This new cost-saving program is specifically designed for municipalities and educational institutions. Intelligent Rate processing enables schools and municipalities to pass along all credit and debit card processing fees to their consumers. This innovative and turn-key solution is rooted in unique processing software and hardware which successfully meets card brand rules. Consumers choosing to use a credit or debit card for payment benefit from the software’s “intelligent” ability to assess the true service fee associated with their specific card, which may be as little as 0.75% as compared to a flat rate average of 2.75%.
The economic value of this program to today’s municipalities and educational institutions is enormous – organizations pay ZERO processing fees and ZERO monthly fees! The technology is simple to use via a magnetic stripe reader, hosted payment page or virtual terminal. Best yet, the savings for these entities that typically operate on slim margins is a game changer.