Helping Business Owners Understand and Optimize Credit Card Processing Statements
Jeff King, with Payment Authorities, addresses the common issue of businesses overpaying on credit card processing fees due to a lack of understanding. Their software analyzes statements, provides transparency, and alerts users to any rate changes. The solution aims to empower businesses with tools for better decision-making, including proposal modules and value-added features. By simplifying complex statements and offering proactive insights, they aim to build trust and efficiency in the processing industry.
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Presentation Transcript
JEFF KING & PAYMENT AUTHORITIES GREW UP IN WESTFIELD , MA NOW RESIDES IN SOUTHWICK WITH WIFE 3 KIDS AND 2 DOGS. 1998 STARTED WITH TELECHECK - 2X PRESIDENT TRIP WINNER 2004-2010 MCS AGENT ON PAYMENT SIDE - WORKED WITH UNITED BANK AS THEIR PROCESSING PARTNER. SOLD OVER 1K MERCHANT ACCOUNTS 2011-2015 DC. PARTNER PRESIDENT TRIP 3X SOLD 1K MERCHANTS 2015 NEPOS UPSELZ POS WORLD SOLD IN 2018 2018- PAYMENT AUTHORITIES WAS BORN - MAY 2020 STATEMENT SIMPLE BETA SOFTWARE SOLUTION WAS LAUNCHED.
The Problem - Majority 90+ of business who take credit cards do not understand how to read their processing statement. Over paying in fees no value . Credit card companies have ability to raise rates or add new fees every 30 days if they choose. 1 4 Merchants getting taken advantage of by sales reps because they don t understand the rates or statement. Business have uneasy feeling towards the processing industry its very untrusted. 2 5 Very heavily solicited multiple calls per day or week trying to sell merchants same service or variation of it. 3
Our Solution Analyze merchant s statements into simple and easy to read statement. Our state of art software gives peace of mind to the customers by comparing their monthly statements and removing errors form them. Gives customer s full transparency and trust . Our technology minimizes the complication of business owners by sorting out and controlling their business issues and errors. Our solution will give businesses a proposal module and other tools which will help them maintain their business processing If any new fees or rates changed for the negative impact to the business owner, our software will send notification to the customer and give them recommendation on what to do about this new data. 2 New great new Value-added modulus 1) Accounting Exporting solution 2) Multiple location comparison
