Processing Interchanging Optimization
We are often asked about interchange optimization and what it really means for their company’s bottom line. By submitting additional information with each transaction, certain business credit/debit cards can realize .05% to 1.10% savings on each transaction.
In recent years, business and corporate cards have become more commonplace in general retail establishments, thus making interchange optimization even more important for any business accepting credit cards.
Interchange optimization refers to the set standard of industry-specific requirements that were established by the major card brands (Visa, MasterCard, Discover, AMEX). Every time a credit card transaction is processed, it’s directed to an interchange category that has specific rate and fee assigned. There are hundreds of interchange categories that are specific to the industry of the merchants involved in the transaction. We provide the solutions you need to process transactions no matter your industry.