Top 5 Reasons to Attend the NAG Conference
#1 Boost Profitability by Reducing Swipe Fees
For years, banks have made enormous profits by avoiding competition when it comes to the swipe fees that merchants pay banks on debit transactions. Rather than competing with each other over these fee rates, the banks decided to let two companies, Visa and MasterCard, fix the fee rates that all banks receive. This duopoly scheme has kept fees inflated far in excess of debit costs, with no competitive constraint on ever-rising fees.
But the good news is that new technology continues to emerge that allows convenience store and petroleum marketers to reduce operating costs, improve customer loyalty and increase store sales, all while reducing monthly swipe fees. This technology often includes loyalty cards, ACH debit and even mobile payment solutions creating two great value propositions: rewarding loyal customers while enhancing profitability.
In this featured educational session at the 2015 National Advisory Group (NAG) Conference in Santa Fe, N.M., attendees will learn how their brand can institute a payment system that is cost-effective and significantly reduces your monthly credit card fees.
To ensure that attendees are getting the most relevant, up-to-date information, NAG has partnered with three of the convenience store industry’s most experienced retailers on this extremely important issue. Speakers for this session include:
* Jenny Bullard, Chief Information Officer, Flash Foods Inc.
* Jeremie Myhren, Vice President of Information, Technology, Road Ranger
* Moderator: Ed Collupy, Executive Consultant, W. Capra Consulting Group
Combined, these speakers have more than 100 years of industry experience specifically dealing in payment systems and developing ideas to reduce out-of-control credit card costs.
If you are looking for ways to reduce swipe fees, this is one session you cannot afford to miss. The 2015 NAG Conference will be held Sept. 13-16 in Santa Fe. To view the NAG Conference Agenda or to register to attend, visit www.nagconvenience.com.