Representatives Jason Chaffetz (R-Utah) and Bill Owens (D-N.Y.) are introducing legislation in the U.S. House to repeal the Durbin Amendment, the debit-card interchange fee regulation in the Dodd-Frank Wall Street Reform & Consumer Protection Act. In comes H.R. 3156.H.R. 3156 is the latest attempt to repeal swipe fee reforms which recently went into effect on October 1, 2011 to the benefit of Main Street merchants and consumers. The swipe free reform places a cap on per-transaction swipe fees that banks charge retailers when purchases are made via debit cards. The old fee was approximately 44 cents per transaction. The amendment limits this to about 21 cents per transaction. The legislation would cost consumers more than $6 billion a year in savings that merchants plan to pass along to their customers, the National Retail Federation (NRF) said. “This misguided legislation would take billions of dollars in savings away from American consumers,” added Duncan, chairman of the Merchants Payments Coalition (MPC) and senior vice president and general counsel of the NRF. “The banks tried to stop this law from being passed, they tried to delay it once it was passed, and they managed to water down the amount merchants and consumers will save. Now that it’s just barely taken effect, they are trying to repeal it before anyone can benefit. Congress needs to stop doing the bidding of the banks and think about the people who paid for the bank bailout not so long ago–consumers and Main Street merchants.” N.G.A. President and CEO Peter Larkin wrote Members of Congress recently urging opposition to this misguided legislation and urges those concerned to contact their Representatives.

Sources:
CSP Daily News, Bill Would Repeal Swipe-Fee Reform, Oct. 13 2011
 http://www.cspnet.com/news/services/articles/bill-would-repeal-swipe-fee-reform

National Grocers Association

www.nationalgrocers.org/

Coming Soon : DCR Marketplace – Order supplies instantly online such as printer ribbon, printer paper and mag cards!

All DCR paper and ribbon products meet or exceed all manufacturers’ specifications! What specifications? Ribbon and paper are just ribbon and paper, right?

Wrong! If you use inferior products you shorten the life of the printer. These same inferior products can lead to down time at your busiest times of day! While DCR can not promise you no more printer failures, we can assure you that when using our products your printers are operating with products designed and tested to give you top quality and long life in your printers.

If you do not presently use DCR paper and ribbon products why not give us a try? In addition to superior quality, there are discounts on most products when buying volume. How about our everyday savings of $1.50 from our standard price on each ribbon if you buy 12 or more? Discounts on cases of paper are also available.

Check back soon!

Slip and fall scams are becoming more frequent and can cost a business thousands. A few lucky business owners facing such scams were able to fight the claim because they had surveillance cameras.  By using the video footage from the cameras, investigators can witness the incident and usually spot any foul play such staging a fall.

Protect your business from losing thousands, possibly even hundreds of thousands, by installing a surveillance system today! While your at it, chose a system that can seamlessly integrate into your point of sale system giving you even more control over theft, avoiding bad checks, slip and falls and more! Click here to read more information on DCR’s integrated surveillance systems or contact us to schedule a free, no obligation consultation.

Click Here to watch the whole story from CBS News.