With growth percentages often in the three digits, and sometimes four, India’s payments sphere promises opportunity for U.S. firms.
Financial institutions must meet the diverse needs of customers with multiple options for billing and payments, along with extras such as same-day payment options and due-date alerts.
The so far disappointing rollout of EMV chip cards could spur consumers to gravitate to mobile wallets for payments.
For banks to compete with digital disruptors requires adopting technologies that enable them to improve their products and services in terms of both cost and the customer experience.
Five key market-shifting trends will require financial institutions to stay agile in 2016 to accommodate the rapid pace of change in payments.
Same-day ACH services can both lower payments costs for banks while improving customer service.
Understanding the key implementation considerations involved with payments hubs will both ensure shorter implementation cycles and generate a faster return on investment.
Data breaches are nearly inevitable in today’s high-risk digital world, but financial institutions can recover from them more quickly with robotic process automation.