Interchange Fee Factors Merchants Can Influence

For businesses nowadays, accepting payment cards is non-negotiable. The process of a payment card transaction seems simple; a customer swipes, dips, or taps their card, receives approval, and easy as that, they are on their way with their newly purchased products or services. However, behind the scenes of this seemingly simple process, several participants are working to complete the transaction. Participants can include the cardholder, the merchant, payment card networks, issuing banks, and card acquirers, each of which can include a fee for their participation in the transaction. For corporations, who can see thousands or millions of transactions daily, the fees can quickly add up.

The Effects of Rising Rates on Account Analysis

With the gradual rise in the fed funds rate over the last two years, higher earnings allowance rates are creeping in ever so slowly. Whether working for a bank,  credit union,  small business, or a large corporation, higher Earnings Credit Rates (ECR) affect everyone using account analysis. Have you ever wondered what effect the rate hikes have on account analysis and / or bank fee analysis?

The 5 Common Bank Billing Errors

Is your business grappling with excessive banking fees? Are they accurate or erroneous? An analysis of your bank billing statements can help you solve this dilemma. It is not uncommon for a banking institution to make errors that affect their customers. In January 2018, Wells Fargo double charged an unknown amount of consumers due to an internal processing error. Below we break down five of the common billing errors we see when helping our customers.

Excited to be returning to the New York Cash Exchange Conference!

Redbridge is excited to be presenting insights pertaining to Global Treasury and Cash Management, including optimization of bank cash management and payment card fees as well as our next generation of bank fee monitoring software, HawkeyeBSB. Don’t miss our speaking session! We look forward to speaking with you at Booth #218, where members of Redbridge will be located.

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