An Expert's Guide to Reducing the Cost of Payments (On-Demand Recording)

Description:

Seminar Description:

While some of the planned April 2021 interchange changes have been delayed, grocers – and the wider retail community – are still suffering from $6-7 billion of annual fee increases as a result of shifts to more expensive payment types. Digitalization, the rise of Card Not Present (CNP), supplier consolidation, increasing headline card rates, rising fraud activity, barriers to routing, third party delivery services, and much more, are all factors in a rapidly increasing cost base for retailers. In partnership with FMI, CMSPI – the leading retail payments consultancy - will explore the true impact of these trends on grocers and provide practical solutions on how to reduce costs.

Seminar Objectives

This webinar explores four C’s:

Cost: How is the shift to online, rising fees, and complexities across charging structures impacting my bottom line?
Complexity: How can I use my available data to increase transparency of costs?
Competition: How can I ensure my debit routing - down to a transaction level - is optimal?
Correction: What opportunities are there to address inefficiencies in my supply chain, and errors on my invoices?