Federal Reserve Seeks Input in Latest Swipe-Fee Proposal

Board proposes 17.7-cent cap to be reviewed every 2 years By Steve Holtz on Oct. 26, 2023 The Federal Reserve Board on Wednesday requested comment on a proposal to lower the maximum interchange fee that a large debit-card issuer can receive for a debit-card transaction. The proposal would also establish a regular process for updating the maximum…

Illinois: ILCC Adopts Permanent Rule Regulating Placement and Display of Co-Branded Alcoholic Beverages in Retail Establishments

Source: https://www.myradiolink.com/ October 10, 2023 ILCC Adopts Permanent Rule Regulating Placement and Display of Co-Branded Alcoholic Beverages in Retail Establishments Permanent rule prevents consumer confusion between alcoholic and non-alcoholic beverages On September 21, 2023, the Illinois Liquor Control Commission (ILCC) adopted a permanent rule regulating the placement of co-branded alcoholic beverages on retail sales floors.…

CHICAGO ELIMINATES SUBMINIMUM WAGE FOR TIPPED WORKERS

Illinois Policy: Dylan Sharkey | Assistant Editor Assistant Editor Tipped workers in Chicago will be phased into the city’s $15.80 minimum wage. Proponents said higher wages will help staffing shortages, but opponents said it will lead to higher costs, fewer jobs and maybe backfire for tipped workers’ pay. Chicago is phasing out the subminimum wage…

New AI in BREAKTHRU NOW Helping Bars & Restaurants Stock the Beverages Consumers Want

Source: Res Publica October 5, 2023 With a customer-first mindset driving Breakthru Beverage Group’s strategic decision making, the company has enhanced its proprietary eCommerce platform BREAKTHRU NOW with artificial intelligence (AI), machine learning and other personalization tools. The result is a B2B eCommerce experience that combines business tracking and market insights with the ease and…

Hospitality Leader, Union, Makes Physical Credit Cards A Thing of the Past With its New Point-of-Sale Solution for iPhone

Union estimates that bars and restaurants can unlock billions of dollars of untapped revenue by supporting consumers’ demand for digital payments Source: Union September 19, 2023 Union, a data-driven hospitality engagement platform, has released a point-of-sale solution that allows servers and bartenders to use iPhones to place guests orders and process payments tableside, completely eliminating…