Payment Optimization Matters: A Practical Overview of Real-Life Examples
Jun 18, 2024, 12:00 PM - 01:00 PM CSTIn an era characterized by growing eCommerce trends and regulation, businesses aiming to secure a competitive edge must understand and optimize their payments processes. This session aims to define “payments optimization” and shed light on how you can leverage payments data to increase revenue, decrease costs, and streamline operations. Payments data is more than just a technical necessity for executing transactions or fighting chargebacks—it’s a strategic asset. This session will draw on the experiences of three companies, who will demonstrate how they harnessed payments data to deliver optimal results.
Learning Objectives:
- Understand how to prepare payments data and understand the key metrics to track over time to establish a baseline of payments performance.
- Learn how to get started with payments optimization even if you are a small payments team or working with a single processor.
Hear how best-in-class merchants implement optimization by examining a transaction processing optimization (NT or routing) to improve authorization rates and review a cost-saving example to reduce interchange fees.
Please note that this webinar is for current MAG Merchant Members only.