article thumbnail

In Banking, Tech Aids Efficiency Ratios Amid Digital Initiatives

PYMNTS

For banks, beyond the vagaries of interest rates, income depends in part on managing costs. Manage them well, and margins get a boost. A lower ratio means the bank is operating with better cost control. The company is not alone in finding that tech is among the game changers in expense management.

Zelle 48
article thumbnail

How to Accept Online Payments for Free in 2024

Payment Savvy

Key Considerations When Choosing a Payment Service Provider Selecting the right PSP involves evaluating several critical factors to optimize cost management and operational efficiency: Transparent Fee Structures PSPs levy various fees, including setup fees, transaction fees (flat rates or percentages), and potentially monthly fees.