New Seminar Set For Dallas
August 20th & 21st
Popularity: 7% [?]
Federal Government Eases Regulations on E-Receipts Requirements
The Federal Reserve Board’s recent decision to modify its Regulation E and eliminate the requirement to provide a receipt for debit purchases under $15 will benefit both consumers and merchants by making smaller transactions quicker and more cost effective, according to the director of the Smart Card Alliance, Randy Vanderhoof.”Contactless payment adoption at quick service retail stores in the United States took off in part as a result of the payments industry rule changes that waived the requirement of signatures for credit card transactions under $25,” said Randy Vanderhoof, executive director of the Smart Card Alliance. “The Federal Reserve Board ruling will be the start of another wave of locations where consumers can choose payment options other than cash or prepaid tokens or tickets at unmanned machines that demand low-cost, speedy transactions for operators.”
Previously, Regulation E required that a paper receipt be made available to consumers for all EFT and debit card transactions conducted in physical environments, including even those unattended areas like transit, parking and vending machines, where consumers may not expect a receipt. In many of these environments, the cost and operational challenges of receipt printing has limited the deployment of card acceptance terminals. The new rule, effective August 6, 2007, eliminates the receipt requirement for transactions of $15 or less.
Quick-service restaurants, convenience stores and event concessionaires along with vending, parking, and transit operators will all benefit from the Fed’s action on Regulation E, according to Vanderhoof. And the opportunity is significant: parking, vending and coin-operated machines alone represent $37 billion in annual spending, according to a report from the Federal Reserve Bank of Philadelphia.
Contactless payment already has great momentum in the United States. Leading banks are issuing millions of contactless credit and debit cards to consumers, and many leading retailers now accept them nationwide. The U.S. transportation industry also has contactless credit and debit card pilots in a number of locations, including transit systems in New York City and Salt Lake City, Utah and on the Ohio Turnpike.
Popularity: 16% [?]
More Proof That Environment Makes A Difference
Seth posts about an NEJM article that says obesity can be contagious - just like the flu! You can read about it in this article from the LA Times.
Could we drill a little deeper and say that the culture you want to exist in your business - or your life - can be realized by simply practicing the right values and behaviors, thereby making them “contagious” to your staff, friends or family too?
Dare we think about the possibilities that could be realized just by acting our way into a better way of life? So now how important is it to hang out with winners - and surround yourself with them too in your business - and jettison those in your life - and your business - that have no business being there in the first place?
If you haven’t read Malcom Gladwell’s “The Tipping Point“ , you should do so.
Popularity: 15% [?]
Great SlideShare From Andy
[slideshare id=78267&doc=how-to-create-devoted-customers1146&w=425]
Popularity: 6% [?]
New Labor Laws Go Into Effect July24th
As of July 24th 2007 every employer in the country at all locations need to have posted the new poster on the new minimum wage.
You may order these posters from a number of different suppliers or download them free from the following sites:
http://www.dol.gov/osbp/sbrefa/poster/main.htm
http://www.dol.gov/elaws/asp/posters/posters.htm
http://www.dol.gov/osbp/sbrefa/poster/matrix.htm
Find state-specific poster links at: http://www.dol.gov/osbp/statemap.htmNumber of poster required by states differ from as few as 4 to as many as 12.
Federal laws require postings on these laws by employers covered by the specific laws:
· Fair Labor Standards Act (the minimum wage).
· Family and Medical Leave Act (FMLA).
· Job Safety & Health Protection (OSHA).
· Equal Employment Opportunity Act (anti-discrimination/anti-harassment).
· Notice to Employees with Disabilities.
· Uniformed Services Employment and Reemployment Rights Act (military-leave rights).
· Employee Polygraph Protection Act.
· Migrant and Seasonal Agricultural Workers Protection Act.
Federal contractors have additional required postings on these laws, topics:
· The Davis-Bacon Act (government construction).
· Equal Employment Opportunity.
· Beck Poster: Notice of Employee Rights Concerning Payment of Union Dues.
· The Service Contract Act.
Popularity: 16% [?]
