Published Articles

/Published Articles

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

$7.3 Billion Settlement – Short-Term Win for Merchants

Visa and MasterCard have reached a settlement with merchant groups alleging antitrust violations in the setting of interchange fees for credit cards. The proposed $7.3 billion settlement provides one-time financial relief to merchants and allows them to apply a surcharge for credit card transactions. This article analyzes merchant impact from this settlement.

By |2017-04-19T13:12:18-04:00July 17th, 2012|Analysis, Education, General, Published Articles|0 Comments

Understanding and Reducing Chargebacks

If a business starts accepting credit and/or debit cards for payment, inevitably it will get a chargeback, and for any business chargeback becomes a dirty word. It would be nice if addressing chargebacks was straight forward, but that isn’t reality. Each card network — Visa, MasterCard, Discover, and American Express — has its own rules, [...]

By |2017-04-19T13:12:18-04:00March 20th, 2012|Analysis, Education, General, Published Articles|0 Comments

Healthcare Self-Payment Collections – Reducing Cost of Card Payments

We prepared the following analysis before the Durbin amendment became effective on October 1, 2011.  We will be updating this analysis in the near future but the general guidelines presented are still very valid. Reducing your healthcare organization’s cost of processing credit and debit card payments from patients or businesses can be a herculean task [...]

By |2017-04-19T13:12:19-04:00December 1st, 2011|Analysis, Education, General, Published Articles|0 Comments

Value of Discover & American Express Acquiring/Processing

About four years ago, Discover and American Express started updating their business model by letting acquirers add its cards to the payment options they offer to merchants.  Traditionally, acquirers or payment processors could only offer Visa and MasterCard processing, and merchants had separate agreements with Discover and AmEx.   Therefore, merchants became accustomed to getting three [...]

By |2011-07-07T01:17:53-04:00July 7th, 2011|Analysis, Education, General, Published Articles|0 Comments

Understanding and Managing Your Payments Effective Cost

Pricing in the credit card processing industry is very complex and most merchant statements do not make it any easier to understand. There are so many technical and industry laden terms (Interchange, qualification tiers, downgrades, batch fee, ACH fee, authorization fee, settlement fee, AVS fee, PCI compliance fee, etc.) that even a sophisticated financial manager [...]

By |2017-04-19T13:12:29-04:00May 4th, 2009|Analysis, Education, General, Published Articles|0 Comments