TRANSFORMATION SERVICES
Cost Optimization
The cost associated with taking a payment is made up of many different layers, each with different interrelated components. While it may be easy to reference and track your merchant statement each month and think you have a handle on your costs, modern companies need to understand that this is just the tip of the iceberg. Cost optimization involves an examination of the entire current payments system, looking at everything from interchange and processor fees to equipment, providers, architecture, security, PCI compliance, payment methods, and much more.
W. Capra helps clients to establish a baseline and identify potential issues or areas of opportunity. Using this baseline, we compare the current solutions to alternatives and new technologies in the field to confirm that the best options have been employed. In today’s world, this comparison analysis is especially important as payment technology continues to change rapidly, which inherently affects the total cost of acceptance for your organization. As thought leaders in the commerce space, W. Capra works with industry leaders and innovators to optimize costs for a variety of merchants.
W. Capra supports organizations in making immediate and short-term adjustments to current payments system to reduce costs. These adjustments can include interchange optimization, least cost routing, contract renegotiation and more. From our years of experience as cost optimizers, we also help companies make informed choices for employing new strategies in the future, such as offering new payment methods or changing the payment system architecture to employ a gateway or multiple acquirers.
There are no one-size-fits-all answers to cost optimization, so W. Capra works to understand, breakdown, and analyze every payment system before making customized—and ultimately optimized—recommendations.
Latest Insights
- What Merchants Need to Know About the Visa / Mastercard SettlementThough there are multiple class action lawsuits in place against the card brands, the particular litigation addressed in the March 26, 2024, settlement carries industry-wide implications. Per the settlement, Visa and Mastercard have agreed that, interchange rates will lower rates by 4 basis points for the next 3 years.
- What’s the Cost of Not Monitoring Your Cost of Acceptance?Every major retailer accepts credit card payments across the varied channels that consumers use to shop. With this acceptance comes myriad processing fees, ranging from direct and understandable to fees described with esoteric acronyms on merchant funding statements that only the most experienced experts on the acquirer team can explain. Since payment processing fees can be one of the most significant expenses a retailer has, how can you stay on top of your cost of acceptance and ensure margins aren’t eroding in an increasingly challenging macroeconomic environment?
- As Technology Evolves, So Does the Need for Quality AssuranceAs the industry witnesses constant innovation and the introduction of new solutions, QA capabilities have become table stakes for ensuring the smooth functioning of consumer-facing and back-end technology. Whether rolling out new capabilities, maintaining existing solutions, or testing hypotheses, technological advances have introduced new channels that require rigid testing.
