Are Two Heads Better Than One? The Trend Toward Alliances Between Enterprise Payments Vendors

Published by: TowerGroup

Published: Sep. 24, 2007 - 6 Pages

Table of Contents

Report Coverage

Background

Enterprise Payments Technology

Exhibit 1 Enterprise Payments Technology Sweet Spot (2007)

Vendor Solution Categories

Exhibit 2 Enterprise Payments Vendor Categories (2007)

Enterprise Payments Vendor Review

Summary

Abstract

The concept of "enterprise payments" is alive and well. The purpose of enabling a consolidated view across operations and technology silos in banks' payment domains is to improve payments processing efficiency and rationalizing technology. To that end, banks must navigate the technology choices available from software vendors purveying enterprise solutions. TowerGroup has identified a trend in which the technology solutions fall into two broad categories: payments frameworks and payments applications. This TowerGroup ViewPoint reviews the solution software categories and identifies the major vendors that have solutions in the enterprise payments marketplace.

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