MSP Consulting: Long Term Payments Advisor

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Contactless payments is gaining prominence more than ever due to the coronavirus pandemic and companies both big and small are forced to change the way they conduct business. Online payment capabilities mean faster payments and easier acceptance as workers and customers continue to work remotely. A leading provider of payment services, MSP Consulting offers decades of experience guiding businesses through the complexities of card processing, payment systems technology, mobile payments, and accounting. “With MSP, clients experience a detailed understanding and successful delivery of online payments integrated into their systems,” says Patrick OBoyle, Owner of MSP Consulting. The company identifies solutions and advises clients on the best overall solution to minimize costs, reduce accounts receivable, avoid fraud, and manage chargebacks.

MSP offers Advantage, a unique proprietary solution designed to both reduce the cost and improve service and support associated with accepting credit cards and other non-cash payments. Advantage combines the expertise of MSP’s team, tools, business methodology, and cutting edge technology to create a comprehensive and differentiating solution for merchant services. The solution improves bottom-line savings—average cost reduction of 25 percent over traditional payment acceptance methods. Fulfilling a client’s specific needs, MSP provides a customized solution along with best-in-class service and support.

MSP analyses a client’s business needs, specific requirements, current payment acceptance methods, and merchant service solutions to identify areas of overpayment and risk, opportunities for process and technology improvements. This also includes training for billing practices to offer specific and actionable recommendations. Utilizing pre-negotiated pricing with leading processors and equipment providers, MSP delivers optimized cost-effective solutions. Following the implementation of a solution, MSP’s on-going account monitoring ensures that savings are realized and regular performance reports are generated. The company also stands as the first line of support for clients. In one instance, MSP began working with Tresko, Inc and Ice-Masters, Inc and helped identify 22 percent cost savings and pinpointed a solution that ultimately saved a substantial amount in credit card processing fees. MSP guided the client through every step of the process and delivered the results that were promised.
In another instance, MSP helped Stormont-Vail Healthcare identify significant cost reductions in the fees paid for credit/debit card services while also helping them accept FSA/ HRA cards. With MSP assistance, the client transitioned to a new point of sale solution for their retail store operation by coordinating between various groups involved and ensuring that costs were minimized.


With MSP, clients experience a detailed understanding and successful delivery of online payments integrated into their systems


For mobile payment processing, which is essential to meeting the growing demands of the retail industry, MSP offers a broad array of mobile solutions. This includes support for EMV chip cards, near field communications, and digital wallets such as Apple Pay and Google Pay along with standalone and integrated solutions such as point-of-sale, virtual terminals, smartphones, tablets, and websites. In keeping with its objective to optimize non-cash payments, MSP’s comprehensive solutions incorporate business initiated ACH transactions, customer-initiated eCheck transactions, verification of bank account and experience, recurring billing for on-going payment plan support, and compliance with NACHA requirements. In addition, MSP works extensively with card-present transaction processing across healthcare, retail, restaurant, and not-for-profit industries, among other industry segments. Some multiple approaches and technologies are leveraged depending on the specific requirements of each business, but MSP tailors solutions to best meet individual business needs and allow for flexibility in future requirements.

With its sights set on being a leader in the payments industry, MSP is committed to being a trusted partner for payment solutions and a guide to enable clients to adapt to innovation and change.

Company
MSP Consulting

Headquarters
Overland Park, KS

Management
Patrick OBoyle, Owner

Description
A leading provider of payment services, MSP Consulting offers decades of experience guiding businesses through the complexities of card processing, payment systems technology, mobile payments, and accounting. MSP offers Advantage, a unique proprietary solution designed to both reduce the cost and improve service and support associated with accepting credit cards and other non-cash payments. MSP analyses a client’s business needs, specific requirements, current payment acceptance methods, and merchant service solutions to identify areas of over-payment and risk, opportunities for process and technology improvements.