Durbin Backlash?
Vending operators are anxious to see how Sen. Dick Durbin (D-IL) swipe reform efforts will affect their business for the long haul. Some other industries have expressed support, including the FMI, as reported in an Oct 3 edition of VendingMarketWatch, “Food Marketing Institute Applauds Swipe-Free Reform.” But NAMA certainly doesn’t agree.
That same day, NAMA’s CEO Dan Mathews called for members to contact their congressmen and women to educate them about the harmful impact this legislation will have on the vending industry. The new swipe rates could have a brutal impact on the small transactions that occur in vending machines.
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