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Understanding Payments Industry News

In an ever-changing landscape, keep ahead of the curve with insights and industry news from Optimized Payments.

Latest News from Understanding Payments

Unleashing the Power of Interchange Optimization: Maximizing Cost Savings in Payment Processing

For businesses that accept card payments, interchange fees are a significant component of the overall cost structure. Interchange optimization has emerged as the most critical strategic approach to minimize these fees and unlock substantial cost savings.   In this...
CROSS BORDER CHINESE PAYMENTS

CROSS BORDER CHINESE PAYMENTS

Merchants domiciled outside of China can accept CUP cards through their acquirers. UnionPay International (UPI) offers interchange rates to acquirers based on country, MCC, card product, and sales channel (e.g. retail, ecom). Interchange rates range from 0.20% to...

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Domestic Payments in China

Domestic Payments in China

U.S. companies expanding into China or companies who already have payment operations in China know that the payments landscape is familiar, yet quite different. China operates a four-party payment system (i.e. customer, merchant, acquirer and issuer) like the U.S.,...

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