Print Page   |   Contact Us   |   Your Cart   |   Sign In   |   Learn More
NAPCP Search
Commercial Card News Brought to You by the NAPCP: Industry Regulation

Potential lawsuit settlement by Visa and MasterCard could allow suppliers to impose surcharges

Friday, July 13, 2012   (0 Comments)
Posted by: Lynn Larson

This week, various news sources reported on the likely upcoming lawsuit settlement by MasterCard and Visa. The lawsuit is the consolidation of more than 50 lawsuits filed since 2005, which pertain to merchants' dissatisfaction with the rules and costs related to card acceptance. One probable settlement outcome is the ability of card-accepting merchants (suppliers) in the U.S. to impose a surcharge—a practice that has been historically prohibited in the U.S. per the networks' merchant rules. It's a news story worth watching.

If/when surcharging is allowed, end-user organizations need to make thoughtful business decisions based on costs versus benefits. The benefits of card usage for B2B payments would likely prevail in most cases.


Breaking news later in the day, July 13, 2012: The lawsuit was settled; read the related news item for details.

 


Sign In
Sign In securely
Featured Items
Event Calendar

8/23/2017
NAPCP Website Tour

9/20/2017 » 9/21/2017
2017 NAPCP Canadian Commercial Card and Payment Conference - Toronto

10/17/2017
Capital One Virtual Demo: Raising the Bar on Digital Product Development

11/16/2017
MUFG Virtual Demo: ePayable Payments Without the Reconciliation–Keeping the Buyer in Control

1/31/2018
An Interactive Look Into the Certified Purchasing Card Professional Credential

Copyright © 1999 - 2017 NAPCP - Advancing Commercial Card & Payment Practices Worldwide
Certified Purchasing Card Professional Credential 
The next application due date is Aug. 31, 2017
for the October 2017 testing period.

Complimentary resource for all website visitors.
Report free to NAPCP members. Executive Summary free to members and complimentary subscribers.