Professional Documents
Culture Documents
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Payment Industry Priorities
The payments market is The forces driving this change require Furthermore, payments are a key
banks and other payment service way for banks and payment service
undergoing tremendous change.
providers to transform their business by providers (PSPs) to maintain a strong
Customers demand for omni-channel, real developing new capabilities, new business link with the customer experience; by
time payments is driving more innovation models and innovative operating models transforming their payment business,
and efficiency. Open source crypto- (see Figure 1). The changes are substantial banks and PSPs can remain relevant at
protocols are providing an alternative to and expected to absorb significant budget the point of interaction with customers,
bank led clearing and settlement. Banks and effort. But the benefits from greater protecting themselves from the risk of
are at the risk of disintermediation with competitive positioning and efficiency disintermediation in the value chain.
the entry of non-bank PSPs. Digital is far outweigh the price of making this
driving innovation in card payments and transformation.
new regulations like PSD2 is mandating
security, charges and access of bank
accounts.
FIGURE 1. Payments industry priorities: New forces are driving the transformation in
the payment business, requiring new capabilities and operating models
Card issuing
Renew card issuing processing platforms to support cost efficiency
and growth in volumes
Protect and reinvent revenues under threat from interchange regulation
Adapt to the multichannel environment
Use customer analytics
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How Accenture serves the Payments Industry
5. Operations
Business process outsourcing
Infrastructure outsourcing using onshore and offshore solution centers
Payment managed services
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Our Value Proposition
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Payment Services Offerings
Corporate Portals
Corporate Payments & Value Added Services for corporate clients (Liquidity
Core
Everyday payments
Digital ecosystem: m/e-commerce, m-wallet, m-
Digital Payments and Innovation couponing, vouchering, loyalty, analytics
Digital currency (Bitcoin, Ripple)
Payment APIs & Internet of Things
Bank Operations
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Success in the Market
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Why Accenture?
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Contact us
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