Description
This webinar will review the strategies and tactics merchants can use to manage their overall cost of payment acceptance. The discussion will provide insight into how the accelerating shift from card present to card not present transactions may introduce new costs and increase overall payment costs. We will also discuss techniques for lowering interchange and other network costs as well as implementing a routing strategy to minimize overall cost.
Learning Objectives:
- Participants will gain an understanding of key components of the total cost of payment acceptance.
- Describe key cost changes in migrating from in-store payment processing to digital payments.
- Review tactics for lowering cost of acceptance (debit routing, interchange optimization, contract management).
Contributors
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Jim DuBoyce | Managing Director - W. Capra Consulting Group
With experience in finance, payment operations, risk management, procurement and supply chain management roles in his career, Jim brings a diverse background to W. Capra and his clients. Jim specializes in assisting clients develop their payment acceptance strategy, reduce processing costs, and improving payment operations. His client engagements include major oil companies, convenience store chains, drug stores, quick serve restaurants, specialty retailers, card issuers and online merchants.
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Mason Zurovchak | Senior Consultant - W. Capra Consulting Group
Mason has served as a consultant at W. Capra for over three years, with experience mainly in general retail and retail petroleum. He has worked on projects ranging in focus from cost analysis to payment strategy.