ComplianceOnline

Register

Toll Free: +1-888-717-2436


customer care
Fax: +1-650-963-2556
Email: editor@complianceonline.com
Read Frequently Asked Questions

Credit card surcharging - who is going to do it and what are the stipulations for compliance?

Buy Now Section

This training on credit card surcharges compliance will discuss how the recent changes in law will affect end-user organizations. It will also provide attendees with the tools necessary to review and deal with any potential surcharge/checkout fee situations.

Speaker
Instructor: Brent Meyers
Product ID: 702866

Why Should You Attend:

Surcharging had been historically prohibited in the U.S. per the networks' merchant rules, as well as prohibited by law in 10 states. Any state laws will continue to "trump" networks' merchant rules. The recent changes in surcharging law could not only affect your merchant processing transactions but also your credit card usage. The worst thing end-user organizations can do is to have an uninformed reaction to surcharging. It's 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. This training on credit card interchange fees rules will clearly explain the changes in the rules, who will benefit from the changes and how it will affect the retailers and customers.

Areas Covered in this Seminar:

Who will Benefit:

Instructor Profile:

Brent Meyers, has been working for Commerce Bank since May 2008 and is responsible for business development and commercial card services within the Midwest Territory. Mr. Meyers specializes in Automated Accounts Payable and Electronic Invoice Presentment and Payment (EIPP) solutions. Prior to joining Commerce Bank, he spent more than 8 years working at Enterprise Rent-A-Car, located in St. Louis, MO. There he held positions in Accounts Payable; Claims; and Credit Cards, both on the merchant and issuing side.

He received his Finance degree from Indiana University in Bloomington, IN. He is an Accredited Payables Solutions Consultant (APSC) through The Accounts Payable Network (TAPN) organization as well as a Certified Purchasing Card Professional (CPCP) through the National Association of Purchasing Card Professionals (NAPCP) organization.

Topic Background:

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.

A retailer has to notify customer in advance if they are intend to impose "checkout fee" or surcharge on any credit card purchase and the retailer also has to disclose surcharge fee on every receipt. This customer surcharging is applied only to credit card purchasing; surcharges cannot be imposed to purchases made by debit card or prepaid card.

Bookmark and Share
Refund Policy
"Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance.
ComplianceOnline would process/provide refund only if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange. Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs."
For substitution, please email editor@complianceonline.com or call +1-650-620-3937.

Latin America: Regulatory Compliance Requirements for Life Science Products (Focus: Brazil, Mexico, Argentina) - 80016SEM
Detecting and Preventing Internal and External Fraud - 80096SEM

This training hasn't been reviewed yet.

Review this training

Training Options Training Duration = 60 Min
Attend Live Online Training Only
January 22, Thursday 10:00 AM PST | 01:00 PM EST
$199.00 One Dial-in One Attendee
$799.00 Group–Max. 10 Attendees/Location
(For multiple locations contact Customer Care)
$249.00 Access Recorded Version Only
One Person - Unlimited viewing for 6 Months
(For multiple licenses contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section 48 hrs after
completion of Live training
$449.00 Get Training CD Only
One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days after
completion of Live training