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The Elevation Blog

Two Strategies for Reducing B2B Credit Card Acceptance Costs

Posted by Guest Author: Anand Goel, Optimized Payments Consulting on Sep 14, 2017 2:56:26 PM


According to Mercator Advisory Group analysis, U.S. commercial card payments grew at a compound annual rate of 9 percent from 2013 to 2015.1 In 2015, commercial card volume reached $428 billion.  This figure only represents about 1 percent of the B2B payments market (including check, ACH, wire transfer and cards) that totals $23 trillion (USD). 

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Topics: Payments Consulting, Receivables, Payments, payment costs, cash flow, Webinar, Electronic Payments, credit card cost, credit card cost analysis, credit card, commercial card, commercial card costs, interchange, reducing interchange

Understanding and Tracking Card Payment Acceptance Costs

Posted by Robert Unger on Aug 23, 2017 6:55:57 PM

Credit and debit card payments are surging.  The “2016 Federal Reserve Payments Study,” which has been tracking longitudinal trends in consumer and business payments, cites that: 

Payments made with general-purpose credit cards and with non-prepaid debit cards each grew faster than other payment types from 2012 to 2015, in terms of both percentage growth and growth by number.

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Topics: Payments Consulting, Receivables, Payments, payment costs, cash flow, Webinar, Electronic Payments, credit card cost, credit card cost analysis, credit card

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