Optimized Payments Consulting
  • Home
  • About OPC
  • Services
    • Products and Pricing
    • Interchange Management
    • Chargeback Reduction
    • Web-Based Analytics
    • RFI/RFP Management
    • Mobile & Alternative Payments
  • News
    • Company News
    • Industry News
    • Upcoming Events
  • Blog
  • Resources
    • Settlement Calculator
    • FANF Calculator
    • Effective Cost Calculator
    • Glossary
    • Industry Resources
    • White Papers
  • Contact Us

Potential Claims Process & Details of the Visa/MC Settlement

By admin On May 15, 2013 · Add Comment
Last November 2012, Judge John Gleeson of the U.S. Eastern District Court of New York gave preliminary approval to a proposed $7.25 billion antitrust settlement claim against Visa and MasterCard.  This class action lawsuit brought on behalf of 7 million U.S. merchants alleged that the card networks artificially inflated interchange rates charged for credit and [...]
Read Full Article →

Online Calculator helps estimate the potential claim value from the $7.25 billion Visa & MasterCard settlement

By monika On May 7, 2013 · Add Comment
Last November 2012, Judge John Gleeson of the U.S. Eastern District of New York gave preliminary approval to a proposed $7.25 billion antitrust settlement claim against Visa and MasterCard.  OPC created a free online calculator to help merchants estimate their potential claim value along with a LinkedIn group to engage participants in the marketplace and to [...]
Read Full Article →

Credit Card Surcharging Overview & Updates

By admin On March 28, 2013 · Add Comment
As part of the settlement between the card networks (Visa and MasterCard) and merchants, the card networks are allowing merchants in the U.S. to impose a “surcharge” for using a credit card.  This rule went into effect on January 27, 2013.  Most large retailers have stated that they will NOT impose a “surcharge” on their customers [...]
Read Full Article →

$7.3 Billion Settlement – Short-Term Win for Merchants

By admin On July 17, 2012 · Add Comment
Visa and MasterCard have reached a settlement with merchant groups alleging antitrust violations in the setting of interchange fees for credit cards. The proposed $7.3 billion settlement provides one-time financial relief to merchants and allows them to apply a surcharge for credit card transactions. This article analyzes merchant impact from this settlement.
Read Full Article →

Strategies for Reducing Payment Processing Costs

By monika On May 18, 2012 · Add Comment
In the current economic climate, businesses are seeking ways to reduce their operating costs and bolster their bottom lines.  Credit card processing is one of the most confusing and complex services that companies buy today.  Here are 7 strategies  to help lower your payment processing costs and avoid paying excessive fees.
Read Full Article →

Strategies for Managing the Cost of Processing Small Ticket Payments

By monika On April 16, 2012 · 1 Comment
The cost of processing low value debit card sales (transactions less than $15.00) has dramatically increased for merchants since the implementation of the Durbin amendment on October 1, 2011. While this new regulation caps the debit interchange fees for regulated transactions and has saved billions of dollars for most U.S. merchants, it has created an [...]
Read Full Article →

Visa’s Fixed Acquirer Network Fee & Calculator

By admin On April 6, 2012 · Add Comment
Most merchants in the U.S. are about to repay some of the savings they realized from the Durbin amendment that became effective October 2011. Starting April 2012, Visa and MasterCard are implementing new fees and increasing some interchange rates that will cost most merchants from a few dollars to a few hundred thousand dollars per [...]
Read Full Article →

Visa Outage & Global Payments Breach

By admin On April 3, 2012 · Add Comment
Visa had a “brief” authorization network outage on Sunday lasting for about 45 minutes as reported CNET. This is the longest outage in memory, perhaps, in Visa’s history given their redundancy systems are over seven layers deep. Although unprecedented and surprising, it will have nominal long term impact, unless we experience [...]
Read Full Article →

Understanding and Reducing Chargebacks

By admin On March 20, 2012 · Add Comment
If a business starts accepting credit and/or debit cards for payment, inevitably it will get a chargeback, and for any business chargeback becomes a dirty word. It would be nice if addressing chargebacks was straight forward, but that isn’t reality. Each card network — Visa, MasterCard, Discover, and American Express — has its own rules, [...]
Read Full Article →

The top U.S. credit card issuers see increasing profits

By monika On February 24, 2012 · Add Comment
The top seven credit card issuers in the U.S. saw larger profits in 2011 than in 2010.  These profits are coming from an increasing use of credit cards by consumers.  Every time a consumer uses their credit card, a merchant pays a fee to process that card.  Some cards carry a higher processing fee than [...]
Read Full Article →
Page 1 of 612345...»Last »
  • Recent Posts/News

    • Potential Claims Process & Details of the Visa/MC Settlement
    • Online Calculator helps estimate the potential claim value from the $7.25 billion Visa & MasterCard settlement
    • Optimized Payments Launches Online Calculator to Help U.S. Merchants estimate their potential claim value from the $7.25 billion Visa and MasterCard settlement
  • Upcoming Events

    • Sun
      19
      May
      2013
      Thu
      23
      May
      2013

      The Institute of Financial Operations - Fusion 2013

      11:00 amDisney's Coronado Springs
  • Testimonials

    Accepting cards is crucial to our business but we never thought there was any opportunity to lower our processing costs. We were skeptical at first but OPC lowered our payment costs by about 20% within 2-3 months. And I have increased my knowledge about the payments industry and now know how to actually read a discount/fee statement. This is truly a win-win, no-risk service.James KiddSenior AccountantHank Haney International Junior Golf Academy
    Without OPC’s help I could not have found all of these savings. OPC also made the process relatively simple and meaningful. I highly recommend them.Rick YanceyCFOTop Knobs USA
    Given Optimized Payments business model, I didn’t have any cost or risk. And the savings were significant. Great service!Casey CotePresidentMeeting Consultants, Inc.
    This was found money. OPC’s impact on our bottom line was significant and they did not disrupt our business. This is a no brainer.Ravi AgarwalCEO123together.com
    Credit card processing is a complex service and we did not have time to become payment experts. For the few hours my staff and I invested in working with OPC, the payback has been tremendous.Irene WreenCFO Public Broadcasting Atlanta
    We expressed a strong desire to remain with our current processor. Despite that limitation, OPC reduced our monthly fees by 21%. OPC’s approach was a welcome change compared to the hard sell tactics that we encountered through numerous unsolicited calls from processors.Don BalchunasVP FinanceBadger Land Car Wash Equipment & Supplies
    Due to the economic downturn, BlueWave has required many existing and most new accounts to pay for service via our monthly automated credit card billing system. Even though BlueWave has doubled its credit card processing volume over the last year, Optimized Payments has been able to cut processing fees in half while streamlining the process for us.Bryan GillettDirector of Corporate AdministrationBlueWave Computing
    Under Optimized Payments guidance, we have gained a clear understanding of the credit card processing industry. OPC quickly identified cost saving opportunities, which we have implemented to measurable results. I highly recommend OPC to any organization looking to analyze and optimize their current payment processing strategy.Ilya UmanskyTreasury LeaderRatner Companies
  • Connect With Us

  • Join Our Mailing List


  • Search Blog

  • Home
  • About OPC
  • Services
  • News
  • Blog
  • Resources
  • Contact Us