AFP Conversations with Anand Goel

AFP Conversations is the only podcast for corporate treasury and finance professionals. Hear treasurers and CFOs discuss: capital structure, risk management, payments, cash forecasting, FP&A, budgeting, bank relationship management, short-term investing, FX, and more! In Episode 71 hear Anand Goel explain How Businesses can Leverage Credit Card Payments Data.

By |2017-12-29T13:06:41-04:00December 29th, 2017|General|0 Comments

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

Chip Card Nightmares?

As a consumer, I've noticed that EMV/Chip card transaction are slower.  As a payments industry consultant, I know EMV transactions are more secure for retail transactions but do nothing for online transactions.  EMV transactions will get faster and ubiquitous in retail.  As the following article from the WSJ argues, mobile payments will speed the adoption - 

By |2016-08-03T12:59:44-04:00August 3rd, 2016|General|0 Comments

EMV Status Report

By most industry accounts about 25-30% of US merchants are ready to process EMV transactions on October 1, just three days away.  This is not surprising as EMV enablement is complex, costly and just one part of the payments security layer (more on this later). […]

By |2017-04-19T13:12:16-04:00September 28th, 2015|Education, 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

Card Networks to Use Tokens for Mobile & Online Transactions

It it good to see the card networks (Visa, MasterCard and AmEx)  working together to develop a global standard that improves security and the consumer shopping experience in online and mobile channels. The following article in the WSJ discusses how this initiative will replace card  numbers with customizable tokens that can be used for online [...]

By |2017-04-19T13:12:17-04:00October 5th, 2013|Education, General|0 Comments

Durbin Hearing Update – Repayment of Debit Interchange Fees?

On July 31st the District of Columbia trial court invalidated the Federal Reserve Board’s Durbin regulation, upending the swipe fee regulation. This decision has left the industry in disarray with many open-ended questions. There was a status conference hearing yesterday, August 14, with the Fed and U.S. District Court Judge Richard Leon to discuss next steps [...]

By |2017-04-19T13:12:17-04:00August 15th, 2013|General|0 Comments

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