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How can I better understand and audit credit card interchange rates? (Webinar Attendee Question)

This question was asked by an attendee during the Proformative webinar "Leveraging Analytics to Manage the Cost of Credit and Debit Card Payments" held on February 7, 2013.  Please join the discussion and add your insights below.

A video of the webinar can be viewed here: https://www.proformative.com/resources/webinar-video-leveraging-analytics-manage-cost-credit-debit-card-payments

Answers

Topic Expert
Anand Goel
Title: CEO
Company: Optimized Payments Consulting
(CEO, Optimized Payments Consulting) |

there are many blogs, including ours at http://www.optimizedpmts.com/blog/ that cover the payments industry. These blogs and articles can educate you on interchange, as well as the payments industry. You can also contact your acquirer/processor for more information about interchange. Honestly, you have to invest meaningful time to really understand the nuances of the payments game. You can also look to industry consultants to help you ramp up your knowledge and provide you with an initial audit.

Feel free to reach out to me at anandatoptimizedpmts [dot] com if I can help.

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