ID Number: G00170470



Why Banks Must Start Modernizing Their Payment Systems Now
9 September 2009
 
Christophe Uzureau   Mary Knox  

European banks are on the front line of payment system modernization because of the migration toward the Single Euro Payments Area and the Payment Services Directive.





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Table of Contents


    
 Analysis

1.0
    
 Viewpoint
2.0
    
 Focus of This Research
3.0
    
 Analysis

3.1
    
 Strategic Intent of Banks for Their Payment Operations
3.2
    
 Payment Products and Services That Banks Are Looking to Develop

3.2.1
    
 Retail Payment Systems: Thinking Beyond Compliance
3.2.2
    
 Corporate Payments: More Integration Needed
3.3
    
 SEPA: The Great Accelerator of Change
3.4
    
 What Payment Modernization Means for European Banks
3.5
    
 How Modernization Will Support Strategic Sourcing
3.6
    
 Implications for Processors: The Rise of the Strategic Payment Provider
4.0
    
 Recommendations

    
 Recommended Reading


List of Figures


Figure 1. 
 Thinking Beyond Cost Control
 

Figure 2. 
 Retail Payments Are About Choice
 

Figure 3. 
 Corporate Payment Systems, All About Cash Management Services
 

Figure 4. 
 How SEPA Is Influencing Modernization of Bank Payment Systems
 

Figure 5. 
 Prioritization of the Components of Modernization by Banks
 

Figure 6. 
 European Banks Will Rely on Sourcing After Modernization Is Initiated
 



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