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2009 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in Global PaymentsPublished by: TowerGroup Published: Nov. 17, 2008 - 21 Pages Table of Contents
AbstractMarket instability defined global events for the second half of 2008 and will remain a key business driver for 2009, affecting the global payments business as an integral part of global financial markets.Top-tier banks will continue to invest in their payments businesses while other banks ride out the current financial storm. Focusing on convergence will help banks achieve better margins by enabling the use of lower-cost, electronic payment types. Consolidation will continue among banks and nonbank payment providers as market participants fail and survivors seek greater scale and market share. The movement to enterprise payments solutions underpinned by service-oriented architecture (SOA) will continue in 2009 as banks pursue greater efficiencies. Banks must make it easier for businesses to receive electronic payments if they want to accelerate the shift away from paper. Get Full Details About This Report >> |
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