PayTrace CEO and founder Scott Judkins recently spoke with PYMNTS.com about challenges faced by businesses when switching to commercial cards, and how B2B merchants can more effectively leverage interchange optimization.
The article provides an in-depth look at how PayTrace processes commercial cards, using proprietary technology to help merchants achieve the lowest possible interchange rates.
We’re all about making things simpler for merchants. Specifically, PayTrace’s technology reduces time spent adding data to transactions to help them qualify for Level II and Level III interchange rates with many card brands.
According to Accenture, U.S. businesses spent $523 billion on cards last year, and with an increasing amount of digital transactions, that number is expected to rise to $763 billion by 2022.
Check out the article on PYMNTS.com and take a deeper dive into how we make merchants happy by providing them with access to the lowest interchange rates.