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Powering Up the Value of Commercial Cards for Your Bank and Clients

Wednesday, December 20, 2017   (0 Comments)
Posted by: Terri Brustad

The whitepaper, “Powering up the Value of Commercial Cards for Your Bank and Clients” by Fraedom and Paytech, looks at how issuers can maximize return on investment for Commercial Card products and how end-users can extract maximum value from Commercial Card products. Key data points to improve card delivery and performance are reviewed, along with recommendations regarding practices that will positively impact both end-users and providers. The focus of the paper is to explore the opportunities that technology platforms and tools offer. Among other data points, operational cost per card is presented. This information offers the end-user community the opportunity to understand what drives cost or profitability to the issuer. This also provides end-users the opportunity to understand what they can do to become more profitable for their issuer, potentially resulting in greater revenue share opportunities. Driving efficiency also saves the end-user organization even more money over the process efficiency these products offer. Analysis of each data point provides end-users with helpful information in making the case to justify the adoption of technology solutions. 

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