MAG Insights

Announcements from the MAG & Featured Articles

  • MAG Member Corner

  • Board Member Corner

  • What’s Up in Washington

  • Letter from CEO

  • Merchant Community Coalesces Behind Open Process for Security Standards to Better Protect U.S. Consumers and Businesses from Cybercriminal Activity

  • MAG Sponsor UL Publishes Whitepapers

  • MAG Announces 2014 Annual Conference Program for Merchant Payments Professionals

  • Collaborating on Operational Issues

  • New MAG Bench Marking and Best Practices Initiative

  • A Mobile Wallet Day in the Life

    Imagine this: On a sunny spring day, Jen, a 36 year-old wife and mother, puts her kids on the bus for school and leaves her suburban home for yet another busy day. Her first stop is the gas station to fill-up her SUV. She used to go wherever was convenient during her day, but now she makes a point to fill-up at stations in one specific chain because their new smartphone app gives her $.10 off per gallon when she uses the app to operate the pump and pay using her stored checking account information.
  • MAG Sponsor Spotlight

    Despite powerful support from the major players and huge amounts money spent on it, NFC based mobile payments have not taken off. Now there is a movement to change how mobile payments work, making them simpler, better and cheaper. There are also new technologies that take the pain out of merchants supporting mobile payments.
  • MAG Member Corner

    Dunkin' Brands Group, Inc., is the parent company of two of America’s most recognized brands, Dunkin’ Donuts and Baskin-Robbins. Dunkin’ Brands’ nearly 100 percent franchised business model includes more than 7,700 Dunkin' Donuts restaurants and nearly 2,500 Baskin-Robbins restaurants in the U.S. alone. Dunkin’ Donuts has a more seasoned gift card program and recently launched two exciting initiatives that utilize the Dunkin’ Donuts Stored Value Card (DD Card) in a powerful way. These two initiatives, including the launch of a mobile application and a rewards program, are designed to reinforce Dunkin’ Donuts’ coffee and breakfast leadership and support the brand’s steady, strategic growth. As a franchisor, we are always looking for ways to improve our restaurants profitability.
  • Board Member Corner

    Imagine for a moment that you are a business owner and the primary product you sell is a product that everyone needs, but is extremely competitive, driving the profit margin down to less than 4%. Now imagine that in order to sell that product, you have to accept some form of credit card, which typically takes 1.75% to 2.50% of your sale. Hypothetically, let's call that product "gas". Just to help you build your business case for selling that product, let's put a number to this product, and call that price $3.50 per unit, with a $0.12 profit margin. Oh yes, and your profit margin is a fixed number, not a percentage of sales, so if your product price moves up or down, your margin stays the same. Now, because the product is so competitive, add a daily swing in your profit of up to +/- $0.08. With your cost of payment, which does of course, change with the price of your product, running at an average of $0.07 per unit. Build me a business case for jumping into that business. Crazy right? For any good businessman, that's a tough proposition.
  • Letter From the CEO

    It’s not just that Visa’s mad at Walmart and Walmart’s mad at Visa. Everybody connected to payments is mad at everybody else; and, it seems to be getting worse!
  • The MAG Announces Staff Addition

    The Merchant Advisory Group, the MAG, is pleased to announce Liz Garner has joined the MAG staff in a newly created role as Vice President. Liz has held positions with both the National Restaurant Association and with the Food Marketing Institute. Liz brings to the MAG her considerable experience in advocating for merchants as well as a strong payments background.
  • Member Perspective

    June 3, 2013-My experience with the MAG started after I left ADS and joined Tesoro. As someone new to the merchant community, I immediately began to realize that many merchants had a superficial understanding of payments.
  • Letter From the CEO

    The MAG responded to news of recent breaches involving payment card data in a public release dated January 13, 2014. The MAG felt compelled to respond in light of what we felt were biased or uniformed reports by many in the media to the affect that merchants were primarily to blame for the breaches.
  • MAG Sponsor Spotlight

    The recent exposure of card data, following security breaches at a number of retailers is just the latest in an unfortunately long line of such events. Not restricted to small owner-operated stores, some of the most sophisticated and well run retailers on the planet find themselves in the press for all the wrong reasons. For any who have been even tangentially involved in a data breach either as retailer, acquirer or technology vendor, the pressure is acute and unforgettable and this says nothing to the impact on our cardholder customers.
  • Innovate Now

    I am proud to have had the opportunity to present the AnyWhereMobile Payment Network (AWM) at the MAG 2014 Mid-Year Conference. MShift’s ambition is to calm the interchange waters between issuers, merchants, and payment networks through innovation, rather than litigation and legislation. The blended per transaction debit interchange pricing that was presented represents a 50% reduction from today’s debit interchange rate.
  • MAG Member Corner

    In light of the recent data breaches at fellow merchants, there is a heightened focus on security and fraud in the payment industry and beyond. Even government entities are inquiring, investigating, and likely considering further regulation. Unintentional, ill-informed decisions by any of the stakeholders could lead to significant work and investment with little impact on fraud. For that reason, it is essential to understand the benefits, limitations and consequences of any approach relative to the critical objectives.