Financial Service Companies are Offering Flexible Pricing Schedules Using the Concourse – Fees & Commissions Software

As the number of companies offering electronic payment services continues to increase at a rapid pace, the fees being charged and the commissions being offered for transaction processing services have become extremely competitive.  As a result, companies that offer transaction processing services must be able to quickly respond and modify pricing structures based on specific business relationships.

Concourse – Fees & Commissions is a real-time, rules-based software solution that is giving companies the flexibility to calculate any type of fee or commission on any electronic payment transaction. This includes interchange fees, gateway fees, processing fees, service fees, recurring fees, commissions, and much more. Below are just a few methods that can be leveraged within the system to create unique and competitive pricing structures:

  • Transaction-basedbigstockphoto_Hand_On_The_Calculator_2686754
  • Volume-based
  • Percentage-based
  • Threshold-based
  • Flat or Tiered

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About BHMI Blog

Baldwin Hackett & Meeks, Inc. (BHMI) is a specialist in creating primary software applications. BHMI not only provides premier software development services, but also a comprehensive set of consulting, design, engineering, and support services that can help shape the future direction of any company's application infrastructure. BHMI is also creator of the Concourse Financial Software Suite - a powerful PCI compliant back office software solution specifically designed to manage electronic payments including credit, debit, POS, ATM, mobile, and prepaid. With user-configurable business rules, an online transaction repository, and a continuous processing architecture, Concourse proactively assesses and allocates fees for all business relationships, settles and reconciles all transaction types, and automates the disputes management process.
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