Memorandum Regarding New Credit Card Programs



Memorandum Regarding New Credit Card Programs :




This Memorandum should be typed in the official letter-head of the company.


TO :


FROM :


DATE :


SUBJECT : Memorandum Regarding New Credit Card Programs


Effective February 1, you will be able to accept bank cards and all major credit cards, including Voyage, First Card, and Service Express. By accepting these cards, in addition to our own preferred cards, you can provide your customers one of the strongest creditcard programs in the industry.


In order to offer this program to you, however, we will have to assess a three percent processing fee on all bank-card invoices remitted and billed on your monthly statement. You will receive a monthly invoice detailing the charge by site number. Your acceptance of these bank cards will acknowledge your agreement to the regulations set forth in the revised credit-card guide and to the processing fee.


The benefits of accepting credit cards other than our own are three-fold.


Convenience of processing


Opportunity to attract customers not carrying our card


Larger purchases typically made by credit-card users


You will soon receive processing and authorization instructions from the credit-card center. Please review these with all your employees and dealers so they become familiar with the new procedures. Because our credit-card processing equipment can distinguish among the different cards, there is no need for you to separate the invoices.


If you have any questions, please contact your sales representative.


Cordially,




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