Return to Event Schedule

Rolling Out a Credit Card Surcharge Program


Presented by: Scott Blakeley

Free Webinar

July 19, 2018
11:00 AM to 12:00 PM PST


WEBINAR

***


Price: Free for CMA Members


 

Description

Card payments continue as the fastest growing payment form in the B2B space.  Card issuers continue to increase rewards to cardholders, and are marketing cards for companies to pay their supply chains. Visa and MasterCard have amended their rules to allow suppliers to surcharge the interchange fee.  But with a nationwide surcharge rollout, suppliers have to consider 10 states that have enacted no-surcharge laws. In Canada, credit card companies are also getting ready to adopt identical surcharge rules through settlement agreements, pending the approval of the court system. Additionally, the U.S. Supreme Court has upheld American Express's anti-steering policies, prohibiting suppliers from steering customers towards other cards with lower interchange fees. With this webcast, Brad Boe, Director of Credit with Performance Food Group, Mike Bevilacqua, Sr. Director Credit & Collections with PepsiCo, Ronald Clifford and Scott Blakeley will discuss:

  • The pros and cons of accepting cards in light of the rule changes (a negotiation with the sales and finance teams?) and customer convenience and mobile payments;
  • Right to surcharge the interchange fee;
  • Notice and disclosure requirements to customers, card companies and processing companies of intention to surcharge;
  • Cap on the level of surcharge: how much of the interchange fee may be charged to the customer;
  • Stratifying the surcharge, whether by customer type or dollar amount;
  • States anti-surcharge legislation: update on the Supreme Court's evaluation and whether the legislation restricts surcharging in the B2B space;
  • The mechanics of passing the transaction fee;
  • Lowering the interchange fee;
  • How to navigate anti-steering provisions in light of the Supreme Court decision;
  • Debit cards and surcharges;
  • International customers and surcharges;
  • PCI and state law privacy compliance; and,
  • Best practice for internal card policy and card agreement with customer, including T&C's.
  • Q & A session on submitted questions.

We will webcast this topic on Thursday, July 19th, at 11:00 a.m. pdt / 2:00 p.m. edt for 90 minutes. You may submit questions prior to the webcast, or you may post your questions and comments to the message board during the webcast. If your question is not addressed during the webcast, we will follow up on your query via email.



For More Information Contact:
Alan Dicker (818) 9725300-0 adicker@emailcma.org
This page will be refreshed after seconds