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 customers’ 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 training on credit card interchange fees rules will clearly explain the changes in the rules, which will benefit from the changes and how it will affect the retailers and customers.
WHY SHOULD YOU ATTEND?
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.
AREA COVERED
- History of surcharging
- What changed in the rules?
- Why did it change?
- Who may benefit?
- Sources of information
- Will this change anything?
- What you should do.
LEARNING OBJECTIVES
- Passing on interchange fees has always been against card network regulations
- 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.
- Credit card surcharging is prohibited in ten (10) states while another dozen states are considering legislation.
- 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.
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
- Comptrollers
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.
- History of surcharging
- What changed in the rules?
- Why did it change?
- Who may benefit?
- Sources of information
- Will this change anything?
- What you should do.
- Passing on interchange fees has always been against card network regulations
- 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.
- Credit card surcharging is prohibited in ten (10) states while another dozen states are considering legislation.
- 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.
- 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
- Comptrollers
Speaker Profile

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 policies at FleetBoston Financial; wire transfer operations and product launches at Citibank and BankBoston; and treasury operations for a $325 million public company.Ray was an adjunct professor at the Carroll Graduate School of Management at Boston College where he taught E-Banking, MBA Leadership, Corporate Finance, and the Financial Management of Commercial Banks. He also taught Working Capital and Cash Management at the Bentley College Graduate Business Program.Ray holds a Bachelor of Arts degree in Mathematics …
Upcoming Webinars

Recent UPDATES to the Rules Stop Payments vs Unauthorized E…

Data Modelling and Analysis with Excel Power Pivot

Financial Projections for Determining Long-Term Cash Flow R…


How to Write Contracts for Procurement Professionals

Impact Assessments For Supplier Change Notices

Stay Interviews: A Powerful Engagement and Retention Tool



FDA Regulation of Artificial Intelligence/ Machine Learning

Harassment, Bullying, Gossip, Confrontational and Disruptiv…





FORM I-9 2022: ICE Announces New Extension Date and Require…

Establishing a Robust Supplier Management Program

Three Key Risk Assessments in Your ERM Program - ERM IT and…

Travel and Expense Policy Development and Automation

With Mandatory Paid Leave Gaining Ground, Is It Time To Do …

Project Management for Non-Project Managers



Implementing an Effective Human Error Reduction Program

How to prepare an effective audit manual for an internal au…

CMO Supplier Quality Agreements: How to Comply with new FDA…


Form 1099 Update 2022: Latest Forms, Rules and Reporting Re…

21 CFR Part 11 - Compliance for Electronic Records and Sign…

Managing Toxic & Other Employees Who have Attitude Issues

The Importance of Packaging and Labeling in Pharmaceutical …

I-9 Audits: Strengthening Your Immigration Compliance Strat…


The Top Ten Excel Functions Everyone Should Know

Building a World Class Accounts Payable Operation: P2P, AP