I know that Reg E doesn't apply to commercial customers, but is anyone aware of any disclosures that are required when a commercial customer contracts for a debit card? Can we do strictly an application with no disclosures?

Thank you!

bump...does anyone give commercial customers any disclosures?

We do, it is similar to our consumer disclosures, but doesn't get into the consumer liability issues.

Thank you!

You may want to define "disclosures" as you should certainly be defining the terms of use/agreement in some document. I'm not sure if V/MC has a separate list of terms you must provide or not, if you have an affiliation with them.

We have them sign a little application that also makes them state that they are aware that they are not covered by the protection of Reg E, blah, blah, blah.

I believe MC now requries zero liability even for business cards in cases of theft, something they did not do before. The date change was March of this year?

VISA also has the same ruling for commercial cards and zero liability but states itonly covers those transactions processed through the VISa network.

You must at least disclose the association programs associated with the card your bank issues, including the Zero Liability Policy.

Is anyone willing to share what they are providing the customer since the no liability changes went into effect? If so I will provide my email address.