More On Data Breaches at Dairy Queen and K-Mart

We didn’t report any new data breaches last week and hoped that we have finally solved that problem, but unfortunately, there’s more news on the subject this week.  First, another franchised concept admitted that customer data had been breached in hundreds of their stores early this month when Dairy Queen reported that almost 400 of…

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Data Breach Hits Jimmy John’s

Just when maybe you thought it might be safe to not worry about data breaches, we have to report yet another – this time hitting a franchise business. Jimmy Johns Sandwich chain had at least 216 of their locations compromised when hackers attacked the chain’s computer systems.  At the risk of “beating a dead horse”,…

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Home Depot Scoreboard Hits $62 Million

It is now estimated that the data breach at Home Depot discovered earlier this month will end up costing the home improvement giant as much as $62 million!  The company this week reported they had identified the malware responsible for the breech and that the personal information of some 56 million customers had been compromised.  Sadly,…

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21-Cent Debit Swipe Fee Upheld by Federal Appeals Court

 The US Appeals Court for the District of Columbia last week issued a 38 page decision upholding a Federal Reserve 2011 compromise which placed a 21 cent fee on debit swipes.  The fee replaced the previous 44-cent swipe fee and resulted from the 2010 Dodd-Frank Consumer Protection and Wall Street Reform law.

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Franchisees Could Receive Money from Interchange Fee Settlement

In what was billed as the largest private antitrust settlement in American history, credit card giants Visa and MasterCard have agreed to a $5.7 billion dollar settlement to a class action lawsuit brought by retailers who claimed the companies conspired to fix the interchange fees retailers are charged when customers pay with credit cards. The…

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Swipe Fee Settlement

We again remind our members and other Dunkin’ franchisees that the $5.7 Billion settlement between VISA and MasterCard and a number of merchant and trade organizations has been finalized by the US District Court.  The settlement stems from a 2005 class action lawsuit against the credit card giants on behalf of merchants regarding non-negotiable credit…

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Swipe Fee Settlement Finalized

Speaking of the CFA, we received a notice from them this week advising that the $5.7 Billion settlement between VISA and MasterCard and a number of merchant and trade organizations has been finalized by the US District Court.  The settlement stems from a 2005 class action lawsuit against the credit card giants on behalf of…

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Swipe Fees In The News Again

In the latest round in the Swipe Fee settlement case, a federal judge ruled this week that banks and credit card companies had charged “inappropriately” inflated fees for debit cards in retail transactions.  In his ruling, Judge Richard Leon said the Fed set swipe fees that yielded “billions of dollars” more than Congress intended when…

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A virtual cup of coffee with DDIFO Executive Director Ed Shanahan

June 8th, 2013 – Fair Franchising, Tax Reform, Swipe Fees

Inequities in Franchise Relationship Are A Global Issue – Over the course of the past few weeks, we’ve reported on efforts to enact “fair franchising” legislation in Maine, California and Massachusetts.  Notwithstanding arguments by the IFA and others that infusing a more equitable balance into the franchise relationship would be devastating, the “land down under” now weighs…

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