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NewsBriefs

"We are notifying affected customers directly although we do not expect any voted upon by the House. Rep.
immediate impact to their services as a result of this agreement," Fischer said. Kristi Noem, R-S.D., reintroduced
"We will formally notify and update customers as appropriate with additional the House version, also delayed,
information nearer to the close of the deal. We expect the transaction to close entitled the Remote Transactions
later this year." Parity Act. The two measures seek to
end sales and use tax exemptions for
Battle lines harden in debate over prepaid card rules large, ecommerce merchants selling
The Consumer Financial Protection Bureau officially rolled back the effective to customers in states where the
date on new regulations targeting prepaid debit cards so it can review and merchants have no physical presence.
tweak the rules. That hasn't mollified detractors in Congress, who continue to Said sales and use taxes currently
push for repeal of the comprehensive rules. Nor does it sit well with consumer apply to all brick-and-mortar
groups, some of which are crying foul and mounting an aggressive campaign merchant locations.
against congressional efforts to repeal the prepaid card rule.
According to sales tax service provider
The CFPB adopted sweeping rules in 2016 that put prepaid debit cards on an TaxCloud's Marketplace Fairness Act
equal regulatory footing with credit cards and traditional debit cards with website, http://markeplacefairness.org,
an Oct. 1, 2017 effective date. Among other things, the rules call for clear nearly 350 organizations support the
disclosures detailing fees and other requirements, would limit cardholder legislation. "Right now, thousands of
liability when lost or stolen prepaid cards are promptly reported, and would local brick-and-mortar businesses are
require card issuers to perform credit assessments before offering cardholders forced to do business at a competitive
overdraft protection services. disadvantage because they have to
collect sales and use taxes and remote
Debate over online, offline tax parity heats up sellers do not," Sen. Enzi said. "This
legislation promotes Internet fairness
On April 27, 2017, Sen. Michael Enzi, R-Wyo., reintroduced the Marketplace by putting Main Street businesses
Fairness Act, legislation originally approved by the Senate in 2013, but not on a level playing field with online
retailers."
Chipotle doubles
down on security
A data security breach at Denver-
based Chipotle Mexican Grill recent-
ly roiled the quick service restaurant
chain. Intruders reportedly gained
access to the company's POS systems,
capturing data from payment card
transactions between March 24 and
April 18, 2017. Chipotle has enhanced
its POS security and is working with
its payment processor, law enforce-
ment and forensic security experts in
an ongoing investigation, company
representatives stated.

"Because our investigation is continu-
ing, complete findings are not avail-
able, and it is too early to provide
further details on the investigation,"
read the company's April 25, 2017,
statement. "We anticipate providing
notification to any affected custom-
ers as we get further clarity about the
specific timeframes and restaurant
locations that may have been affect-
ed."

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