Payments Industry - Banking and Financial Sector - FinTech - NeoBanks / VP Payments / Head of Payments / Payments Business Head / CIO / COO
Many acquirers fail in the selection of the correct Interchange Rate Designator for the first presentment submission to the brands, which causes high rejection levels, or creates a liability when lower interchange rates are selected. This can compromise the profitability for entire merchant segments or MCCs. 🎯 👇 In TechXPay we can help you in the process of adjusting your IRD selection algorithm to optimize your acquiring operation, as well as avoiding any future liabilities for setting lower interchange rates to first presentments. #IRD #InterchangeRate #InterchangeRateDesignator #acquiring #payments #revenue #electronicpayments #TechXPay https://lnkd.in/du_ngbmH
In the acquiring operation with international brands, the Interchange Rate becomes one of the most critical elements in the acquiring business revenue model, even when additional revenue streams can be created on top of the merchant discount rate. 🔥 Many acquirers fail in the selection of the correct Interchange Rate Designator for the first presentment submission to the brands, which causes high rejection levels, or creates a liability when lower interchange rates are selected. This can compromise the profitability for entire merchant segments or MCCs. 🎯 In many cases the IRD selection algorithms need to be improved and adjusted to changes imposed by the brands periodically, as a result of payment product offer changes among other many reasons. 👇 In TechXPay we can help you in the process of adjusting your IRD selection algorithm to optimize your acquiring operation, as well as avoiding any future liabilities for setting lower interchange rates to first presentments. #IRD #InterchangeRate #InterchangeRateDesignator #acquiring #payments #revenue #electronicpayments #TechXPay
