CardTraq Fee Analysis
What is CardTraq Fee Analysis?
CardTraq is a powerful card network fee tracking platform that collates and automatically analyzes the fees charged by card networks for operating the network and processing transactions. It analyzes invoices and volumetric data to offer granular insights, enabling banks, acquirers, ISOs and fintechs to effortlessly track, manage, and optimize their costs.
Key features include new fee alerts, variance analysis tools, customizable watchlists, and comparison of costs across networks and geographies – with current clients seeing multi-million dollar annual savings as a result.
Why do Fees matter?
Network fees are ever-changing, charged with varying frequency, and determined by a wide range of factors. This complexity makes it difficult for companies to understand invoices and reconcile the charges. Additionally, analyzing invoices from multiple networks, markets, and business lines is very time-consuming. But these fees can make the difference in a card portfolio's success and profitability, so attention needs to be paid.
How can CardTraq Fee Analysis help reduce costs?
CardTraq demystifies and simplifies network fee monitoring, allowing clients to understand, control, and compare their costs to improve portfolio profitability.
Who benefits from using CardTraq Fee Analysis?
CardTraq Fee Analysis serves all Visa and Mastercard issuers globally, as well as acquirers, ISOs, and fintechs, helping them save millions annually by identifying charges which can be reduced, eliminated, or passed through to clients.
Specific Benefits
Fee Movements Detail
Clarity of fees paid
Aggregate view across multiple countries and subsidiaries
Granular view to unique fee level
Fee trend analysis
New Fee by Month
Reveal new fees never seen before
Reveal exceptional fees such as fines
Contest fees quickly
Drive fee ownership amongst subsidiaries
Fee Decomposition
Trend analysis over time (absolute and basis points)
Compare one scheme with another
Compare costs across multiple geographies or subsidiaries
Period-on-Period Change in Fees
Accurately budget for scheme fees
Inform product pricing (e.g. Merchant Discount Rate for acquirers)
Leverage detailed knowledge and insights in scheme negotiations
Case Studies
Prepaid Issuer
Private Equity-owned issuer of Mastercard prepaids cards across US, Australia, UK, and Republic of Ireland.
Savings Identified: $4 million/year (↓18%) total potential recurring cost savings.
27 anomalous/erroneous billing events.
209 cost saving opportunities.
International Multi-Product
A NASDAQ-listed global payments company with card issuing businesses across multiple continents.
Savings identified: $1.5 million/year (↓12%) total potential recurring cost savings.
8 anomalous/erroneous billing events.
24 cost saving opportunities.
Unicorn Fintech
A European issuer of commercial cards across multiple geographies.
Savings Identified: $1.1 million (↓22%) total potential recurring cost savings.
19 anomalous/erroneous billing events.
21 cost saving opportunities.