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

Duration: 60 Minutes
Credit card surcharging could not only affect your merchant processing transactions but also your credit card usage. 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.
Credit card compliance
Instructor: Mike Morley
Product ID: 500658

The worst thing end-user organizations can do is to have an uninformed reaction to surcharging. 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.

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?
Who can Benefit:
  • Financial Officers
  • Risk Officers
  • Internal Auditors
  • Operational Risk Managers
  • Credit Card Program Administrators
$300
Recorded Session for one participant
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  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
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  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
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  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Mike Morley is a Certified Public Accountant, business author Mike Morley is an entertaining and informative speaker and a recognized authority in the field of finance. Mike offers various training programs, such as IFRS, SOX, and Financial Statement Analysis, as well as Management Skills topics that focus on providing continuing education opportunities for finance and accounting professionals. Many Fortune 500 companies take advantage of his training programs to bring their staff up to speed so that everyone understands what their responsibilities are.

Mike is the author of several books, including:
"IFRS Simplified", which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.

"Sarbanes-Oxley Simplified," which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.

"Financial Statement Analysis Simplified" which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.
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