Welcome To
The Bottom Line

SRM Perspectives on Key Industry Trends

How to Renew a Card Processing Contract

Posted by Ben Mrva on Nov 17, 2021 9:30:00 AM

GLCU_Blog_Image[14]

Every relationship – even long-term ones – needs an occasional tune-up.

Banks and credit unions that want to stay at the top of their game must change with the times, evaluate longstanding agreements with third parties, and incorporate cost savings whenever and wherever they can. Those efforts can free up funds to pursue growth strategies, including adding or expanding digital capabilities.

Periodic reviews can also help financial institutions determine if their providers are meeting the conditions of their contracts. A fresh set of eyes from an outside advisor can help evaluate exceptions, reduce processing fees, and negotiate potential marketing bonuses.

Read More

Topics: Vendor Contract Negotiation, Credit Union Vendor Management, Case Study, Credit Card Processing

Subscribe to our blog

Recent Posts

Posts by Topic

see all