Credit card surcharging- who is going to do it and what are the stipulations for compliance?
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
Instructor Profile:
Brent Meyers has extensive knowledge of the accounts payable process in today’s business environment. He is responsible for business development and commercial card services within the Midwest Territory. He specializes in Automated Accounts Payable, regulation compliance, and expense reporting solutions. Prior to his current role, he spent more than 8 years working at a large retail company located in St. Louis, MO. There he held positions in Accounts Payable; Claims; and Credit Cards, both on the merchant and issuing side. Brent currently resides in St. Louis, MO. He received his Finance degree from Indiana University in Bloomington, IN. Brent is an Accredited Payables Solutions Consultant through The Accounts Payable Network as well as a Certified Purchasing Card Professional through the National Association of Purchasing Card Professionals.
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
Description: Surcharging had been historically prohibited in the U.S. as per the networks' merchant rules, as well as prohibited by law in 10 states. Any state law will continue to "trump" networks' merchant rules.
It is important to first look at the big picture. End-users should also educate suppliers about the economics of card acceptance, pointing out the savings possible and other benefits. When suppliers are reaping the rewards, they should not be adding a surcharge.
They might overlook the benefits of card acceptance, as well as the cost of other payment methods like checks and cash. At the end of this webinar you should have the tools necessary to review and deal with any potential surcharging situations. www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
Why Should you Attend: On July 13, 2012, Visa, MasterCard and nine banks settled a longstanding lawsuit related to credit card interchange fees. Besides the payout of billions to merchants, a notable settlement outcome is the ability of card-accepting suppliers in the U.S. to impose a surcharge (sometimes referred to as a "checkout fee"), beginning January 27, 2013. This webinar will discuss how this recent change may affect you and your business.
Objectives of the Presentation: The objectives of the presentation are to discuss about:
What changed in the rules? Why did it change? Who may benefit? Will this change anything?
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
Who can Benefit: Financial Officers Risk Officers Internal Auditors Operational Risk Managers Credit Card Program Administrators
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
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www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
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www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com