Kahuna unveils early-interchange payment program

Kahuna unveils early-interchange payment program
Tags: Distributors / ISO / IAD, Transaction Processing
July 11, 2005

BLOOMINGTON, Ill. - Kahuna Business Group announced in a July 12 news release that it is offering the first and only industry-wide program that pays ATM transaction acquirers interchange revenue more frequently than the usual once a month.

InterchangeNOW is a proprietary program that has been in development for more than 18 months. It allows independent sales organizations to receive their interchange payments up to five weeks early.

"Our industry is constantly faced with pricing pressures and diminishing margins," said Ernie Beckman, vice president of business development for Kahuna. "The cash-flow efficiency of receiving revenues up to five weeks early can provide significant leverage in any ISO's efforts to grow their business."