Gartner Research

Why Banks Must Start Modernizing Their Payment Systems Now

Published: 09 September 2009

ID: G00170470

Analyst(s): Christophe Uzureau , Mary Knox

Summary

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.

Table Of Contents
  • Overview
  • Viewpoint
  • Focus of This Research
  • Analysis
    • Strategic Intent of Banks for Their Payment Operations
    • Payment Products and Services That Banks Are Looking to Develop
    • SEPA: The Great Accelerator of Change
    • What Payment Modernization Means for European Banks
    • How Modernization Will Support Strategic Sourcing
    • Implications for Processors: The Rise of the Strategic Payment Provider
  • Recommendations

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