Every time a customer swipes, taps, or enters a credit card number on your site, multiple payment costs can be deducted before funds reach your bank account. Interchange is one major component, along with network fees and processor or acquirer pricing. Interchange optimization is the process of reviewing transaction data, routing, settlement, card-network qualification, […]
Merchant services can do much more for a bank than add another line to its business product menu. When payments, deposits, reporting, and cash management work together, merchant services can become part of a much broader commercial banking relationship. The challenge is deciding how to build the program. A community bank may want […]
