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Live Webinar

60-minute live streaming program
  • November 13
  • 1:00 - 2:00 pm EST

Visa and MasterCard Owe You Money: How Much of the $6.24 Billion Settlement is Yours?

November 13

Businesses pay more than $180 billion per year in credit card processing fees. Often, those fees are inflated. Sometimes, they're blatantly over-charged.

Recently, a class-action settlement was reach with Visa and MasterCard awarding merchants a collective $5.54 Billion to $6.24 Billion refund. If your business accepted credit cards between January 2004 and January 2019, some of that money is yours. The question is, how much?

In this webinar, we will discuss the background and causes of the class-action settlement, how to opt-in for your portion of it, how much is your portion, and other ways in which the credit card processing industry is likely taking advantage of your business.

Learning Objectives

  • You will be able to review the history of the credit card processing industry.
  • You will be able to explain the background and causes of the class-action settlement.
  • You will be able to identify ways in which the credit card processing industry is likely taking advantage of your business.
  • You will be able to discuss how to determine your portion of the settlement.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Brief overview of Credit Card Processing Industry

The Class-Action Lawsuit

The Settlement

Opting in

Other Ways in Which You're Being Overcharged

How to Determine Your Portion of the Settlement

Class-Action Settlement

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CPE 1.2 including Specialized Knowledge 1.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.0 hour.
     

Who should attend?

This live webinar is designed for CEOs ,CFOs, controllers, treasurers, presidents, procurement specialists, accounting managers, finance managers, business owners, accounts receivable managers, risk officers, credit card program administrators, operational risk managers, internal auditors, and other similar titles.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Jeremy Layton

Jeremy Layton

Verisave

Jeremy Layton started Verisave back in 2001 with the service of identifying and collecting overpayments made by their customers to their suppliers. In 2010 Jeremy noticed that most of his customers were paying a lot of money to process credit card payments. After digging a little deeper, he found that most of his customers were actually paying much more than they needed to and Jeremy was determined to help them reduce these fees. Over the past 10 years Jeremy has become an expert in all things relating to the credit card processing industry. In fact, Verisave saved its customers over $30 million on credit card processing fees.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 406473
Published 2019
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