Our client, a bank and mid-size financial institution that offers a variety of financial services to its customers, including credit and debit card issuing and processing struggled with reconciling the interchange fees associated with its card processing services. Specifically, the bank failed to invoice other banks for the interchange fees and could not verify or reconcile the […]

Our client, a reputable and respected bank offers a wide range of financial services to its customers, including credit and debit card issuing and acquiring.  Despite its size and reputation, our banking client acknowledged its difficulty to fully understand and manage the complex network (Visa & MasterCard) fees associated with its card processing services.  Banks are charged[…]