Business Segment
While the U.S. continues to lead the world in technological advancements such as the development and use of the computer and Internet technologies, Americans still rely on checks to make most payments. The U.S. has higher check usage per capita than any other industrialized country. With many bill payments moving to e-bills and online payments and debit/credit card usage rising, the industry is challenged to manage the transition by balancing the technologies both old and new.

Services Provided
Decision Intelligence provides third party payment vendor monitoring, cost reduction and revenue enhancements for its customers. This includes, check vendors, internet banking and bill pay companies and credit/debit card providers and most recently, Red Flag legislation, Id theft and Fraud solutions. We provide cost savings of at least 30% through effective management and 60% to 70% in a procurement process. What makes us unique is that we provide valuable information from the vendor’s view, not from how they manage and report to customers. Simply put, vendors provide reports that focus on growing sales (check orders, cards, and bill pay); we focus on the 360 view of total cost and revenue shared. There is growing trend to give away payment products in order to acquire new deposits resulting in a significant cost increase. We provide industry best financial models.

Our collective Experiences
Our clients tell us the vendors say “no one has asked us for that information before.”
We enhance your payment vendor management by providing information that keeps you in control of the relationship and saving you significant cost.
 

We have created and implemented strategies with Large Regional Banks (in Top 15) on Payment vendor selection and Payment strategies. We have led efforts for deposit growth and account acquisition utilizing strategic planning with payment tools. Ie. Internet banking, bill pay, checks, credit, debit cards, ACH. We have consulted directly with a number of C level retail executives on strategies.