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Expense ReductionJerry Pollio832-314-1815
Electronic Payment Processing
PROCESSING CONSULTING
EPP EXPLAINED
• Risk-free analysis of your entire Electronic Payment Processing environment.
• Our core focus is reducing processing costs – we average 27-28% in savings. If we don’t find savings, there is no fee.
• If we do find savings for you – our fees are self-funded as a portion of what you used to pay providers, the net profit goes to you.
Schooley Mitchell’s Value Proposition
EPP EXPLAINED
• Independence and objectivity – we have no affiliations with any supplier.
• We remain vigilant – we remain up-to-date regarding the latest government regulations and best-in-class price points.
• Service guarantees your pricing will not be affected by portfolio wide rate increases.
Schooley Mitchell’s Value Proposition
EPP EXPLAINED
• True costs associated with processing are not disclosed.
• The electronic processing/merchant service industry is mostly unregulated when it comes to billing and sales practices.
• Extremely complex and cloudy system by which processing costs are determined.
• Convoluted billing systems – wholesale relationship not available to most businesses.
Why is EPP Confusing?
EPP EXPLAINED
• New equipment is usually not required.• Banks and processing company salespeople
are not independent – they sell machines and services.
• Existing banking relationship does not have to change in order to obtain maximum savings.
EPP Industry Facts vs. Fiction
EPP EXPLAINED
Components of Card Processing Costs
InterchangeInterchange Rate (522 rates) *Very difficult to determine if appropriate rates are chargedDPI (Discount Per Item)
Dues and AssessmentsVisa = 0.11% + $0.034 APF Fee MC = 0.11% + $0.034 NABU FeeDisc = 0.105% + $0.034 DNAF Fee
MSP (Merchant Service Provider)Monthly Access FeeDiscount Rate (% above Interchange)
Communication FeesFront-End Authorization FeeBack-End Capture Fee
EPP EXPLAINED
No-Risk AuditNon-Biased Needs
AnalysisEducational ProcessPricing Locked InTransparent Cost Plus
Pricing & Billing StructureWholesale Level Price
Structure
24-48 Hour Deposit TimesInterchange Category
AuditingMonthly Auditing and
Quarterly ReportsPCI-DSS Consulting &
SAQ GuidanceAll Major Processing
Platforms
Why Review/Audit?
EPP EXPLAINED
1) Do you accept payments from your customer/clients by:
a) Credit Cardsb) Debit Cards
2) Are you aware that government legislation (Durbin Amendment) has caused significant changes in the costing of EPP services? It is unlikely you are receiving the appropriate benefits for your method of doing business.
3) Do you receive a monthly statement from a Processor detailing transaction charges for electronic payments received?
EPP EXPLAINED
4) Are you aware there are hundreds of different rate categories for processing depending on the type, volume, and size of transactions?
a) And wholesale pricing options are available in some cases? b) And there is a possibility for errors in applying rate categories? c) And there is legislation that affects costing for some categories? d) And you do not have to change banks to qualify for reductions or
recoveries?
5) Would you like us to audit this area for you, where we review your processing statements and agreements, apply analysis tools to break down various transaction types and options, and apply our consulting process to reduce your monthly costs for you? We have been able to reduce our client costs by an average of 27-28%.
Jerry Pollio832-314-1815je[email protected]/jmpollio
