Industry Watch 
Coping with growing electronic payments volume The trend away from cash towards all kinds of electronic payments presents huge opportunities for low-cost, innovative and convenient financial products and services. Alongside that comes the challenge of creating an infrastructure that can manage volume growth without increasing risk, allow fast entry into new markets using standard processing platforms and provide cost-effective processing across all channels. As new payment types enter the market, financial services companies and payments processors need flexible solutions in the lowest-cost delivery framework. Payment platform consolidation enables consolidated payment management across debit, credit and prepaid, providing access to the customer account via multiple entry points, extensive options for managing day-to-day customer service, as well as fully integrated fraud management tools. Financial institutions today need complete payment solutions for issuing and acquiring, clearing and settlement – offering consistent pricing and performance across local, regional and global payment processing operations. |