Visa has announced a three-year postponement of the liability shift date for self-serve gas pumps to be certified to process smart chip card transactions. Instead of the original date of Oct. 1, 2017, it is now Oct. 1, 2020, according to an announcement on Visa's website.
The company acknowledged that "five years after announcing our liability shift, there are still issues with a sufficient supply of regulatory-compliant EMV [Europay MasterCard Visa-standard] hardware and software to enable most upgrades by 2017." Stating that "fraud rates at fuel pumps are relatively low -- approximately 1.3 percent of total U.S. payment fraud," the company explained that it is moving the liability shift date and that, "We believe we have reached a balanced conclusion for providing needed, additional time to merchants while continuing to push forward with the migration to chip." Visa said it will monitor payment trends at the pump to help gas-station operators and card-issuing banks prevent fraud during the interim period.
The decision to delay the deadline is the second time in a month that Visa has announced moves to appease relationships with merchants after years of tension between the two groups fueled by arguments over fees. Last week, the firm said t would revise its rules for using the new chip technology for debit-card transactions after some retailers claimed the requirements inhibited competition.
For Immediate Release: November 15, 2015
With Florida’s economy continuing to strengthen and more residents and tourists feeling good about their own economic situation and willing to spend money, the holiday shopping season looks bright for retailers
TALLAHASSEE, FL – The Florida Retail Federation (FRF), the state’s premier trade association representing retailers for over 75 years, announced today that the upcoming shopping season looks very bright for Florida’s retailers, thanks to the strength of the state’s economy and increased confidence among consumers. FRF is predicting a 4 percent increase in sales for Sunshine State retailers, which is expected to outpace the national average of between 3.3-3.5 percent.
“Florida’s economy remains strong, unemployment is at a 9-year low, housing remains hot and 100 million extra shoppers in the form of tourists are expected again, which should lead to a successful holiday shopping season for our 270,000 retailers statewide,” said President/CEO Randy Miller. “Smart and savvy retailers will seize on this positive momentum by incorporating discounts, sales and other perks to stand out from the crowd this season.”
Back in September, the Florida Department of Environmental Protection (DEP) issued an emergency rule that would require businesses responsible for instances of pollution to notify the state and the public about those instances on an expedited timeline. Under the emergency rule, notification is required to the DEP and to local government officials and the media.
DEP is now in the process of passing a final rule to address pollution notification. Below is the revised proposed rule:
Positive changes have been made to the rule. The rule is now more clear about what amounts of pollutants trigger the notification requirements. But the rule still raises concerns about the cost to business and the potential for ineffective and inaccurate information being shared with the public. We believe the DEP should be the central clearinghouse for the notification of pollution.
We are submitting our comments to the DEP to encourage further changes to the rule. Please share this rule within your companies and let us know what concerns you have. If you have real-life examples regarding how this could negatively impact your business, please share those with us so that we can educate the DEP about the impact of this rule.
Comments will only be received by the state agency up until 5:00 pm on Wednesday, November 9, so please get back with us as soon as you are able. We appreciate your input.
Retailers love to talk about “Millennials” — but how successfully are they reaching this consumer group, and what can brands do to target young consumers more effectively? At Retail’s Digital Summit, Gabbi Baker of OgilvyOne Worldwide and PricewaterhouseCoopers’ Hunter Thomas — both Millennials themselves — went “beyond the meme” to offer proven tactics for engaging younger shoppers.
Although broadly defined as consumers aged 18-34, the Millennial group encompasses many different personas, all of which retailers need to address. From mavens (Millennial moms) to skeptics, one message definitely does not fit all. Therefore, retailers need to focus on what potential customers who fall into this bracket want from their shopping experiences, and tailor their offerings accordingly.
Baker and Thomas waded through mountains of research on the Millennial generation (much of which is contradictory) and drew on their own opinions to outline five things Millennials expect from retailers: read more
The retail industry saw an increase of 10,000 jobs in September over August, according to calculations released today by the National Retail Federation, which excludes automobile dealers, gasoline stations and restaurants. The gains came as the Labor Department announced that the U.S. economy overall gained 156,000 jobs.
