About Monika

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So far Monika has created 28 blog entries.

Leveraging payment analytics to reduce interchange costs

By Michael D. Lenihan Published in AFP's Exchange Fall 2017 issue Did you know the credit interchange rates in the United States are the highest in the developed world?  This might raise the question as to how your company stacks up against best practices and overall costs of acquiring these sales, given the continued strong [...]

By |2017-10-13T11:11:57-04:00October 13th, 2017|General|0 Comments

What is your Processing IQ?

Anand Goel was recently quoted in an article on card processing fees in Convenience Store Decisions by David Bennett.  This is a great article that talks about the fees paid by merchants for accepting card payments.  Here is an excerpt from the article with a link to the entire article. COST OF DOING BUSINESS Perhaps no topic [...]

By |2017-10-09T12:57:43-04:00October 9th, 2017|General|0 Comments

Understanding and Tracking Card Payment Acceptance Costs

Credit and debit card payments are surging.  The “2016 Federal Reserve Payments Study,” which has been tracking longitudinal trends in consumer and business payments, cites that: Payments made with general-purpose credit cards and with non-prepaid debit cards each grew faster than other payment types from 2012 to 2015, in terms of both percentage growth and growth [...]

By |2017-08-29T17:03:16-04:00August 29th, 2017|General|0 Comments

Collusion Course: Allegations Muddle Interchange Settlements

Anand Goel was recently quoted in an article on AFP by Andrew Deichler.  This is a great article discussing why the $5.7 billion interchange settlement between Visa/MC and retailers might be in jeopardy. Here is a preview with a link to the entire article. The controversial $5.7 billion settlement between Visa, MasterCard and retailers over [...]

By |2015-08-19T13:56:20-04:00August 19th, 2015|General|0 Comments

Visa/MC $5.74 billion Settlement Approved

On December 13, 2013, the U.S. District Court for the Eastern District of New York approved a $5.74 billion Class Settlement among merchants, Visa, MasterCard and other Defendants in the class-action lawsuit. The settlement “secures both a significant damage award and meaningful injunctive relief for a class of merchants that would face a substantial likelihood [...]

By |2017-04-19T13:12:17-04:00March 6th, 2014|Education|Comments Off on Visa/MC $5.74 billion Settlement Approved

Optimized Payments to help U.S. Merchants file their potential claim for the $7.25 billion Visa and MasterCard settlement

U.S. Merchants who processed Visa and MasterCard credit and/or debit cards between January 1, 2004 and November 28, 2012 are members of $7.25 billion Visa and MasterCard settlement and will be eligible to file a claim when the settlement receives final approval.  Optimized Payments Consulting has just launched an agent service to file claims on [...]

By |2017-04-19T13:12:17-04:00September 26th, 2013|Press Releases|Comments Off on Optimized Payments to help U.S. Merchants file their potential claim for the $7.25 billion Visa and MasterCard settlement

Breaking News: US judge rejects Fed’s Durbin Amendment

U.S. District Judge Richard Leon in Washington rejected the debit-card cap set by Durbin Amendment and sided with retailers who thought the fees were too high. The National Retail Federation, the Food Marketing Institute, and the National Association of Convenience Stores filed a suit complaining the fees set by the Durbin Amendment were too high.  [...]

By |2017-04-19T13:12:17-04:00July 31st, 2013|General|0 Comments

Those Nasty Network Fees by Elizabeth Whalen

Anand Goel was quoted throughout this article published in Digital Transactions June 2013 issue by Elizabeth Whalen on network fees. When MasterCard Inc.'s new digital-wallet fee takes effect this month, it will join a growing list of other fees imposed by the two largest payment card networks. These fees and related charges, which are separate [...]

By |2017-04-19T13:12:17-04:00July 5th, 2013|General, Published Articles|0 Comments

Many Retailers Opt Out of Visa/MC Settlement

The deadline to opt out of the $7.25 billion Visa/MC Settlement has past.  The lawsuit filed by 17 retailers led by Target and the opt out of led by Wal-Mart is not surprising given the May 28 Settlement Class opt out deadline. Some of the retailers that have opted out include: Abercrombie & Fitch American [...]

By |2015-06-20T18:46:26-04:00June 4th, 2013|General|0 Comments

Online Calculator helps estimate the potential claim value from the $7.25 billion Visa & MasterCard settlement

Last November 2012, Judge John Gleeson of the U.S. Eastern District of New York gave preliminary approval to a proposed $7.25 billion antitrust settlement claim against Visa and MasterCard.  OPC created a free online calculator to help merchants estimate their potential claim value along with a LinkedIn group to engage participants in the marketplace and to [...]

By |2015-06-20T18:46:45-04:00May 7th, 2013|General|0 Comments