As credit card processors are getting more creative in leveraging fees, it’s important to learn how to utilize technology to enhance compliance and reduce risk.
DESIGNED FOR
members of the Emerging Technologies Interest Group
BENEFITS
Learn how to ensure that your company or clients are compliant with credit card surcharging and fees.
HIGHLIGHTS
Confirm that surcharging and convenience fees are applied correctly and only where legally permitted.
Verify that merchant statements accurately reflect interchange, assessments and processor fees.
Check that payment setups align with state laws, insurance contracts (for healthcare companies) and industry-specific billing rules.
Ensure proper PCI DSS compliance, including secure payment systems and annual self-assessment questionnaires (SAQs).
Understand how to avoid downgrades caused by missing data fields or incorrect transaction handling.
Review the risks, including chargebacks and transaction reversals due to incorrect fee disclosures or coding; fines from card brands or processors for improper surcharging or fee handling; and higher processing costs from downgrades when transactions don’t meet data requirement. PREREQUISITES
None
ADVANCE PREPARATION
None