Automatic Merchandiser serves the business management, marketing, technology and product information needs of its readers including vending operators, coffee service operators, product brokers, and product and equipment distributors in print.
Issue link: http://automaticmerchandiser.epubxp.com/i/164682
VendingMarketWatch Top News Stories Judge rejects Durbin amendment cap on debit-card fees U.S. District Judge Richard Leon rejected the Durbin Amendment, which approved a 21-cent limit on swipe fees in October 2011, according to PYMNTS. The judge said the federal government didn't have the authority to set the 21-cent cap on debit card fees and disregarded Congress's statutory intent by inappropriately infating all debit card transaction fees…" NAMA SUPPORTS RULING The 21-cent cap on debit card swap fees has been overruled, but feds are appealing the decision. NAMA reacted with cautious optimism to the recent ruling. "While this is a positive development for the industry, it is likely not a fnal decision and it does not change debit card transaction fees at this time," said Eric Dell, NAMA's senior vice president of government affairs, in a prepared statement. This case could take months or years to be resolved, Dell cautioned. A recent report stated that the attorneys of the Federal Reserve vowed to appeal the ruling and wanted the cap to remain until the appeals court has made a decision. in Wilmington, Mass., has partnered with Three Square Market to distribute the Three Square Market micro markets. Vendtek introduces micro markets validators. In return, the operators can receive savings towards the purchase of CASHFLOW AE Series validators and MEI will recycle the electronic components of the turned-in validators. Three Square Market picks new distributor ▶ Technivend, Inc., based 10 Automatic Merchandiser ALTERRA changes name to COLECTIVO ▶ Milwaukee, Wis.'s ALTERRA Coffee Roasters Inc. has announced it is renaming itself COLECTIVO™ COFFEE. All cafe, wholesale and retail business which have been known as ALTERRA Coffee Roasters will now be known as COLECTIVO. ALTERRA® coffee will still be available to offces through the Mars Drinks single-serve system. Arrest made in violent vending crime ▶ Vendtek Wholesale Equipment in Wixom, Mich., launched a new micro market — Market Fresh Systems — at its open house in August. Vendtek will distribute the Market Fresh Systems throughout the Midwest. action against former Green Mountain Coffee Roasters, Inc. (GMCR) employee Chad McGinnis, and others outside the company, alleging insider trading in the stock of GMCR. GMCR is cooperating fully with the government's investigation. McGinnis was a manager-level member of the company's IT department and has been terminated for violations of the company's insider trading policy. There has been no allegation of wrongdoing on behalf of the company. ▶ Police arrested the man MEI lauches validator trade-in program ▶ MEI announces an eco- friendly "Trade, Upgrade, Save" initiative where vending operators can trade-in retired or non-working bill VendingMarketWatch.com Ex-GMCR employee investigated for insider trading ▶ The Securities and Exchange Commission (SEC) has fled a civil enforcement September 2013 believed responsible for the 1999 brutal attack of Mark Raiffe and another employee at Raiffe Vending in St. Louis, Mo., according to the KSDK news. The suspect, a 37 year old male, has been charged with frst-degree murder, as Mark Raiffe died of his injuries, robbery, assault and armed.