Date: Thu, 21 May 2009 14:14:13 -0500
H.R.2382 introduced on May 13, 2009 has the following provisions:
SEC. 193. CERTAIN CREDITOR OR CREDIT CARD NETWORK-IMPOSED RESTRICTIONS ON
MERCHANTS PROHIBITED.
'(a) Pricing Display Restrictions- With respect to any credit card which may
be used for extensions of credit through an electronic payment system
network in connection with sales transactions in which the merchant is a
person other than the card issuer, the electronic payment system network may
not, directly or through any agent, processor, or licensed member of the
network, by contract, or otherwise, restrict the merchant's discretion as to
how to display or advertise the merchant's prices.
'(b) Honor All Cards Rule- An electronic payment system network may not,
directly or through any agent, processor, or licensed member of the network,
prohibit any merchant that otherwise accepts payment cards bearing any logo
of the network from refusing to accept any particular type of card due to
its cost, except that the seller may be prohibited from refusing to accept a
payment card issued by a particular creditor or financial institution
without respect to any cost differences.
'(c) Steering Consumers- An electronic payment system network may not,
directly or through any agent, processor, or licensed member of the network,
by contract, or otherwise, inhibit the ability of any merchant to direct
consumers to the merchant's preferred form of payment.
<http://www.opencongress.org/bill/111-h2382/text>
Note Parts (b) and (c) above. It would appear to me that if this act were to
become law, one or both of those parts would prevent credit card companies
from imposing restrictions on collecting fees or not on forms of payment.
However, there is a long process still to unfold before this act becomes law
or even voted upon.
Barry Greenberg
Professional Development Group (PDG)
314-229-4808
_____
From: bursar-l-bounces_at_list.mail.virginia.edu
[mailto:bursar-l-bounces_at_list.mail.virginia.edu] On Behalf Of Bruce Forinash
Sent: Thursday, May 21, 2009 12:54 PM
To: Jay Harper; Jim Andersen; bursar-l_at_virginia.edu
Subject: Re: bursar-l: Convenience Fees
The only thing I could find quickly was the provision in Title IV, Section
501 of the enrolled bill (HR 627) that requires the Comptroller General to
study and Report on several aspects of Interchange Fees - report due in 6
months. See:
http://thomas.loc.gov/cgi-bin/query/D?c111:6:./temp/~c111jODXUg:e64208:
++++++++++++++++++++++++++++
Bruce Forinash
Director, University Cashier's Office
NC State University
2005 Harris Hall
Campus Box 7213
Raleigh, NC 27695
919.515.6010 (office)
919.515.1164 (fax)
bruce_forinash_at_ncsu.edu
www.fis.ncsu.edu/cashier
>>> On 5/21/2009 at 12:29 PM, in message
<B5F038942F75C24ABE8EE3FBC8308A5C0BDEC1BD_at_EV01.elon.edu>, "Jay Harper"
<jharper2_at_elon.edu> wrote:
I was curious as well. I don't think it applies to this, but please reply to
the list.
__________________
Jay Harper '94
Bursar
Elon University
Campus Box 2050
P.O. Box 398
Elon, NC 27244
(336) 278-5277 phone
(336) 278-5276 fax
From: bursar-l-bounces_at_list.mail.virginia.edu
[mailto:bursar-l-bounces_at_list.mail.virginia.edu] On Behalf Of Jim Andersen
Sent: Thursday, May 21, 2009 11:36 AM
To: bursar-l_at_virginia.edu
Subject: Re: bursar-l: Convenience Fees
According one news source I heard on the radio the new credit card
regulations include something about "credit card companies will not be
allowed to charge a fee to people who use their credit card to buy things
on-line or over the phone". Has any one else heard this and do you have any
idea how it will affect our being charged fees and whether we can pass them
on as convenience fees to students?
Jim Andersen
Assistant Controller
University of Wisconsin Platteville
Bursar-l Archives: http://fa1.finadmin.virginia.edu/bursar/
Subscribe or Unsubscribe: https://list.mail.virginia.edu/mailman/listinfo/bursar-l
