In today's competitive business landscape, optimizing costs and streamlining operations are key priorities for companies of all sizes. When it comes to payment processing,...
Unlocking the Benefits: Level 2 & Level 3 Processing in Payments
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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
A Decade of Payment Industry Changes
Over the last decade, the card payments industry has undergone significant changes, fueled by technological advancements, changing consumer behavior, and increased competition. From the rise of mobile payments to the adoption of contactless cards, here are some of the...
FIVE BEST PRACTICES TO CONSIDER WHEN ACCEPTING CARDS IN AUSTRALIA
Accepting payments across the globe can be challenging, due to different payment methods, rates, network rules and regulations. Australia is no different. As your business looks to expand into Australia, or if you are managing payments for your Australian division of...
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...
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.,...
AFP 2020 Session preview: Harnessing Payments Data to Gain Powerful Insights
Anand Goel, CEO of Optimized Payments, is set to speak at this year's AFP Conference in Las Vegas. During these challenging times of social distancing, furloughs, layoffs, and working from home, it seems more critical than ever to do more with less and make...
Swipe Up. Reducing payment fees isn’t just a fad.
U.S. merchants will spend over $90 billion in credit card processing or swipe fees in 2019. For many organizations, swipe fees represent one of their top five operating costs. Swipe fees continue to grow, not only due to an increase in card sales, but also due to...
