ensures that our stores are
well-informed about product
details."
An area that doesn't fall
into the tech bucket but
could greatly benefit costs for
retailers is the recent Supreme
Court ruling allowing a legal
challenge to debit card swipe
fees to move forward. e
lawsuit challenges a Federal
Reserve cap on debit card
swipe fees that took effect
in 2011. In 2023, the Fed
proposed lowering the per
transaction fee cap to 14.4
cents plus .04 percent for
fraud loss and 1.3 cents for
fraud prevention. e NRF has
said the fraud prevention fee
should be eliminated since the
2015 adoption of EMV chip
cards shied fraud costs to
merchants. n
More retailers are turning to technology to
improve the in-store experience for customers
and the communication level among staff.
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sportstylemag.com • sportstyle
July/August 2024 • 11