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Potential Future Of Electronic Payment Systems - Jeremy Lessaris #6056
Kerry Lutz and Jeremy Lessaris discussed cost reduction in credit card processing. Lessaris explained his method of using machine learning to assess the profitability of current processors and negotiate lower fees without requiring businesses to switch processors. He emphasized the importance of regularly reviewing processing statements as pricing can change unpredictably. The conversation also delved into the intricacies of credit card processing fees, the predatory practices of companies, and the potential for alternative payment methods like cryptocurrencies and ACH transactions to offer…
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