Payment Solutions

With payments accounting for an estimated 40 per cent of cost, revenues and operating income at many banks, the need to not only lower the cost of payment processing but also make it more efficient is key for the financial services industry.

The fact that the deadline for implementation of the Single Euro Payments Area (SEPA) is drawing closer means that banks will have to invest in new technology and create innovative solutions to remain competitive while continuing with their rationalisation programmes.

Future Banking examines the impact of SEPA on banks – as well as the consumer – and how payments processing systems can be leveraged to maximise profitability, security and efficiency, and to minimise risk.