Navigating Least Cost Routing: Find Savings and Develop an Optimal Payments Strategy
As 2023 brings the introduction of online routing, followed by mobile wallet routing enablement in 2024, Least Cost Routing (LCR) is rapidly transforming the payments game for Australian merchants and the savings opportunity has grown to an estimated $840m AUD annually.
CMSPI’s insightful infographic reveals the remarkable savings opportunity of LCR, obstacles that may make LCR difficult to achieve, and how CMSPI, the go-to payments advisors for leading merchants, can guide Australian businesses in overcoming these obstacles and obtain significant savings.
Ecommerce Battlegrounds: Fortifying Your Online Revenue Against Fraudulent Refunds and Chargebacks
Cutting Costs, Not Corners: The 2024 Guide to Least Cost Routing for Aussies
In today’s economy, Australian businesses are keenly aware that every dollar counts, and efficiency is king. In payments, the spotlight is shining bright on least cost routing (LCR) as a mechanism for businesses to lower payments costs without compromising on customer experience. With LCR expanding to both online and mobile wallet transactions this year, what should be top of merchants’ minds?
4 Essential Steps for a Winning Tokenization Strategy
Maybe your processor has approached you with their latest token solution, or your finance team has heard about the potential interchange fee discounts?1 Perhaps you’re even re-vamping your card processing setup and your old strategy doesn’t work anymore. Whatever the reason, tokenization is on the brain, and there are four things you should consider before making a change.
Payments in 2024: The Outlook from Industry Experts
In its December 2023 Townhall,1 CMSPI asked industry experts Holly Tjaden, U.S. Payments Manager for McDonald’s, and Lorin Young, Global Payments Manager at Columbia Sportswear, to unpack the challenges and triumphs of the last year in payments. But what’s next? From Artificial Intelligence to the familiar ‘soft landing’, here’s what payments managers are looking out for in 2024.