Payment Cards 101: The Ultimate Guide
While credit rating agencies have not yet changed their central scenarios for credit default rates, they appear to be growing more nervous in the face of changes in the economic cycle and the resurgence of volatility against a backdrop of greater geopolitical uncertainty.
Following pressure from the European Commission, Visa and Mastercard pledged last year to cut their European interregional multilateral interchange fees by at least 40%. The two international networks will honor their commitment on October 19, 2019, according to banking sources.
In many treasury organizations, bank fees are simply left unchecked. We all know we should be monitoring them, but most of us run out of time or energy before we can tackle the problem. We have found time and time again that with the right abilities, a treasury professional can have a great impact on their company’s bank fees and get themselves recognized as a treasury ‘superhero’ in the process.
A bank’s capitalization and risk and commercial approaches will generally be the biggest determinants of its risk appetite. This is not to forget that, over the years, compliance organizations have also become major components of the risk apparatus, writes Mihai Andreoiu, senior director at Redbridge Switzerland.
If history tells us anything about the card network and card issuing bank interchange system, it is this: the proposed terms of the settlement will not provide greater transparency or reductions in interchange fees moving forward. Merchants will continue to face complexity, obscurity and substantial costs in the long term, writes Chelsey Kukuk, payment card expert at Redbridge.
Redbridge is delighted to announce the acquisition of substantially all the assets of Vizant, a U.S.-based advisory firm specializing in payment cards. The transaction creates a leading global advisor in the fast-growing payment card landscape, uniquely equipped to support merchants and companies in their journey towards digital transformation. Watch our short clip to find out more.
With the recent lifting of the ban on merchant surcharging, the U.S. payments industry has not seen widespread adoption. However, as fees continue to climb, card-not-present volumes increase, and there are fewer options to lower fees, merchants are finding themselves backed into a corner.
Capital management and risk-adjusted performance are increasingly complex tasks for corporate treasurers, particularly in relation to their banking relationships. Banks have utilized RAROC (risk-adjusted return on capital) – a risk-based profitability measurement – for decades as a key factor in determining their appetite for business relationships with corporations.
When fuel prices rise and fall consumers expect airline tickets and other prices to follow suit. With the recent reduction in FDIC surcharges, many large corporations are wondering if their banks’ “deposit assessment fees” will also be reduced.
In our BAM blog series, we strive to look at the problems of bank account management from a modern perspective. Our first installment focused on proper bank account management practices in the risk-focused world. In this installment of the series, we will discuss using the account analysis or bank fee statements you receive from your banks as a monitoring tool for establishing effective account and transaction controls in your treasury operation.
Redbridge Debt & Treasury Advisory provides confidence and peace of mind to clients with recent SOC 2 certification
Redbridge earns the SOC 2 Type 2 certification after an audit in early 2019. The certification confirms Redbridge has established and follows strict information security policies and procedures.
In today’s payments world, one topic continues to be top of mind for both bankers and practitioners- speed. Enter Real Time Payments (RTP), the latest form of payment that aims to provide the quickest receipt option between businesses and consumers.
The limited capacities of the banks have led to the emergence of alternative financiers such as trade finance funds, which are typically launched by industry professionals willing to get involved with transactions that are not in the interest of traditional banks. The universe is still in its infancy, with only around 15–20 such funds around the world and total assets under management of less than USD 10 billion.