Global Compliance Trainings, 201,N Squirrel road, Suite 1007, Auburn Hills, Michigan United States - 48326.
12-03-2014
Webinar Description :
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: These changes could not only affect your merchant processing transactions but also your credit card usage. At the end of this webinar you should have the tools necessary to review and deal with any potential surcharging situations. Areas Covered: - What changed in the rules?
- Why did it change?
- Who may benefit?
- Will this change anything?
Who will benefit: - Financial Officers
- Risk Officers
- Internal Auditors
- Operational Risk Managers
- Credit Card Program Administrators
Why you should 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 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. 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 (APSC) through The Accounts Payable Network (TAPN) as well as a Certified Purchasing Card Professional (CPCP) through the National Association of Purchasing Card Professionals (NAPCP). Live Session for one participant Price: $225.00 Corporate Live Session 4 to 10 participants in single location. Price:$885.00 Recorded Session Access recorded sessions only for one participant unlimited viewing for 6 months. Price: $275.00
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