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.
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.
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."
