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Posts in August, 2008

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Mergers and Acquisitions (M&A)

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M&A Basics

There is a general process that holds true for M&A processes. For purposes of this discussion, we will be taking the potential buyers point of view. This walk through is of course a simplified, high-level walk through but it should provide a useful base. We will be adding more details and examples around the M&A process soon. If you are already familiar with the M&A process, then skip to the businesses for sale. The M&A process can be broken up into a couple segments as shown below. The M&A process includes several documents including: Read more

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Interchange

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Credit card processors don’t get to keep the majority of the money they collect from their customers.  Most of it gets passed along to the banks that issue credit cards (list of largest credit card issuing banks). The amount that is passed on actually varies depending on the traits of each individual transaction.  The rules that define how much each transaction costs are defined in these documents: Mastercard Interchange and Visa Interchange. Read more

Quick Hits

How Utility Companies Can Save At Least 25% on Credit Card Processing

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FeeFighters recently spoke at a utility conference about how its participants can save money on credit card processing. After analyzing one of the participants’ credit card processing statements, we realized they could save 25% or about $30,000 annually on their credit card processing fees.

7 Steps To Zappos-Quality Customer Service

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By the time we talk to business owners, many have been burned by a credit card processor. They reach out because they have been lied to, promised lower rates, and altogether feel cheated.

FeeFighters Panel @SxSW

We had a great time submitting, organizing, and speaking on our panel on financial institutions and startups. Here are some photos from the event and a great summary from moderator Felix Salmon: