Federal District Judge Richard Arcara temporarily ordered that the Prevent All Cigarette Trafficking Act (PACT Act), a new law that disallows cigarettes to be shipped via the mail-which was set to go into effect yesterday-to be placed on hold, the Associated Press reported. A Seneca Indian Nation tobacco business owner asked for the restraining order…
Swipe Fee Reform Faces Crucial Vote
The National Association of Convenience Stores (NACS) is urging retailers to contact legislators one more time as the financial reform bill, which contains the swipe fee amendment, goes to a vote. Last week, House and Senate financial services reform negotiators agreed to finalize the financial bill with the swipe fee reforms included. Now, both the…
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…
Swipe Fee Reform Advances
The U.S. House of Representatives and Senate negotiators have sided with retailers, reaching an agreement to include swipe fee reform provisions in the final financial services reform bill that is now on its way to Congress for a final vote. The provisions, known as the Durbin Amendment after the author, Senator Richard Durbin (D-IL), is…
Agreement Reached On Interchange
Assistant Senate Majority Leader Dick Durbin (D-IL) and key conferees have reached an agreement on the Wall Street reform bill, regarding his amendment regulating interchange fees, NACS reported. The agreement makes minor, clarifying changes to the language, which passed the Senate 64 to 33 on May 13, and responds to concerns raised by state governments…
Swipe Fee Debate Builds
In a letter dated June 16, Representative Debbie Wasserman Schultz (D-FL) and 130 other members of Congress outline their concerns with the Durbin Amendment that gives retailers and consumers relief from outrageous swipe fees, NACS reported. They cite the benefits that all users of electronic payments systems receive and the “lack of Congressional review” of…
CSD Presents the Foodservice Webcast Series
As competition heats up and consumers adjust their away-from-home consumption habits it’s critical to continuously refine your programs and strategies in order to drive profitable and sustainable growth. For the third consecutive year, Convenience Store Decisions, is proud to offer its FREE two-part Foodservice Webcast Series. Part II: June 17, 2010 2:00 PM EDT Foodservice…
Are You Up To Speed On Tobacco Requirements?
On June 22, the U.S. Food and Drug Administration (FDA) will begin enforcing new requirements on tobacco products, a move that will impact retailers across the country. To help retailers navigate the new rules, NACS will hold its second Webinar focusing on the latest round of requirements on tobacco products implemented by FDA. The Webinar…
A Rocky Ride for RYO
Proper Handling Quality counts—especially with tobacco, something c-store operators had better keep in mind. Kevin Paige, owner of three Butthead’s Tobacco Emporiums in Danbury, Conn., said he is trying to distance himself from the c-store channel when it comes to tobacco. “Although I operated my own c-stores for over 20 years, I don’t think 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…