MSP Consulting Partners Patrick O’Boyle, Michael Higgins and Steven Beene recently authored an article for Bank News.
The article “Credit Card Processing Fees: What banking executives need to know to generate income,” highlights the need for banking executives and professionals to understand the ins and outs of strategies used by the credit card processing industry. The article also notes the pitfalls of what most commercial banking clients are experiencing, and how banks can position themselves to positively impact the bottom lines of their customers.
“Due to the increase of credit card acceptance across every industry, the fees associated with merchant processing have become a significant cost line item on the P&L,” MSP wrote for the publication. “In many cases processing fees have entered into a business’ top five expenses.”
Click here to read the full article.