Optimize your payment eco-system to increase your bottom line. Your payment products may not be performing to their highest potential.
Our revenue enhancement and assurance activities help identify incremental ways to boost your payment systems’ bottom line. By reviewing the many processes and tools used within your business over and above your credit card products, such as your debit cards, merchant acquiring as well as your payment networks and streamlining their operation, we identify strategies to make them more profitable.
Account Acquisition and Penetration – Ensure your sales activities and customer communications allow for the highest cardholder penetration.
Activation – Increase activation and usage by promoting offers to the right segments while also targeting bill pay and retail purchases with effective incentives.
Utilization – Reduce operating costs and improve retention by converting customers from non-interchange transactions (check, cash etc.) into habitual debit card users.
Operations – Reduce potential friction points in the system by reviewing various processes including card issuance cutoffs, reissues, card limits as well as transaction declines
Profit Insight helps financial institutions increase revenues by targeting the specific merchant acquiring performance levers. We drive revenue growth by optimizing merchant sales through segmentation strategies, terminal activity analysis and developing margin protection strategies. We uncover cost savings through minimizing interchange and network costs, optimizing physical and POS network performance while also identifying internal and external cost savings opportunities.
Our work extends throughout the value chain including:
Our team includes experts with decades of global payment network experience as well as banking environments and bring this expertise to help you reduce your network costs and drive more value for your business. Our engagement capabilities include:
Network Billing Review – We improve your understanding of network invoices while reviewing down to unit costs to identify anomalies and suggest ways to reduce the issuing and/or acquiring fees that are deducted from daily transaction settlements.
Contract Cost Transparency – We help you understand what you are being charged for and why, while also clarifying the terms and conditions of your network contracts, reviewing operating certificate, authorization, clearing, settlement and mandated costs/pricing.
Incentive Contract Assessment – Whether pre- or post-contract signing, we take a deep look at your network relationships to explain what you could be entitled to in terms of sales and marketing, volume and business support incentives and how the networks arrive at these calculations.
Full Network Relationship Evaluation – If you have multiple network relationships, we can work with you to develop forecasts then and build portfolio cost comparison models to identify levers to adjust in your relationships to optimize revenues and identify prospective savings.
Revenue leakage in your business can lead to weakened financial performance. Through earnings optimization, we find leakage opportunities in your business activities and take action to correct with the goal of reducing costs and maximizing your financial growth.
When it comes to driving future performance and strategic planning for your business, observing and analyzing your data will drive the most successful, consistent results. We work with our clients’ transaction level data to identify and develop customized strategies and market-leading tactical solutions to deliver measurable improvements to the bottom line.
By delivering exceptional customer experiences and streamlining processing and operations, you are able to run the business more proficiently and efficiently. We take a holistic view of operating components, platform capabilities, customer touchpoints and downstream processes to identify tactical improvements, which produce direct savings and ensure investment is maximized.
We will discuss your portfolios and business challenges to identify areas where we can help.
We create a customized set of tactical solutions to help you enhance earnings, and we work alongside your team to ensure a successful implementation.
We continue to proactively monitor your portfolios’ performance and bring new ideas to help you thrive. We become a trusted partner invested in your long-term success.
"After working with PROFIT INSIGHT, this leading UK card issuer exceeded revenue goals by 70% achieving immediate earnings improvement."
"North American regional bank gained $4.2 million per year in incremental revenue after implementing 17 strategies recommended by PROFIT INSIGHT."