KAIT-Jonesboro, AR-News, weather, sports, classifieds-Small Ark. retailers say new rules to cost them
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Associated Press - July 19, 2009 5:34 PM ET
LITTLE ROCK, Ark. (AP) - Small Arkansas retailers say they're going to have to shell out big bucks to comply with new rules of credit-card companies requiring automated gasoline pumps to be able to recognize personal-identification numbers of debit-card users.
Bruce Gibson of Gibson Oil Co. in northeast Arkansas said the cost to upgrade equipment at the pumps will run $20,000 to $80,000 per store.
Nick Siddique, owner of 5 Shell stations in Little Rock, North Little Rock and White Hall, said the upgrade would cost $3,000 for each of his 32 pumps, a total of $96,000. He said he'll probably stop allowing debit-card purchases at those pumps.
Siddique says the card companies should pay for the upgrades, not the stores.
"For the big (retailers) it's not a problem," he said. "But for a small guy like us it is."
Information from: Arkansas Democrat-Gazette, http://www.arkansasonline.com
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
