Quaestus Profit Improvement plan™
Quaestus Profit Improvement Plan Results
While results may vary, Quaestus Financial Solutions clients routinely experience material improvements in debit program profitability.
- $2.5 billion assets community bank experienced first year unaffiliated network interchange revenue recovery 50 times the identified monthly shortage, with a 414% annual improvement in future years. Also reduced network and processing expenses by 37%.
- $6 billion asset bank reduced their per transaction switch processing costs by 35%.
- $4.5 billion asset savings bank eliminated forever ‘Ghost fees’ exceeding $50K annually. Saving $250K over a 5-year contract, or $2 million over the next decade.
Discovery
Proven Discovery methodology that identifies intentional and/or erroneous interchange shortages and expense overcharges from payment brands, networks and processors.
The Quaestus Financial Solutions team will review vendor contracts and actual invoice history, including supporting reports and analytics to discover opportunities for profitability improvement related to key revenue and expense metrics.
Recovery
The Discovery process paves the way for immediate recovery of revenue and expenses resulting from identified discrepancies between actual interchange settled and between actual invoices and vendor contracts.
The Quaestus Financial Solutions team will work with the payment card brands, networks, processors and payments industry legal experts to reclaim un-realized revenue and expense overcharges.
Contract Negotiations
Insightful Discovery and focused Recovery are the foundation for Contract Negotiations, which may occur in conjunction with contract maturity, or at any time prior based on the circumstances.
With years of experience, and countless contract negotiations under their belts, the Quaestus Financial Solutions team knows how to drive early contract re-negotiations designed to immediately rectify unfavorable terms, with new and full-term competitive contract negotiations paving the way for long-term profitability.
Monitoring -
Protection, Compliance, and Performance
Proprietary SaaS based tools developed by Quaestus Financial Solutions provide for on-going Protection and Compliance oversight to ensure that actual invoices conform to contract terms, while providing a documented approach for managing the payments vendor ecosystem.
The Quaestus Financial Solutions platform is a cloud-based software solution designed to be used by the Quaestus team while also providing direct results access to members of the financial institution's team. This approach provides ultimate flexibility with regard to entering, maintaining and accessing current period data as well as historical trend information.
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