Judge Throws Out Amex Settlement With Merchants

The United States Court of Appeals for the Second Circuit upheld the $5.6 billion swipe fee settlement deal as part of the long-running class-action lawsuit regarding interchange fees charged by […]

Today’s customers want choice in all things, from the products they buy to how they pay for them, and thousands of drivers and fleets are turning to alternative payment methods for fuel. Several new fintech companies have entered the fuel payment arena, giving owners and operators access to discounts they haven’t had access to before.

Tony Spuzello, director, commercial fuels, Casey’s General Stores Inc. joined NATSO's podcast to share what they are doing to revamp and boost their commercial payment acceptance.

In a letter addressed to Secretary Yellen, NATSO urged the Department of the Treasury to “raise public awareness of this coin circulation slowdown and the need to get coin moving in the economy.”

The deadline for the installation of EMV readers at fuel dispenser stations takes place on April 17, and the liability shift could have significant consequences for fuel retailers who aren’t EMV compliant.

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Jack Hogan, Director of Strategic Partnerships with Mashgin, joins the podcast to talk about technology in the augmented checkout space.

Credit cards are now being issued with an EMV chip, and business owners across the country have updated their point-of-sale systems to accommodate chip cards. The first point-of-sale requirements took effect in 2015, but another deadline is on the horizon—the EMV liability shift—and it will affect retailers.

Podcast guest Dan Witkemper, Director, North America Payment at Gilbarco Veeder-Root, tells us what truckstops and travel centers should know about EMV chip technology to ensure they're ready by the 2020 deadline.

Credit cards are now being issued with a small chip (called the EMV chip), and business owners across the country have had to update their point-of-sale systems to accommodate chip cards. The first point-of-sale requirements took effect in 2015, but another deadline is on the horizon. Fuel retailers have until Oct. 1, 2020, to install EMV chip-card readers at automated fuel dispensers. Here’s what you should know about EMV chip technology to ensure you’re ready by the 2020 deadline.

A federal Court has preliminarily approved a proposed settlement of a maximum of approximately $6.24 billion and a minimum of at least $5.54 billion in a class action lawsuit, called In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, MDL 1720 (MKB) (JO). The lawsuit is about claims that merchants paid excessive fees to accept Visa and Mastercard cards because Visa and Mastercard, individually, and together with their respective member banks, violated the antitrust laws. A number of NATSO members who may be a part of this class have sought guidance as to how this process will proceed and what steps they should take as part of this process.

NATSO recently joined a number of other consumer-facing retail trade associations in sending a letter to lawmakers articulating retailers' top principles for any legislation affecting the protection of consumer data privacy. The letter urges Congress to establish a single, uniform, nationwide data privacy law. "Our members have no higher priority than relationships with their customers," the letter states. "To comprehensively protect Americans, any federal data privacy legislation should apply to all industry sectors . . . .All of the companies involved in handling that chain of data should have legal obligations to properly guard it under privacy law, and the law should not solely rely on private contracts to create those legal obligations."