Webinar: 5 Ways to Optimize Your Interchange Costs Now

Wednesday, April 25, 2018
      12:00 p.m. - 1 p.m. Central

This webinar was for all MAG members and prospect members.

This webinar was recorded.

View presentation slides and download the recording on the MAG's Member Resources page.

Interchange rates are set by the networks and they have setup a complex scheme of more than 700 interchange categories. Various considerations are involved in how interchange rates are set and applied for a specific transaction. Since interchange fees represents 80% to 85% of the total cost of processing cards in the U.S., it is imperative for corporates to understand and optimize these fees.

Attendees of this webinar explored the latest trends, macro forces and transaction specific variables that impact the interchange fees paid by merchants. It was an interactive session that offered insights into the rates and shared pain points from your merchant peers. This webinar also outlined a framework for understanding and optimizing interchange fees with the goal of reducing the overall cost of card payments.

A merchant client shared their journey of understanding and optimizing interchange fees, and why this topic is so important to their business.

Presenter: Anand Goel (CEO, Optimized Payments Consulting)

Goel_Anand photoAnand Goel is the CEO and Founder of Optimized Payments Consulting (OPC). OPC is a 10-year old consulting firm that leverages its proprietary software and industry expertise to help merchants streamline their payment operations and reduce the cost of card payments. OPC has helped companies like Verizon, Cablevision, LabCorp, Waste Management, PetSmart, AutoNation and Barneys New York save over $180 million in interchange and card processing fees.

Mr. Goel is a noted expert in payments industry. He is on the Payments Editorial Advisory Board at AFP (Association for Financial Professionals). He has also spoken at numerous industry conferences, including Merchant Risk Council, Association for Financial Professionals, NACHA, Institute of Financial Operations and regional Treasury Management Associations.

PresenterGreg Moore, CMA, CTP, Director Treasury Operations at AutoNation, Inc.

GKM Head ShotGreg Moore is responsible for treasury management activities to support AutoNation’s corporate headquarters, shared services center and 200 plus retail locations. AutoNation is America’s largest automotive retailer headquartered in Fort Lauderdale, FL. AutoNation is a Fortune 500 company with over 26,000 Associates at over 290 new vehicle franchises across 15 states.

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