Episode 60 – Where and Why Interchange Optimization Works – CardConnect

George Peabody

August 24, 2017

POF Podcast

Interchange is fundamental to open loop card system economics and a mystery to many, especially to merchants who must pay it but don’t perceive any benefit from it. It’s a non-optional component of what the merchant pays to accept cards. It’s one element of the merchant discount fee. Despite the stubborn fact of it, there are ways for some merchants to make sure they pay as low a rate as possible.

Join Angelo Grecco of CardConnect (now a part of First Data) and Glenbrook’s George Peabody for a conversation about interchange optimization, an approach that certain B2B merchants can employ to lower their acceptance costs.

In this episode of Payments on Fire we decode the payments industry terms:

  • Merchant discount fee
  • Interchange
  • Bundled pricing
  • Interchange plus pricing
  • Level II/III data

If you’re new to payments or just need a refresher on interchange, take a listen!

Recent Payment Views

Demystifying Payments Orchestration: Part 1

Demystifying Payments Orchestration: Part 1

Introduction For those of us who follow the payments industry, it has been difficult in the past few years to avoid the hype around payments orchestration.  The ubiquity of the term begs the question: what exactly does payments orchestration mean?  We see...

read more

Glenbrook Payments Boot CampTM

Register for the next Glenbrook Payments Boot CampTM

An intensive and comprehensive overview of the payments industry.

Train your Team

Customized, private Payments Boot CampsTM workshops tailored to meet your team’s unique needs.

OnDemand Modules

Recorded, one-hour videos covering a broad array of payments concepts.

GlenbrookTM Company Press

Comprehensive books that detail the systems and innovations shaping the payments industry.

Launch, improve & grow your payments business