and maximum transaction amounts for all debit, credit and charge card transactions, permitting them to reject a customer’s card. The Electronic Payments Coalition has spoken out against the amendment

nFinanSe Announces Fee Reductions

nFinanSe Inc., a reloadable prepaid card provider, is reducing its fees to cardholders for ATM withdrawals and also for electronic bill pay transactions. The company believes that these reductions will encourage greater trial and usage of its Visa and Discover Reloadable Prepaid Cards and promote greater retention among cardholders. The company stated that it is

Realizing Prepaid’s Potential

The major prepaid areas c-store retailers are going to want to watch over the next year are general purpose reloadable cards (GPR), both open and closed loop gift cards, and cards for digital media, game and ring tones. The economy especially has spurred the growth of GPR products. “You’re going to see more folks buying

Wilson Farms Adds ACH Debit Card with Multiple Rewards

Wilson Farms has introduced a combination ACH debit and loyalty card to their customers in the Batavia, N.Y. market. The Red Hot Rewards Card allows Wilson Farms’ customers to earn free and discounted products as well as 5% cash back on both fuel and non-fuel purchases and earn rewards every time they shop with Wilson

TransFS Launches Credit Card Processor Directory

Transparent Financial Services (TransFS.com), a marketplace for businesses seeking financial services, has launched the TransFS Credit Card Processor Directory, the first comprehensive Web site through which businesses can research, rate and review credit card processors. In the past, researching the quality of a new credit card processor required a business owner to conduct hours of

Loblaw Upgrades Fuel Dispensers

Toronto-based Loblaw Companies Limited is upgrading more than 750 fuel dispensers at 200 locations across Canada with Gilbarco’s FlexPay EMV CRIND Card Reader in Dispenser. The new CRIND complies with EuroPay MasterCard Visa (EMV) payment system requirements, as it handles “chip and PIN” debit and credit cards. “Gilbarco has been our preferred dispenser supplier for

Targeting Customers with Prepaid

TOP PERFORMERS PaySpot (dba epay) Coinstar HONORABLE MENTIONS Incomm First Data Prepaid services are changing the way customers do business. Low-income families, unbanked and underbanked customers, students, those with poor credit and customers that spend much of their time on the road are among those taking advantage of prepaid debit cards and bill services that

Protecting the Perimeter

Look no further than recent headlines to learn about payment security breaches and PIN pad tampering incidents involving merchants of all sizes. Sophisticated criminal organizations are targeting retailers and obtaining compromised account data with more regularity. Whether it’s fair or not, the fault of these attacks is increasingly being placed squarely on the shoulders of

Cultivating Loyal Customers

Savvy c-store operators are using customer loyalty/scan-data-analysis programs to improve merchandise planning, forecasting and point-of-sale (POS) data management, and to provide a technology platform for long-term growth. When done well, the inevitable result is to empower store personnel to react quickly, make more informed decisions and improve cost effectiveness, so they can simplify customers’ lives.

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