Articles & News About Your Credit

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

Credit Cards For Bad Credit Can Help Rebuild Credit
Despite all the publicity to the contrary, there are credit cards for bad credit holders and people are willing to pay a lot of money to get themselves more credit. Very few people with bad credit planned for it to happen, but illness or joblessness can quickly take a financial toll on them, leaving them choosing between eating, having a place to live and paying some of the bills.

Credit Cards For People With Bad Credit Scores
Sometimes life lands you in a situation that causes your credit to suffer. A job loss or illness can send your credit rating south leaving you with nothing to do about it.

Bad Credit Affects Credit Card Applications
It is a very well-known practice that before actually doing business with any particular person, you must have considerable knowledge about his/her credit history. This is usually done to balance or minimize the risk involved with such transaction.

Business Credit Card Application Needs Good Credit Report
As with a personal credit card, the business credit card is a highly efficient method for obtaining, granting, and expending loans. The applicant for a business credit card needs do little more than fill out a brief application or key in a few bits of information over the Internet. In most cases, the customer is granted a line of credit, which can be accessed and expended quickly and easily each time the business credit card is used. Assuming that the customer has a good credit record, the credit limit will automatically be increased when it is reached, thereby increasing the loan amount without much effort on the part of the business credit card holder.

Apply Bad Card Credit Credit Online
Within this article on Apply bad card credit credit online, we will look at a couple of different cards that you can look at applying for. We will look at the benefits of each card and let you come up with the decision on what you think the best card for you is.

Compare Bad Credit Credit Card Offers: Credit-Card-Surplus.com Adds 2 New Bad Credit Credit Cards, Offering Consumers a Complete List of Bad Credit Of
www.Credit-Card-Surplus.com announces the addition of two new bad credit credit cards to its website, creating more options for those who have less than perfect credit. Consumers that have filed for bankruptcy or have a low credit score qualify for bad credit credit cards. When used properly, these cards enable customers to rebuild their credit and improve their standings among lenders. With the addition of the Total Visa® Card, and the Access Visa® Card, www.Credit-Card-Surplus.com provides a total of 13 bad credit cards for consumers to compare.

Affordable Bad Credit Mortgage Loans - 3 Tips to Reasonable Bad Credit Mortgage Loans
Finding a mortgage loan with a bad credit rating can be an absolute nightmare: Driving from broker to broker, bank to bank, getting turned down every time, all the while your credit keeps dropping with every credit check. Fortunately, this painful process can be avoided with just a few simple tips.

Bad Credit Mortgage Loans Online - How Your FICO Credit Score Can Affect Your Loan Approval
When applying for a mortgage loan when you have a bad credit history. There are a few things you should know about your FICO score that will help you know what to expect from mortgage lenders.

Credit Card Offers For People With Bad Credit History: A Chance For Rebuilding Your Credit
It is a fact that credit cards are one of the most important tools in today's society. With it, you will be able to purchase the things you need even if you still don?t have the cash for it. The way this works is that the credit card company will let you borrow the cash for the purchase. You will then pay it back monthly with an interest if not paid fully. Just make sure that you pay it back on time and also with the minimum payment required every month in order to avoid outstanding credit card debt that can accumulate a lot of interest.

Applying For Credit Card With A Bad Credit Rating
Have you found yourself in a downward spiral trying to get caught up on bills, yet only finding your debt climbing higher and higher? Unfortunately, that is a reality for many people in society today. The amount of debt per family in the United States is at an all time high. This type of spending behavior and financial planning will lead you to have bad credit. That will only add to your cycle, as you will find your interest rates for major purchases and credit cards with climb as your credit rating falls. Thus, you will struggle more and more financially.

Apply For A Credit Card Online Even If You Have Bad Credit
It is undeniable that we need credit cards. There have been some debates about this "need" but with the majority of American people possessing a credit card or two maintaining a permanent residence in their wallets, it seems that the "need" side is winning.

Apply Online For A Credit Card - Instant Online Credit Card Application
The Internet has changed the lives of many of us in lots of different ways and we can now do our shopping, book flights, download music, software and ebooks, and even apply online for a credit card. Making an instant online credit card application is quick and efficient and comparison charts make it simple to find a low interest rate credit card, or the best credit card deal to suit your personal needs.

Bad Credit Home Loan - Apply Online and Keep Your Credit Score as High as Possible
If you have a poor or bad credit history with something in your past like a bankruptcy or a foreclosure, you know how difficult it can be when you try to get financing for a home mortgage purchase, refinance, home equity or second mortgage loan. Its important to be persistant in looking because there are home mortgage loans out there for people with bad credit.

Credit Card Application Tips For People With Bad Credit
A common misconception of a lot of people is that the best credit cards in the world are unavailable to the average joe. By "best", we don't necessarily mean credit cards with almost bottomless credit limits; the best credit cards are ones that provide reasonable interest rates while allowing for adequate expenditures, are accepted almost anywhere in the world in a wide variety of establishments, and provide added perks and benefits for their users.