WHITE HOUSE WANTS EMV CHIP-AND-PIN
Last Friday, President Obama signed an executive order
announcing a program called, “Buy Secure,” which expands and
expedites the use of secure “Europay MasterCard Visa” (EMV)
chip-and-pin technology for federal government credit and
debit cards. It also applies to federal facilities to accept
chip and PIN-enabled cards at retail terminals. PIN
technology is 700 percent more secure than transactions that
only use a signature as verification. The EMV microchip on
payment cards generates a unique code for each transaction
which makes it harder for hackers to steal information
compared to the classic magnetic stripe.
Retailers have until October 2015 to upgrade in-store POS
software to EMV technology and at pump islands by October
2017. After that date, the liability shift will go into
effect which places the costs of a security breach on any
entity in the transaction process that doesn’t use EMV chip
cards; however, liability would not include PIN.
U.S. APPEALS COURT DISMISSES LATEST E-15 LAWSUIT
The U.S. Court of Appeals for the
District of Columbia this week dismissed a lawsuit
challenging the U.S. EPA’s dispenser label requirement for
E-15 gasoline blends. The court ruled the plaintiffs lacked
legal standing to sue. The two judge panel said the
plaintiff’s suit failed to demonstrate present or future
harm from the labeling rule, a key requirement to prove
legal standing in a court of law. The suit was brought by
the American Petroleum Institute and others claiming the EPA
had not done enough research to prove that dispenser labels
alone would be sufficient to prevent misfueling by consumers
and that warranty claims, product liability lawsuits,
recalls, and reputational injury would result. The court
didn’t address the substantive arguments in the petition
since the plaintiffs could not meet the procedural
requirements for legal standing. The EPA finalized the
dispenser labeling as part of the E-15 waiver process in
2011. The ruling was another setback for ethanol foes.
In 2012, the same court dismissed a lawsuit seeking an
injunction to prevent the EPA from approving the E-15
waiver. The plaintiffs in that case argued the fuel could
leave manufacturers and retailers open to liability should
vehicle damage result from using E-15 blends. The court also
dismissed that lawsuit due to lack of standing.
GAO DETERMINES LIFTING OIL EXPORT BAN WOULD DECREASE FUEL PRICES
On Monday, the
General Accountability Office (GAO) reported that allowing
for crude oil export would raise domestic crude prices while
the injection of U.S. crude would increase world supplies
which would lower overall crude prices and decrease fuel
The GAO Report "Changing Crude Oil Markets"
prepared at the request of Sen. Lisa Murkowski (R-AK), the
ranking member of the Committee on Energy and Natural
Resources, provides estimates on how much U.S. production
could rise from the current nine million b/d ranging from
130,000 b/d to 3.3 million b/d from 2015 through 2035 if the
export ban is lifted.
GAO also reviewed the levels
of the Strategic Petroleum Reserve (SPR) program and
encouraged agencies to reexamine their programs to be sure
that the SPR is sized appropriately. If there is excess
crude, it should be sold to provide funding for other
The U.S. holds reserves of crude oil
well above its requirement for a minimum of 90 days of net
imports. In May 2014, the SPR held reserves of 106 days
(worth about $73 billion) and private industry held 141 days
The report can be viewed
REFINERS WANT JONES ACT REFORM
Earlier this week in an
op-ed to The Hill newspaper, American Fuel &
Petrochemical Manufacturers’ (AFPM), President Charles
Drevna argued for an overhaul to the outdated Jones Act law
which requires cargo shipped between two U.S. ports be
transported on a U.S. built ship as well as crewed and owned
by U.S. citizens. AFPM represents 98 percent of refining
capacity in the United States and generally agrees with
PMAA’s position calling for reform to ensure that crude oil
and refined products are being shipped at competitive prices
between U.S. ports. It currently costs less to ship oil from
the Gulf of Mexico to Canada’s refineries than it is to ship
to Mid-Atlantic refineries due to the Jones Act.
Drevna contends that the shipping industry cannot hide
behind the national security argument anymore since the U.S.
allows international companies to build and operate military
equipment and civilian aircraft, and thus, the shipbuilding
industry should not be treated any different. Drevna is
hopeful that Congress will realize the Jones Act is outdated
and needs urgent reform.
ENJOY FALL READING AND HOLIDAY MENU PLANNING WITH THE PMAA COOKBOOK!
Everyone likes to snuggle up with a great book on a cool
Fall day. The PMAA PAC official cookbook makes for great
Fall reading and family fun. Use a recipe at the next family
get-together and start planning your holiday menus!
Contribute to the PMAA Small Business Committee (SBC) PAC
and have fun at the same time. Buy many copies and give them
to your friends so they can have fun too. Please contact
Sabrina Pitcher if
you would like to
order the PMAA Cookbook.
PMAA PARTNER SPOTLIGHT FEATURING: Worldpay
Partner and Member Services Vendor
Worldpay would like to share the following free November
webinars with you:
Worldpay’s Tips on Enabling
Mobile Wallet Acceptance on November 11
Mobile wallets give customers the convenience of paying
their preferred way, and they offer increased payment
security. With the emergence of Apple Pay, the trend toward
mobile wallets is expected to grow significantly.
How can you take advantage of this trend to increase
customer satisfaction? Attend our free hour long webinar
session on Tuesday, November 11, 2014, 2 pm Eastern Time.
Worldpay presenter and Director of Product Development, Eric
Barfield, will explain the benefits of accepting mobile
wallets and just how easy it is to enable your business to
click here to register.
Effectively Manage Data Compromise Events on November 12
Preparing your business for a data compromise event can help
save you time, money and your reputation should you
Attend Visa’s free hour long webinar
on Wednesday, November 12th at 1 pm Eastern Time. Speakers
Justina Jow and John Askins will discuss VISA’s
investigation lifecycle, containment procedures and other
The webinar is limited to 1,000
attendees and registration is required. To secure your spot,
it is recommended that you register in advance. Please note
that your username and password will be required to access
the webinar on the day of the event.
To register for
the event, please
click here. Merchants are also encouraged to also review
the attached document,
What To Do If Compromised, prior to the webinar.
Should you have any additional questions on these webinars
or any other petroleum solutions, please contact PMAA’s
Worldpay Executive Client Manager,
PMAA MEMBER SERVICES SPOTLIGHT FEATURING: ELECTRIC CHECKS
Get a Free Scanner when you sign up for Remote
Deposit Capture by Electric Checks!
Clearing a check used to require a trip to the bank and five
to seven days of waiting for your funds. Now, with Remote
Deposit Capture (RDC), your business can scan and transmit
check images to your bank for posting and clearing--without
leaving the office. Funds are available the next business
Web-based RDC from Electric Checks is so simple to use that
little training is required. Imagine eliminating the extra
time needed to fill out ledgers and deposit slips, photo
copy all your checks and drive to the bank to make the
deposit. Your business is sure to save time and money by
automating your check deposit process.
We are proud
to be endorsed by the Petroleum Marketers Association of
America (PMAA). For further information about Electric
Checks’ free bounced check collection service, please visit
email or call Electric Checks at 866-999-echecks (3243).
Checks are our Business, our only Business.