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Tag Archives: b2b payments
REMINDER: U. S. MERCHANT LIABILITY FOR NON-EMV COUNTERFEIT POS PAYMENT CARD TRANSACTIONS BEGINS OCTOBER 1, 2015
WHAT IS THE EMV FINANCIAL LIABILITY SHIFT? Beginning October 1, 2015, financial liability for counterfeit point-of-sale (POS) payment card transactions will shift to, “the party that is the cause of a chip transaction not occurring….”1 Essentially, if the financial … Continue reading
Posted in Fraud prevention, Project planning
Tagged a/r processing, accounts receivable, b2b card payments, b2b payments, card payments, electronic payments, electronic payments b2b, EMV, financial liability shift, liability shift
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VALUE IN CORPORATE ELECTRONIC PAYMENTS ACCEPTANCE
A CONCEPT OF VALUE Koller, Dobbs, and Huyett contend that a business’s value is driven by its growth, return on capital, and resulting cash flows; that value is created when companies generate higher cash flows; and that value depends … Continue reading
In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation
If you are a merchant that has accepted Visa and MasterCard credit cards for a reasonable time, are you aware that you may soon be entitled to significant reimbursement of interchange fees? On October 19, 2012, a Definitive Class Settlement … Continue reading
Posted in Interchange
Tagged b2b card payments, b2b payments, electronic payments, electronic payments b2b
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UPDATED LEVEL III DATA ENTRY REQUIREMENTS
Visa and MasterCard now require Level III data entry for all corporate card types, including corporate, purchase, procurement, and fleet cards. Accounts receivable departments can retain 1% of the total amount of invoices paid with corporate charge cards, simply by … Continue reading