Dynamic Fees+SM – Fair, Accurate, Flexible

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First Data White Paper:
Fee Management: Your Options Today
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Make a Lasting Impression

First Data understands the challenges financial institutions face in making sure that fees are assessed fairly, to the right customer, at the right time. That’s why we developed Dynamic Fees+.SM

Enhanced Flexibility to Assess Fees

Need greater control and flexibility in assessing specific fees to cardholders? Need to assign periodic or recurring fees? Want to create fee strategies that are dynamic? Now you can. First Data’s Dynamic Fees+ is a rules-based product that allows financial institutions to automatically assess a fee for an activity or condition on an account that warrants a fee assessment.

Increase Revenue, Reduce Costs

With Dynamic Fees+, financial institutions can maximize control over revenue based on the specific needs of each portfolio. No more manual processes. With DF+, you control which activities will initiate a review of an account or transaction allowing you to automatically assess fees previously requiring manual intervention. Initiating events include monetaries, non-monetaries, statement cycle and date-specific controls.

Communicate Clearly, Eliminate Confusion

With Dynamic Fees+, you can display fees on statements in a variety of ways, depending on your business needs. For example, fees can be included in the original transaction amount, separated from the transaction amount or cross-referenced with special messages. Fee information is also available on customer service screens, online audit history of account conditions or in various reports.

Enjoy the Many Features and Benefits of Dynamic Fees+:

  • Increased fee options to respond to industry or management-driven changes
  • Advanced segmentation capability
  • Same-day processing
  • Enhanced reporting and settlement processes
  • New customer service screens – to display DF activity and recurring fee program information
  • Dynamic Fees+ has a new Overlimit Control to stop the assessment of the fee that will cause the account to become overlimit
  • Prenotification capabilities (messages or letters)
  • New Miscellaneous Monetary Buckets (MMBs) allow more flexibility when posting fees
  • Assess/communicate/report up to five fees on a single initiating activity
  • Assess fees at statement cycle time or on a specified date
  • Assess positive or negative fees
  • Leverage the new Calculation Tool for unique fees
  • Decreased implementation process for faster time to market

For more information on how Dynamic Fees+ can help you increase your revenue, please click here or call 888-565-5990.