National Association of Convenience Stores

NACS is particularly concerned with the regulation of motor fuels, high credit card swipe fees, and labor law.

NACS serves the convenience store and fuel-retailing industry through market research, conferences and trade shows, political advocacy, and legal action.

NACS launched a website to help retailers express their opposition to the proposed settlement or opt-out in an easy manner.

[6] The Durbin Amendment, passed as part of the Dodd-Frank financial reform legislation in 2010, required the Federal Reserve to limit fees charged to retailers for debit card processing.

The plaintiffs pointed out that the common practice of having customers merely signing for debit card purchases processed through the Visa and MasterCard payment networks instead of requiring a PIN greatly increases fraud.

The judge's opinion was generally scathing and noted that the agency overruled its own staff, who had recommended a cap of 12 cents per transaction.

The judge wrote, "The court concludes that the [Federal Reserve] Board has clearly disregarded Congress' statutory intent by inappropriately inflating all debit-card transaction fees by billions of dollars."

The judge also ruled that the Federal Reserve failed to ensure that merchants enjoy access to "multiple unaffiliated networks" to process each debit-card transaction, as also required by the Durbin Amendment.

[1] NACS produces a variety of products to help retailers grow their businesses, from research and marketing to human resources support to category management.

Typically drawing more than 22,000 attendees and 1,200 exhibitors which cover nearly 400,000 net square feet, it rotates between three cities: Las Vegas, Chicago and Atlanta.

Due to the international nature of attendees, selects NACS Show events are translated into foreign languages such as Portuguese, Spanish, and Chinese.

A gas station with convenience store in Saskatoon