PIN Debit Optimization
PIN debit routing solutions have become increasingly sophisticated and dynamic, with merchants now believing they are optimized. However, many still lack visibility – costing millions of dollars a year in bottom line savings.
Introduced back in 2011, PIN debit routing was made available to merchants by the Durbin amendment’s No Network Exclusivity (NNE) clause. The clause aimed to create competition between the networks by guaranteeing at least two mutually exclusive debit networks were available on each card. Using a processor’s PIN debit routing solution, merchants are now able to route their transactions via a choice of networks with more competitive rates.
While many card processors claim to offer optimal routing tools, these arrangements are often flawed. Some of the largest card processors own debit networks, with many choosing to route transactions down their own networks to benefit themselves. Processors may also have network incentives in place, and, as a result, may be using transactions to fulfill their quotas.
CMSPI analyzes merchants’ current PIN debit routing arrangements and, using our in-house PIN debit software, can create custom routing arrangements to best benefit our clients and their bottom lines. Don’t blindly trust your processor’s solution – audit your routing to ensure your costs are truly minimized.
Areas of Our PIN Debit Optimization Services
We recently completed a card processing RFP project with CMSPI across our entire U.S. brand and were very pleased with the results delivered. CMSPI managed the process throughout, breaking down our card processing fees, tokenization and encryption costs, PIN debit savings opportunity, and highlighting areas where our arrangements could be improved. I would not hesitate to recommend CMSPI to any merchant looking to improve their payment processing arrangements.Denny's