Credit card processing KPI
KPI Name: Credit Card Processing Balanced Scorecard Metrics
Related KPIs: Activity Based Costing, Intellectual Capital Development, E-commerce Scorecard, Financial Outsourcing, Financial Benchmarking, Personal Finance
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Sample reports:
Some reports were generated with Balanced Scorecard Designer for the Credit Card Processing Balanced Scorecard Metrics KPI to show both – Balanced Scorecard Designer functionality and a part of KPI content:
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The Balanced Scorecard Designer software was used to create this KPI.
Description by authors:
The number of customers willing to pay for accepted products and services online is increasing every year. Therefore it is important for an organization to use online credit card payment solution along with traditional merchant accounts. It has been proven that businesses that except credit card payments typically have higher sales than those that do not accept credit cards. It also helps organizations establish a professional image and generate a feeling of trust among potential customers. Most businesses take advantage of a third party credit card processor, providing real-time processing capabilities, online virtual terminals for entering manual transactions, as well as the ability to set up recurring billing.
KPI in Excel – Screenshot:
