Announcements
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Anand Goel to present at NACHA Payments 2013
Anand Goel will be in San Diego, CA to present at the NACHA Payments 2013 conference. He will be discussing analytics and demonstrating how they can be used to understand and lower the cost of processing debit and credit card payments. To find out more about the NACHA conference, go to https://payments.nacha.org/.
March 13, 2013 -
Anand Goel to present at AFP’s 2012 Annual Conference
Anand Goel will co-present Nuances of the Game: Strategies to Manage Card Interchange at this year’s AFP annual conference in Miami.
October 15, 2012 -
Anand Goel added as a Payments Advisor for Proformative
Anand Goel was added as a Payments Expert on Proformative for his unique insights into the electronic payments industry.
May 1, 2012 -
Anand Goel speaks at MRC Conference
Anand Goel presents Using Analytics to Manage Payment Acceptance Costs at the 2012 Annual MRC (Merchant Risk Council) Conference in Las Vegas, NV.
March 28, 2012 -
Anand Goel added to the Editorial Advisory Board for AFP’s Payments Newsletter
Anand Goel was recently added to the Editorial Advisory Board for AFP’s (Association of Financial Professionals) Payments newsletter. His unique perspective on payments and his contribution with quotes and articles have helped define him as an expert in his field.
February 29, 2012 -
Optimized Payments in Atlanta Business Chronicle
Optimized Payments Consulting founder, Anand Goel, was quoted in the Atlanta Business Chronicle’s article on upcoming technology that enables PIN-debit transactions over the web.
August 29, 2008
Press Releases
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New payments expert joins OPC to solve payment pain points for merchants.
Optimized Payments Consulting welcomes new payments expert! Optimized Payments Consulting (OPC) is excited to announce and welcome Joseph Dembek as Vice President of National Accounts. Joseph has extensive experience in interchange management, chargebacks, cost management strategies and all aspects of credit card processing. Anand Goel, OPC CEO, stated, “We are excited to have Joseph join
January 10, 2018 -
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
September 26, 2013 -
Optimized Payments Launches Online Calculator to Help U.S. Merchants estimate their potential claim value from the $7.25 billion Visa and 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. Optimized Payments Consulting has just launched a free online calculator to help merchants estimate their potential claim value along with a LinkedIn group to engage participants
May 7, 2013 -
Optimized Payments Introduces Free Online Calculator to Help Merchants Estimate Their Monthly FAN Fee
Visa’s Fixed Acquirer Network Fee (FANF) will be passed on to merchants beginning April 1st. The calculation of this fee is extremely complex and large merchants with many locations, multiple MCCs and mix of card present and card not present sales are having a difficult time calculating the impact of this fee to their organization.
April 10, 2012 -
Optimized Payments Launches Free Online Calculator to Helps Businesses Understand & Lower Credit Card Processing Costs
Company launches a free online calculator along with free webinars to help businesses of all sizes understand and lower their cost of processing credit and debit cards. Read press release here.
July 2, 2009 -
Consulting Services Expand to Canada
Optimized Payments Consulting has expanded its novel, risk-free consulting services to merchants in Canada. The move to the Canadian market began when a U.S. based client had retail operations in Canada. To meet this client’s need, Optimized Payments customized its proprietary OPTIMIZED PAYMENTS™ methodology to this new market. As in the U.S, Optimized Payments will
March 25, 2008
Articles
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Strategies for Managing the Cost of Processing Small Ticket Payments
Published in AFP Payments Newsletter July 2012 The cost of processing low value debit card sales (transactions less than $15.00) has dramatically increased for merchants since the implementation of the Durbin amendment on October 1, 2011. While this new regulation caps the debit interchange fees for regulated transactions and has saved billions of dollars for
July 1, 2012 -
Overview of EMV in the U.S.
What is EMV & why is it important? EMV is an acronym for Europay, MasterCard, and Visa, and represents the 1994 founders of the global standard for credit and debit payments based on chip card technology. Today, Europay is owned by MasterCard and EMV standards are set by EMVCo, a joint venture of Visa, MasterCard,
February 22, 2012 -
Undercard Bout – American Express prepares for 12 rounds with the DOJ
Anand Goel was quoted in an article by Andrew Deichler in the AFP Exchange December 2010 issue American Express is lacing up its gloves and preparing to do battle with a fairly formidable opponent: the U.S. Department of Justice. In an attempt to crack down on credit card companies that it feels hold too much
December 1, 2010 -
Get a Grip – Understanding and Managing Your Payments Effective Cost
Published in AFP Exchange October 2009 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 fees, qualification tiers, downgrades, batch fees, ACH fees, authorization fees, settlement fees, AVS fees, and PCI
October 1, 2009 -
Pins Rising
Published in AFP Exchange April 2009 The use of ATM or PIN-based debit cards in the U.S. has been rising faster than signature debit cards and credit cards over the past decade. Merchant sales volume for PIN transactions has been growing 21% annually since 2000, slightly ahead of signature debit and significantly ahead of credit
April 1, 2009 -
Optimizing Merchant Services
Published in AFP Exchange March 2009 The payments industry has been evolving rapidly, presenting merchants with new and alternative payment products or methods. Research shows that adding more payment options leads to higher conversion rates. According to a CyberSource survey, merchants that accept three or more alternatives can see up to a 14% lift in
March 1, 2009