Cost reduction is critical in today's economy, but some areas of wasted spending are incredibly difficult to address internally. Credit card processing fees are certainly one of them.

The merchant services industry has evolved to be incredibly complex, and most finance teams don't have time to truly master all of the nuances. As a result, there are numerous misconceptions about credit card processing fees that often result in lost revenue. Will changing to a new processor save money? Who is in control of the fees? Can interchange fees be affected?

This session will discuss common myths, why they are costing you money, and the truth behind them.

Learning Objectives:

• Recall common myths about credit card processing fees


• Identify how these misconceptions cost businesses valuable revenue


• Evaluate the truth behind these misconceptions


• Summarize case studies and cost-savings examples