MSP Consulting Partner Mike Higgins recently authored an article for Community Banking magazine, a publication by Midwest Independent Bank (MIB).
The article, “Credit Card Processing Fees: What Banking Executives and other Banking Professionals Need to Know,” outlines the importance for bankers to understand the strategies of the credit card processing industry. Choosing the correct service offerings, knowing what their clients are experiencing, and adding value added merchant services solutions are important factors bankers must be aware to improve profitability of their banks.
Click here to read the article, which can be found on page six of the November 2017 issue of Community Banking.
MIB is a “bankers’ bank” and provides a wide array of correspondent banking services to approximately 550 financial institutions throughout the Midwest. Based in Jefferson City, Missouri, MIB’s banking services are provided exclusively to financial institutions. Learn more about MIB at mibanc.com.