Patriot Capital News | C-Store & Gas Station Equipment Finance News
Curious Where MOC Brands Come From?
Many of the major oil brands share the same parent. Click to read more about the evolution of standard oil. Continue Reading...October Patriot Capital Industry News
Card present transactions account for 80% of card fraud and breach. More than 50% of merchants do NOT survive a breach, or suffer disruptive changes.
Continue Reading...October 2017 Patriot Capital Industry News
Just because it's fall does not mean it is not too early to think about April. Optimization of your taxes requires advanced planning that can yield big savings. Both Section 179 and bonus depreciation are forms of "accelerated depreciation" and allow you to recoup all or a significant portion of an asset's depreciation int he first year of the equipment's use.
Act by December 31, 2017 to take advantage of these deductions.
September 2017 Patriot Capital Industry News
Quick Trips Make Up More Than Half of All Shopping Trips
As retail continues to evolve, C-Stores are well positioned to meet emerging customer needs. Having a convenient location, combined with the proper selection of 'fill-in' items, can drive extra profit.
This story from Convenience Store News highlights key insights into how you can maximize this opportunity.
Continue Reading...August 2017 Patriot Capital Industry News
Patriot Capital's Why Wait program allows you to upgrade your site this summer, and have no interest or principal payments until 2018. The program applies to all C-Store and fueling equipment, including gas pumps and underground storage tank (UST) upgrades. The promotion applies to all brands of equipment, installation, shipping and taxes for upgrades and new sites ordered by Nov. 30, 2017.
Continue Reading...July 2017 Industry News from Patriot Capital
The first EMV chip transactions have now occurred in the U.S. Kamlesh Patel, owner of 49 Fuels, stated that since "our dispensers were already EMV-ready, turning on EMV at the dispenser just required a simple Passport software upgrade."
Industry research suggests that up to half of the gallons pumped in the U.S. in 2018 will be from EMV enabled dispensers – dispensers that have EMV hardware installed and need only a POS or minor dispenser upgrade.
June 2017 Industry News from Patriot Capital
Dispenser and POS Companies See the Future - In the Cloud
Over the past several weeks, Gilbarco, Wayne Fueling, Conexxus and Verifone have held their annual user meetings. One of the objectives of these meetings is to provide customers with a glimpse into near term, and not so near term, products.
Here are some of the key trends that were discussed at these meetings:
- Autonomous and connected cars.
- Millennials.
- The Cloud.
- EMV and Payment Security.
May 2017 Industry News from Patriot Capital
Does Trump's Tax Plan Mean Higher Costs for C-Stores?
President Trump has announced one of the largest tax cuts tin history. The changes will impact most American businesses, including convenience stores.
The planned reduction of taxes proposed for “for corporations, small businesses and partnerships of all sizes” is the headline story. At the same time, the maximum personal income tax rate is proposed to be 35 percent and the number of personal tax rates would drop from seven tiers to three (35 percent, 25 percent, 10 percent).
Continue Reading...