Question
Your local Bank is trying to add GPS location in your statement, suppose you shopped in a pop shop and since they won't have a
Your local Bank is trying to add GPS location in your statement, suppose you shopped in a pop shop and since they won't have a proper name and would be something like " SH, atPOP $1.50" and if you forgot about the purchase you would call your bank. Given this, your local bank is going to look at two different third party vendors and wanted to see which would be worth the more to reduce the calls, which is costing $15 per call. So, the bank is sending 1000 transaction to these vendors. Vendor 1 would charge $0.10 and could guarantee 60% of the transactions. Vendor 2 would charge $0.08 and could guarantee 40%, so which is worth it and why. Let's say that after the analysis, the CEO of the bank gives the improvement team, which is the team responsible of the cost analysis, $100,000. Which vendor would be more worth it and which vendor would save the most money and why?
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