B2B Payments Suite

Interchange Fee Optimizer

Transmits transactional metadata and processes credit card payments at lower costs (i.e., Level 2 or Level 3).

Up to 1% less interchange fee per transaction.

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AI-Based Credit Management Software
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Key Modules

AI-based E-Mail Remittance Capture

Level 2 Processing

0.5% Lower Cost. Reduce processing costs by auto-transmitting invoice data to the processor. More

AI-based E-Mail Remittance Capture

Level 3 Processing

1% Lower Cost. Reduce processing costs by auto-transmitting SKU & tax data to the processor. More

AI-based E-Mail Remittance Capture

Interchange Fee Analysis

Optimize Savings. Reports & dashboards to provide transactional-level visibility and cost-saving opportunities. More

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400+ Enterprise Customers

Enterprise Customers

600+ Mid-Market Customers

Enterprise Customers
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$120K Average Annual Savings
With the self-serve portal.
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100% Automated Cash Posting
For all payments made via the portal. Read more.

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100% Lockbox Fee Eliminated
By increasing electronic payment adoption. Read more.

Recommended Resources

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The Ultimate Guide to Adopting B2B Payment Processing Solutions in 2024

Discover the fundamentals of B2B payment processors, how they work, various payment processing fees, and how to reduce those fees.

Read the Blog
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Maximize Revenue: Step-By-Step Guide to Implementing an Automated Billing System

An automated billing system integrates with your company’s ERP, CRM, payment getaways, and other software to eliminate manual intervention.

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Interchange Fee Complete Guide: Everything You Need To Know

Understand the intricacies of interchange fees with our detailed guide. Navigate payment processing with expert insights on interchange fee optimization for financial efficiency.

Read the Blog

Frequently Asked Questions

What is Interchange Fee Optimizer?

Interchange Fee Optimizer streamlines payment processes by automating data transmission and reducing costs. It extracts ERP data, matches it with payment information, and automatically transmits invoice and SKU/tax data. With features like Level 2 and Level 3 processing, it optimizes interchange fees, ensuring compliance and maximizing cost savings for businesses.

What are the benefits of Interchange Fee Optimizer?

Interchange Fee Optimizer reduces card processing fees by up to 90% by auto-transmitting transactional metadata and enhancing cost visibility. It extracts ERP data such as item number, quantity, and unit price, matching it with payment information, and providing detailed insights.

How does Interchange Fee Optimization reduce interchange fees?

Our Interchange Fee Optimization automates the transmission of invoice and SKU/tax data to processors, ensuring compliance with Level 2 and Level 3 processing requirements, and reducing interchange fees by up to 1% per transaction. This results in substantial cost savings and improved profitability for businesses.

What are the best features of Interchange Fee Optimizer?

Interchange Fee Optimizer offers comprehensive features including Level 2 and Level 3 processing capabilities, interchange fee analysis reports and dashboards, and settlement interchange optimization for efficient data transmission. This enables businesses in optimizing their payment processesing costs.

What types of interchange fees are optimized by the Interchange Fee Optimizer software?

Interchange Fee Optimizer targets Level 2 and Level 3 interchange fees, optimizing costs for credit card transactions through automated metadata transmission, ensuring compliance with industry regulations, and maximizing cost savings potential for businesses efficiently.

How much IT involvement is needed to maintain the Interchange Fee Optimizer?

Our Interchange Fee Optimizer requires minimal IT involvement. With seamless plug-and-play integration into ERPs using real-time APIs and Hex (SFTP) connectors, along with pre-built modules and industry-specific best practices, customers can deploy remotely with ease, reducing all IT dependencies.

How does Interchange Fee Optimizer handle data security and privacy?

Interchange Fee Optimizer prioritizes data security and privacy, adhering to stringent industry standards such as GDPR, ISO, PCI DSS, HIPAA, and SOC. We employ robust encryption protocols and role-based access controls to safeguard your financial data, ensuring the utmost confidentiality and compliance.

How much time does it take to implement Interchange Fee Optimizer?

The implementation time for Interchange Fee Optimizer varies based on the complexity of your organization's requirements. However, our Speed to Value methodology guarantees swift implementation and ROI realization within 3 to 6 months, setting an industry benchmark. Our dedicated implementation team works closely with you to ensure a smooth transition with minimal disruption to your payments process.

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