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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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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7-Eleven Franchisees Descend On Hill To Battle Credit Card Swipe Fees

Ryan Grim writes at the Huffington Post that Navdeep Bassi is tired of sending money to Wall Street for nothing. Over the past year, the owner of four 7-Elevens in Orange County, California, has been haranguing his customers about the swipe fees he is forced to pay big banks and major credit card companies, asking them to sign a petition in opposition to the fees.

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Tell Congress to Preserve the Durbin “Swipe Fees” Fix

In a major victory for retailers, last month the U.S. Senate took action that will greatly reduce the excessive “swipe fees” you pay on debit card transactions. This critical amendment to the Financial Regulatory Reform package was not included in the legislation passed earlier by the U.S. House of Representatives. It is critically important that you contact your member of Congress and ask that they support fixing “swipe fees” in the U.S. House of Representatives!

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Congress Mulls Fee Cut on Credit Card Transactions

Mark Calvey reports in the San Francisco Business Times that Visa Inc. and its banking clients who rely on the San Francisco company’s payment network to handle card transactions are fighting lawmakers on yet another front: the fees merchants pay to process a card transaction. Three bills in Congress would limit so-called interchange fees when banking issues are the hot topic.

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