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An Enterprise Payments Reality Check: Recent Survey DataPublished by: IDC Published: Dec. 30, 2008 - 14 Pages Table of ContentsTable of Contents Financial Insights Opinion In This Report Situation Overview Business Need Figure: Existing Bank Architecture: Channels, Payment Systems, and Core Systems Figure: Top 20 Banks' Use of Enterprise Payments Bank Size Relates to Enterprise Payments Activity Table: Bank Size Relative to Scale of Processing, Processing Systems, and Enterprise Payments Enterprise Payments in Summary Scenario for the Short Term The Ideal Single Platform Figure: Enterprise Payments Concept Diagram The Approach Banks Look for Convergence Figure: U.S. Total Checks Written Versus Total Transactions, 2006-2011 Payments Hub As a Beginning for the Future Best-of-Breed Strategies Initial Strategies Differentiating the Adopters Future Outlook Commoditization Reduces Revenue Convergence Poses Challenges Consolidation Requires Integration of Multiple Systems Competition Increases Essential Guidance Actions for Financial Institutions Actions for Vendors Learn More Related Research Synopsis AbstractThis Financial Insights report summarizes studies of enterprise payments made by Financial Insights over the past three years and makes recommendations for actions for financial institutions and vendors. According to Aaron McPherson, practice director, "Spending billions of dollars to acquire financial institutions while economizing on the technology needed to integrate them is extremely short sighted and will only ensure that the integration is long, messy, and painful, driving a large number of the customers one is spending all this money to acquire directly into the arms of competitors." Get Full Details About This Report >> |
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