In economics there exists the concept “time value of money”. The time value of money (TVM) is the concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity. This core principle of finance...
Recently some payment processors have rolled out a “new” pricing platform and are touting exceptionally low rates—Tiered Pricing. This type of pricing platform is in fact not new at all but rather an old pricing scheme that we had hoped had seen its end years ago....
All business owners and financial managers have a duty to maintain expenses in order to maximize profits. Reviewing vendor contracts and fees on at least an annual basis ensures that organizations are receiving not only promised contract rates but also keeps vendors...
Credit card processors all know the drill. A current merchant calls into the office and requests copies of their last 3 months of statements and also asks if they have a termination fee—Obviously their merchant is price shopping against their current payment provider....
It’s a beautiful Monday morning and you are a business owner or an executive director of a non-profit or a city manager of a mid-sized city and the first phone call that you take when you arrive at the office is one of the card companies informing you that your...
