Chargebacks - What can be done to minimize the risk?
Instructor:
Brent Meyers
Product ID: 703119
- Duration: 60 Min
Why Should You Attend:
Chargebacks are, unfortunately, always going to occur regardless of the level of compliance the supplier has. This “right” is something that has a good side and a bad side.Can it be used as a way to extend payment to a supplier? Yes, but through arbitration the party that followed the rules will win. However, the potential needs to exist as some charges are legitimately invalid.
It is important to understand the reason for the chargeback and make sure your operating system and staff are doing everything they can substantiate the purchase.
A solid relationship with your processor is a necessary in this process, but there are several other things that will be discussed in this webinar to help. This webinar will discuss why chargebacks can occur, and what companies can do to minimize the risk of losing them.
Areas Covered in the Webinar:
- What is a chargeback?
- How are they misused?
- What can we do to minimize their impact?
- Who else can benefit from these changes?
- What are some best practices?
- What will this cost?
Who Will Benefit:
- Accounts Payable Professionals
- Accounts Receivable Professionals
- Financial Officers
- Risk Officers
- Internal Auditors
- Operational Risk Managers
Brent Meyers, has worked for Commerce Bank since May 2008 and is responsible for business development and commercial card services within the Midwest Territory. Mr. Meyers specializes in Automated Accounts Payable and Electronic Invoice Presentment and Payment (EIPP) solutions. Prior to joining Commerce Bank, he spent more than 8 years working at Enterprise Rent-A-Car, located in St. Louis, MO. There he held positions in Accounts Payable; Claims; and Credit Cards, both on the merchant and issuing side.
He received his Finance degree from Indiana University in Bloomington, IN. He is an Accredited Payables Solutions Consultant (APSC) through The Accounts Payable Network (TAPN) organization as well as a Certified Purchasing Card Professional (CPCP) through the National Association of Purchasing Card Professionals (NAPCP) organization.
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