Payments Strategic Sourcing

McGovern Smith’s analysis of covered U.S. issuers (i.e., those financial institutions with over $100 billion in assets under the proposed act) and the network fees tied to their credit card volume suggests a pending storm for exempt and some covered financial institutions. While credit interchange declines get the headline (and deservedly so after debit and…

The payments industry has seen dramatic changes over the past few years with industry consolidation and the Covid-19 pandemic. However, after the dust has settled, card processor operating costs (on a per transaction basis) continue to decline highlighting the inherent scale in card issuer processing businesses. And so long as credit and debit card processing…