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Credit card surcharging- who is going to do it and what are the stipulations for compliance?
1. 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
2. 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
3. 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
4. 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
5. 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
6. Live Session - How it works
• Username and Password will be sent
to you 24 hours prior to the webinar
• Presentation handouts in pdf
formate will be mailed to you
• Login to the session using the username and password provided to you
• Get answer to your queries through interactive Q&A sessions via chat
• Please let us know your thoughts and views at the end of webinar, your valuable
feedback will help us improve
• Get certification of attendance.
Recorded Session - How it works
• A link will be provided to you upon purchase of the recorded session
• Please click on the link to access the session
• Presentation handouts in pdf formate will be mailed to you
• Get certification of attendance.
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com
7. Get Connected With Us:
www.onlinecompliancepanel.com
www.onlinecompliancepanel.com | 510-857-5896 | customersupport@onlinecompliancepanel.com