Does HighRadius interchange fee optimizer software integrate with banks?
Yes, we partner with various banks and financial institutions to automatically capture payment information from all the industry-standard bank payment files and formats. Some of our banking partners are Bank of America, CitiBank, American Express, etc.
What factors affect interchange rates?
The interchange fees depend on various factors like card type, transaction amount, merchant category, and card network.
How does interchange optimization benefit businesses?
Interchange fee optimization has several benefits such as reduced processing costs, increased profit margins, enhanced cash flow, etc.
How does interchange fee optimization handle data security and privacy?
Security is a priority for us. Data Intercept enables secure acceptance of payment data, reducing our client’s security burden and tokenizing the data for payment processing. We are PCI-DSS compliant.