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Shell reduces credit fees.(TOP OF THE NEWS)
- Article from:
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National Petroleum News
- Article date:
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May 1, 2008
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Copyright informationCOPYRIGHT 2008 Adams Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Shell has announced, effective April 28, it will introduce two changes designed to improve the operating costs of card acceptance to our channel partners. First, an enduring reduction to merchant service fees for MasterCard, American Express and Voyager (fleet card) will be implemented. Also, a new credit card settlement process will improve wholesaler and retailer cash flows by speeding up the timing of deposits into operators' financial accounts.
The second change will improve the timing of credit card settlement resulting in improved cash flow.
Additional marketer incentives ...
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