On The Mark (OTM) Payments, a provider of customized electronic payment solutions, is pleased to announce a synergistic partnership with technology provider, CardX, to deliver a new cost-saving program specifically designed for municipalities and educational institutions.

Intelligent Rate processing enables the electronic payment accepting entities to transparently pass along all credit card processing fees to their consumers. This is an innovative and turn-key solution rooted in unique processing software and hardware which successfully meets card brand rules. Moreover, consumers using a credit card for payment benefit from the software’s “intelligent” ability to assess the true service fee associated with their specific card, which may be as little as 0.75% as compared to a flat rate average of 2.75%.

“The economic value of this program to today’s municipalities and educational institutions is enormous,” explains OTM Payments CEO Dick Spigai. “This technology is simple to use and allows these entities, which often operate on very slim operating budgets, to save meaningful dollars. We unveiled this program at the recent New Jersey League of Municipalities in Atlantic City and the interest was extraordinary. It’s a game changer.”

“The US has the most expensive interchange pricing in the world and the cost of credit card acceptance continues to rise for every entity accepting credit cards as a form of payment. In fact, from 2012 to 2018, total interchange fees levied by Visa and Mastercard in the US increased by a staggering 77%,” says CardX CEO Jonathan Razi. “OTM Payments has a proven track record of delivering meaningful processing solutions and we are proud to partner with a provider that prioritizes the best interests of its merchants, ensuring products and services necessary for cost-effective operations.”

Merchants interested in learning more about accepting 
credit cards through this innovative Intelligent Rate program 
should contact OTM Payments at 732.230.7700.

OTM Payments provides seamless, secure and innovative payment solutions across a variety of industries including healthcare, retail, hospitality, education, non-profits, professional and service organizations. Through its innovative agent bank program, the company also delivers end-to-end electronic payment solutions to financial institutions and their commercial customers. For more information, visit

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