Is your company seeking more flexibility and sophistication for the creation of transaction fee and commission structures? Billing systems are designed to handle invoicing and collect payments, but they are limited in their ability to help companies create new fees and commissions. On the other hand, rules-based fees engines allow companies that process payments to stay competitive and profitable, enabling them to offer new value-added services, develop creative incentive programs, create new revenue streams, and respond quickly to market shifts.
In this PaymentsJournal podcast, host Rimma Kats talks with BHMI’s Chief Technology Officer Michael Meeks and Senior Program Director Cheryl Fitzgarrald, along with James Wester, Co-Head of Payments at Javelin Strategy & Research, about the advantages of rules-based fees engines and who benefits from them.