“What we saw in September were very decent gains that reflect the general conditions of the economy and our expectations of a strong second half of 2016,” NRF Chief Economist Jack Kleinhenz said. “With modest gains spread across key business categories including, clothing, electronics and furniture, what we’re seeing is reasonable when taking into consideration the economy is in the range of full employment.”
On a three-month-average, retail jobs as calculated by NRF have increased by 11,000 positions over last year. On a year-over-year basis, retail jobs have increased by 194,000 positions. read more
WASHINGTON – October is expected to be the second-busiest month of the year for the nation’s major retail container ports as merchants stock up for the holiday shopping season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
“The holidays are nearly here, and from warehouses to store shelves, retailers are making sure they have the merchandise on hand to meet consumers’ demands,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “November and December are the busiest time for holiday shopping, but this is the month for the behind-the-scenes supply chain work that ensures shoppers will find what they want, where they want it, when they want it.”
Ports covered by Global Port Tracker handled 1.71 million Twenty-Foot Equivalent Units in August, the latest month for which after-the-fact numbers are available. That was up 5 percent from July and up 1.7 percent from August 2015, and has been the busiest month of the year so far. One TEU is one 20-foot-long cargo container or its equivalent.
Volume dipped in September to an estimated 1.64 million TEU but was still up 0.9 percent from last year. October is forecast at 1.65 million TEU, up 6 percent from last year; November at 1.54 million TEU, up 3.9 percent, and December at 1.48 million TEU, up 3.4 percent. read more
Today, Governor Rick Scott activated Florida’s Small Business Emergency Bridge Loan Program to support small businesses impacted by Hurricane Matthew. The bridge loan program, managed by the Florida Department of Economic Opportunity (DEO), will provide short-term, interest-free loans to small businesses that experienced physical or economic damage during the storm and recovery efforts. The application period is from today through November 11, 2016.
DEO is currently surveying businesses in the affected counties. To access the business survey, please go to flvbeoc.org/index.php?action=bda and select “Hurricane Matthew” from the drop-down menu.
DEO administers the Florida Small Business Emergency Bridge Loan Program to provide an expedient cash flow to businesses damaged by a disaster. The short-term, interest-free loans help bridge the gap between the time damage is incurred and when a business secures other financial resources, including payment of insurance claims or longer-term loans. Up to $10 million has been allocated for the program.
Owners of small businesses with two to 100 employees located in 67 counties affected by Hurricane Matthew can apply for short-term loans for up to $25,000. Loans are granted in terms of 90 or 180 days and are interest-free for that time period. To be eligible, a business must have been established prior to October 3, 2016, and demonstrate economic or physical damage as a result of Hurricane Matthew.
To complete an application by the Nov. 11 deadline, or for more information on the program, visit www.floridadisasterloan.org. For questions regarding the Emergency Bridge Loan Program, contact the Florida Small Business Development Center Network state office at 850-898-3489.
Governor Rick Scott today signed Executive Order 16-230 declaring a state of emergency for every Florida county due to the severity and magnitude of Hurricane Matthew.
Governor Scott said, “Hurricane Matthew is a life-threatening category four hurricane and we must all take it seriously. If Hurricane Matthew directly impacts Florida, there could be massive destruction which we haven’t seen since Hurricane Andrew devastated Miami-Dade County in 1992. That is why we cannot delay and must prepare for direct impact now. Today, I signed an Executive Order declaring a State of Emergency in every Florida county to ensure we have resources for evacuations, sheltering and other logistical needs across our state. We are preparing for the worst, but hoping for the best and we will not take any chances to ensure our state is prepared."
FRF and FPMA will remain in constant contact with Governor Scott's office as well as the Division of Emergency Management for all pre-or post-Hurricane coordination efforts. We will continue to pass along any information pertaining to this hurricane going forward.
Please note that because an emergency has been declared that emergency pricing restrictions are in effect.