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Meridian Associates, Inc.
who generously supports
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PMAA's weekly update on important national industry issues.

 
PMAA's Weekly Review - October 24, 2014  [WR-14-42]

 

 

In This Issue:
 

WHITE HOUSE WANTS EMV CHIP-AND-PIN

 

U.S. APPEALS COURT DISMISSES LATEST E-15 LAWSUIT

 

GAO DETERMINES LIFTING OIL EXPORT BAN WOULD DECREASE FUEL PRICES

 

REFINERS WANT JONES ACT REFORM

 

ENJOY FALL READING AND HOLIDAY MENU PLANNING WITH THE PMAA COOKBOOK!

 

PMAA PARTNER SPOTLIGHT FEATURING: Worldpay

 

PMAA MEMBER SERVICES SPOTLIGHT FEATURING: ELECTRIC CHECKS
 

 
 

 
 

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Visit us at:

WWW.PMAA.ORG


Telephone:
703-351-8000

Petroleum Marketers Association of America

(PMAA)

1901 North Fort Myer Drive

Suite 500

Arlington, Virginia 22209

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 costs.

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 priorities.

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 of reserves.

The report can be viewed here.
  

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

PMAA’s National 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 do so.

Please click here to register.

Visa’s 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 encounter one.

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 helpful information.

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, Glenda Preen at 972.325.1801

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 day.

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 the PMAA’s webpage, email or call Electric Checks at 866-999-echecks (3243).

Checks are our Business, our only Business.

 

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