New bill aims to kill Durbin's debit card fees
The battle over the controversial Durbin Amendment isn't over yet as lawmakers attempted to repeal the rule Oct. 13. Representatives Jason Chaffetz, R-Utah, and Bill Owens, D-N.Y., are introducing a bill that would repeal the Durbin Amendment. They say the rule, which places a cap on the amount that banks can charge retailers each time a customer swipes their debit card, hurts customers and banks. More
Coffee companies add chicory in blend to protect margins
After several rounds of retail price increases this year, India's coffee companies are now adding more chicory — a coffee substitute — and cheaper beans in their blends to protect margins and keep the brew affordable for price-sensitive consumers. Coffee powder prices have risen 30 percent since January on the back of rising global prices, making it impossible for companies to absorb the higher cost of raw material. Chicory is currently 10 times cheaper than coffee. More
'Tea'-lighted over these soothing drinks
Asbury Park Press Share
I love drinking tea, but there are so many to choose from! What is in all of the different teas (green, black, red)? What are they each good for? More
IBWA statement regarding Maryland's decision to restrict state employee access to bottled water
International Bottled Water Association Share
The International Bottled Water Association issued a statement in response to Gov. Martin O'Malley's adoption of guidelines restricting the use of state funds to purchase bottled water. The recommendations were drafted by the Maryland Green Purchasing Committee, created and tasked by the legislature with "greening" state spending. More
Vending machines woo Gen Y with new technology
If you thought vending machines were on the way out, think again. High levels of unemployment and a weak economy has been a double whammy for the vending machine industry. But there's reason for the industry to be hopeful: Gen Y. Recent consumer research conducted by the industry's trade group, the National Automatic Merchandising Association, showed that more than 85 percent of consumers between the ages of 18 years old and 29 years old — the group known as Gen Y or the Millennials — would actually pick a vending machine over other retail options. More
Coca-Cola 'may be bringing in Olympic cashless vending machines'
Coca-Cola could be set to help with making London a cashless society during the Olympic Games next year. According to Marketing magazine, the drinks manufacturer is currently in talks about bringing vending machines that use Near Field Communications to the capital in time for the start of the competition in 2012. More
Corporate responsibility initiatives: Helpful or harmful?
University at Buffalo Share
Corporate responsibility initiatives are often described as "win-win" scenarios: By adopting ethical practices such as buying Fair Trade goods, companies help solve social or environmental problems while building brand reputation. Industry benefits. Society does, too. The viewpoint, while common, is too simple, according to a new paper by University at Buffalo geographer Trina Hamilton. More
Celebrate America's love for vending!
NAMA has launched Vend.Love.Win — a Facebook contest that invites fans to post creative photos or videos of their favorite vending machines or vended products for a chance to win prizes! Click here to join in the fun!