Fall forum
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Transcript of Fall forum
![Page 1: Fall forum](https://reader035.fdocuments.in/reader035/viewer/2022062522/58a1dd1e1a28abb6678b67f9/html5/thumbnails/1.jpg)
Fall ForumUsers
Conference+ =
Your pharmac
y
Our experti
se
1 happy merchant
![Page 2: Fall forum](https://reader035.fdocuments.in/reader035/viewer/2022062522/58a1dd1e1a28abb6678b67f9/html5/thumbnails/2.jpg)
Durbin Amendment New Debit Interchange- October 1, 2011
Signature Debit and PIN DebitNo need to ask debit or credit unless
you are offering cash back
Lower Interchange Fees0.05% + $0.22 per transaction for cards
issued by banks with $10 billion in assets or greater
![Page 3: Fall forum](https://reader035.fdocuments.in/reader035/viewer/2022062522/58a1dd1e1a28abb6678b67f9/html5/thumbnails/3.jpg)
V/MC $10 Minimum Transactions You can refuse to accept a V/MC for less than $10- October 1, 2011
![Page 4: Fall forum](https://reader035.fdocuments.in/reader035/viewer/2022062522/58a1dd1e1a28abb6678b67f9/html5/thumbnails/4.jpg)
Change to V/MC Merchant Acceptance Policy
Discounts for alternative payments continues (discount for cash)
Steering customers away from more expensive card types (encouraging use of non-rewards cards)
![Page 5: Fall forum](https://reader035.fdocuments.in/reader035/viewer/2022062522/58a1dd1e1a28abb6678b67f9/html5/thumbnails/5.jpg)
IRS Reporting Requirements TIN Matching
Must be EXACT match or 28% withholding for non-matches
Why? IRS Suspects that not all businesses are reporting total sales accurately
1099K Form issued by January 31st
![Page 6: Fall forum](https://reader035.fdocuments.in/reader035/viewer/2022062522/58a1dd1e1a28abb6678b67f9/html5/thumbnails/6.jpg)
PCI-DSS Payment Card Industry- Data Security Standard
Mandatory ProgramVisa / MasterCard / AMEX / Discover / JCB
Who needs to prove to be compliant Software – Freedom Data Systems System – scans from authorized scanning vendorOperating procedures- being prudent with cardholder data
![Page 7: Fall forum](https://reader035.fdocuments.in/reader035/viewer/2022062522/58a1dd1e1a28abb6678b67f9/html5/thumbnails/7.jpg)
Thank you
+ =Your
pharmacy
Our experti
se
1 happy merchant