The National Association of Credit Management: Calendar
- Webinar: To Surcharge or Not to Surcharge, That is the Question: The Credit Professional’s Guide to
- NACM Webinar
To Surcharge or Not to Surcharge, That is the Question: The Credit Professional's Guide to Rolling Out a Surcharge Program under the Recent Rule Changes
Time: 3:00 - 4:00 pm EST
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Visa and MasterCard recently settled a multi-billion dollar class-action lawsuit. Central to the lawsuit was the claim that Visa and MasterCard artificially set interchange fees on Visa and MasterCard transactions. Aside from a cash settlement of more than $7 billion, Visa and MasterCard have agreed that merchants will be allowed, for the first time, to pass interchange fees on to their customers in the form of a surcharge on Visa and/or MasterCard transactions. With the ability to surcharge still in its infancy, there are a number of issues that merchants will need to deal with that are not always easily found in bright line rules and regulations if they choose to implement a surcharge policy.
Through this webinar, merchants will learn the technical requirements of surcharging, and will also be exposed to real life issues that have confronted many merchants in applying those technical requirements in the business to business setting. We will also discuss the newly minted American Express settlement, and discuss how that settlement, once approved by the District Court, will impact a merchant’s ability to surcharge.
Rudet Fountain is the National Sales Manager for United TranzActions (UTA). He travels extensively across the country speaking at seminars and consulting with businesses about the current market conditions and latest trends of cash management. With more than 20 years of experience as a business owner/manager in the service related industry, he understands and appreciates the complexity of the business environment today. He is a graduate of Georgia State University with a degree in Marketing Research and Business Management.
Ronald Clifford, Esq. is an attorney at Blakeley & Blakeley LLP. Ron has extensive experience representing vendors both in and out of court and throughout the country.
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