Credit card surcharging - who is going to do it and what are the stipulations for compliance
Key Take Away:
This webinar will enable you to educate suppliers about the economics of card acceptance, pointing out the savings possible and other benefits.
The worst thing end-user organizations can do is to have an uninformed reaction to surcharging law compliance. It´s important to first look at the big picture.
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.
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 webinar on credit card interchange fees rules will clearly explain thechanges in the rules, which will benefit from the changes and how it will affect the retailers and customers.
Why Should You Attend:
Passing on interchange fees has always been against credit card regulations and companies have found unique ways to get around the regulations or simply did not comply. An anti-trust lawsuit finally filed in 2005 and in July 13, 2012 the suit was finally settled.
Areas Covered In This Webinar:
• History of surcharging
• What changed in the rules?
• Why did it change?
• Who may benefit?
• Sources of information
• Will this change anything?
• How the recent changes in law will affect end-user organizations?
• Know the tools necessary to review and deal with any potential credit card processing surcharge/checkout fee situations
Who Will Benefit:
• Corporate Accounts Receivable Managers
• Industries with large Credit Card Receivables
• Multi-state Corporations
• Retail Organizations
• Financial Officers
• Risk Officers
• Internal Auditors
• Operational Risk Managers
• Credit Card Program Administrators
Ray Graber has a deep and thorough understanding of banking, technology, and finance. His business experience includes banking technology research at TowerGroup; best practices internet security, policies, and procedures at FleetBoston Financial; wire transfer operations and product launches at Citibank and BankBoston; and treasury operations for a $325 million public company.
Mr. Graber was an adjunct professor at the Carroll School of Management at Boston College where he taught three graduate-level courses: E-Banking, the MBA Leadership Workshop, and Corporate Finance. Previously, he taught the Financial Management of Commercial Banks in the Boston College Carroll School of Management Masters of Finance Program and Working Capital Management and Cash Management at the Bentley College Graduate Business Program.
Ray holds a Bachelor of Arts degree in Mathematics and an MBA in Finance and MIS, both from Boston College.