Flat fee above actual costs enables merchants to reduce one of their largest variable expenses. Incom Direct, a national broker and specialized provider of credit card transaction and related services for merchants and other businesses, has instituted a fully transparent, flat fee above actual costs pricing program for credit card transactions. Credit card transaction costs,…
Epay, PayPal Collaborate To Offer Digital Gift Codes
“We look forward to extending our relationship with PayPal to include more digital gift card brands in more countries in the coming months,” says president of Euronet Worldwide Inc. epay, a division of Euronet Worldwide Inc. and a global prepaid product provider, distribution network and payments processor, has announced the availability of epay-provided digital gift…
RGIS and Retail Control Group Announce Partnership
Companies combine resources to provide expert physical inventory and shrink reduction best practices. RGIS LLC, the market leader in physical inventory services, and Retail Control Group (RCG), the industry’s leading store operations and shrink control consultancy, announced a new partnership to provide profit improvement services to the retail industry. For more than 25 years, the…
Rutter’s Ends the Year With Recognition Ceremony
Toy drive collects 200 toys for Salvation Army of York and Mont Alto Fire Co. Rutter’s manager and guests of honor gathered together to round out another year of dedication and hard work with a ceremony to recognize the employees of the year. Most of the evening was dedicated to celebrating and rewarding the excellent…
Target Rocked By Credit Card Breach
Retail giant breached over Black Friday weekend. Target Corp. has confirmed a data breach that may have affected about 40 million customer credit card and debit card accounts between Nov. 27 and Dec. 15, which included Black Friday weekend, one of the biggest shopping times of the year. The breach occurred on a national level…
TravelCenters Completes Minit Mart Purchase
The 31 locations are set to keep the same convenience store banner post acquisition. TravelCenters of America LLC has closed on its purchase of 31 Minit Mart convenience stores with gas stations for $67.9 million, the Associated Press reported. This week the company noted that it plans to continue operating the stores under the “Minit…
Pro Reps To Represent Server Products In Southern California
“I am confident this new strategic business relationship will create value for all our customers in Southern California,” says Server Products’ director of sales & marketing. Effective Jan. 1, 2014, Pro Reps will be Server Products’ professional representation to the foodservice industry in Southern California. With 12 outside sales people and 10 more support staff…
Hershey To Acquire Majority Share of Shanghai Golden Monkey Food Co.
“The agreement between Hershey and Shanghai Golden Monkey is a win for both companies,” says CEO of The Hershey Co. The Hershey Co. announced that its wholly-owned subsidiary, Hershey Netherlands B.V., has signed an agreement to acquire 80% of the iconic Shanghai Golden Monkey Food Joint Stock Co. Ltd. (SGM), a privately held confectionery company…
7-Eleven Introduces Gifts For Millennials
From toys to tech, 7-Eleven targets Gen Y gift givers and receivers with pop culture, gadgets, games and gift cards. The holidays are full of surprises, and 7-Eleven stores’ variety of gift options this season is a pleasant one. To appeal to Gen Y, or millennial-age, (born between 1980 and 2000) shoppers, the retailer’s selection…
Susser Announces $150 Million Increase In Revolving Credit Facility
“This increase provides added capacity as we plan for future growth,” says CEO of Susser Petroleum Partners. Susser Petroleum Partners LP (SUSP), a wholesale distributor of motor fuels, announced that it increased the aggregate lender commitments under its revolving credit facility by $150 million to a total of $400 million. SUSP retains the ability to…