"Redbridge’s unique market knowledge enabled us to make the most of each bank and achieve our objectives. "
Overview
- Optimize payment card conditions, with a specific focus on enhancing commercial payment card acceptance
- Geographical scope: France
Objectives
- Optimize the cost of the electronic banking commercial processing chain
- Limit the impact of regulations on payment cards with on-us transactions
- Harmonize billing methods and establish uniform reporting standards between Metro and its banks
- Mitigate acceptance costs and implement a process to control fees
Results
- Achieved significant savings, especially with commercial card acceptance
- Converted over 60% of cards to on-us
- Reallocated and redirected cash flows toward more competitive partners who were motivated to work with Metro France
- Partially harmonized billing and reporting methods
Methodology
- Audited existing services and conditions
- Led two rounds of consultation
- Provided recurring reports so that Metro France could make the right decisions at every step of the process
- Provided simulations and recommendations for asset allocation based on the group’s policy and responses from the financial institutions
Redbridge’s Added Value
- Delivered actionable recommendations: identified key players and facilitated discussions, writing consultation and summary documents, etc.
- Led the consultation process: worked with a tight schedule and interacted with respondents
- Unique market knowledge: negotiated with different parties to achieve optimal results
- Provided end-to-end support until service agreements were implemented with each of the chosen banks