Articles About Finance And Refinancing

Optimized Payments Consulting Helps Retail Merchants Lower Credit Card Processing Costs With New Research Paper

Atlanta, Ga. (PRWEB) August 20, 2008 -- In today's plastic society, electronic payment processing is a must for businesses to operate and to be competitive. Unfortunately, the high fees associated with credit card processing and merchant accounts are setting recession-hit firms back even further. To help companies meet this challenge, the payment processing experts at Optimized Payments Consulting (OPS) are sharing their expertise (http://www.optimizedpmts.com/blog/index.php)- gained over ten years working with retail, Internet, and healthcare clients - in a new white paper titled "How Accepting ATM Cards Can Improve Merchant Profitability."

The paper reveals how businesses can save 25 to 73 percent on processing costs for every transaction they migrate from signature debit and credit to PIN debit. Businesses leaders seeking ways to keep more of their gross profits can download the white paper at www.OptimizedPmts.com. They can read about the impact this strategy can have on their business and the steps needed to implement it.

"One of the biggest benefits of ATM or PINbased cards for merchants is that they can cost up to 73 percent less than credit and signature debit cards," explains Optimized Payments Consulting founder, Anand Goel. "When those savings are multiplied by thousands, hundreds of thousands or millions of transactions per year, the bottomline benefit is easy to see."

Recognizing that over 90 percent of merchants were unknowingly overpaying for credit card processing services, Goel established Optimized Payments Consulting to help merchants understand and reduce their payment processing costs. In the most recent in a series of white papers on the topic, OPS experts provide in-depth background and analysis on how merchants can accept and promote ATM cards and drive profitability.

By 2010, Morgan Stanley estimates that credit card processing rates will "rise to 1.86 percent and generate $32.4-billion in interchange fees." Those skyrocketing interchange rates, along with processing fees, are squeezing businesses as credit card processing fees eat away at their already shrinking bottom lines. Fortunately for these businesses, there are lower cost alternative payment options. According to Digital Transactions, an industry publication, the use of PIN-based debit cards in the U.S. has been rising faster than signature debit cards and credit cards. Merchant sales volume for PIN transactions has been growing 21 percent annually since 2000, slightly ahead of signature debit and significantly ahead of credit cards. And according to a recent study by Star electronic funds transfer (EFT) network, consumers preferred PIN debit over signature debit, with 54 percent opting for PIN and 38 percent for signature.

This trend spells good news for businesses that know how to leverage it.

Business leaders seeking strategies they can use to lower their payment processing costs can visit http://www.OptimizedPmts.com.

About Optimized Payments Consulting:

Optimized Payments Consulting is an Atlanta, Ga.-based consulting firm that leverages its associates' broad payment industry experience and proprietary software (http://www.optimizedpmts.com/interchange.php) to help businesses reduce their payment processing costs and improve their bottom line. Unique to the industry, the company measures its success by the actual cost savings to its clients, and its consulting fees are risk-free - charged only as a percentage of demonstrated savings.

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

A secured bad credit home mortgage loan comes with reduced interest rates
A secured bad credit home mortgage loan comes with reduced interest rates

Know The Interest Rates When Financing A Loan
It has become quite common for people to finance an auto loan when purchasing an automobile these days. When it comes to buying an automobile, not many people could actually afford to pay the car with cash upfront. Because of this, some would rather choose to take out loans for a huge array of high priced essentials. Similarly, there are other loans that fall into the same category including home mortgage loans and school/college loans. Finding the best lending company or institution is something that need to be done and it is not often easy. There are many factors that need to be considered when borrowing a loan and one of the most important factors is the finance rates on the interest of the loan.

Low Interest Rate Used Car Loan  Car at Simply No Cost
Introduction

Low Rate Home Equity Loans - Refinancing For A Shorter Term And Better Rate
Looking for a better rate is a common reason people choose to refinance their home equity loan. But did you know that shortening your loan term can save you more money than reducing rates? Combine the two and you will save yourself thousands in interest costs and trim years off your payment schedule.

Low Interest Rate Auto Loan - Increase Chances Of Getting Approved For A Low Rate
Getting approved for an auto loan is easy. However, obtaining a low rate auto loan may be a bit more challenging. When financing any sort of merchandise, the interest rate received makes a huge difference.

Auto Loans Low Interest Bad Credit: Car Loan without Credit Problem
Owning a car is apart from necessity enhances your status in the society as well. Driven by the urge due to either of the two reasons, you may wish to own a swanky car but are restrained by financial constraints. Going for loans is a good option but if you are a bad credit holder than a fear psychosis of exorbitant rates or being discriminated may check your advances for the quest of normal loans. This myth is now unshackling as bad creditors like you can approach for bad credit auto loans available at low interest rate. These loans are especially fabricated for people having CCJ?s, arrears, any default payment or due payments. Some facts and figure The lender is more interested in your current repaying capacity rather than seeing the ...

Student Loan Financial Group Announces Interest Rates on Variable-rate Loans Increasing July 1st
Student can take advantage of the lower rate if they apply before June 30th.

Low Home Mortgage Interest Rate - Finding the Best Mortgage Rate
Interest rates are at an all time low, making now the perfect time to purchase a new home or refinance your existing mortgage. The interest rate you receive will depend largely on your credit rating, monthly debt, and your income.

Types of Mortgage Loans with the Lowest Interest Rate
When you're shopping and comparing for a mortgage loan there can be a lot of discrepancies between what lenders offer. Some may offer lower rates with strings attached, others can offer the same terms but with a much higher rate. Shopping around, comparing and negotiating are key skills in getting the type of mortgage loan with the lowest interest rate.

Mortgage Loans, Construction Loans, Refinancing Mortgage Rate
TheLoansStore.com was created with the interests of the consumer in mind. If you have ever wondered if owning your own home or refinancing your current home would be possible, dont wonder anymore. From new Construction Loans to Mortgages Loans, Bad Credit Home Loans and Refinancing Mortgage Rate. Whether you have great credit, marginal or bad credit, theLoansStore.com can help. We know one size never fits all borrowers.

Credit Heaven Announces their Rate Busters Program to Slash Interest Rates for High Interest Loans and Credit Cards
The Rate Busters program is designed to achieve affordable and sustainable payments for borrowers by negotiating lower interest rates or periods of no interest on existing credit card, auto loans and mortgages. This in turn will maximize consumers' ability to reduce monthly payments, reduce debt, maintain or improve consumers' credit as well as reduce creditor's bad debt.

Refinancing Mortgage Loan - Get The Lowest Interest Rate You Can When Refinancing
Refinancing can be a very simple process. You fill out a few applications, take the best offer and you're done.

Refinancing Mortgage: Low Payment And Low Interest Rates
Those seeking a financial alternatives are often caught thinking that low payment refer to low interest rates. They should be aware that low interest rates vastly differ from low payment. With this in mind, they can veer away from dubious loan agents who will rush them to a new mortgage with high interest rates and add-on fees.

Importance Of Interest Rate On Refinance Loans
The interest rate is an issue that should never be bypassed when it comes to refinance home loans. Its importance is crucial as it will determine whether you benefit from refinancing or not. Though other loan terms like loan length, loan amount, and other less important clauses should also be considered, the interest rate should be your main concern.