Gartner Research

Electronic Payment Processing

Published: 05 September 2018

ID: G00383491

Analyst(s): Consult the Board Research Team

Summary

This summary contains input from five members on electronic payment processing. We begin this summary with an overview of members' preferred payment channels and payment types, use of real-time (or near real-time) processing for payment or settlement of funds, and manual handling of payments. We then examine members' vendors and solutions used for end-to-end payment processing – including cloud-based solutions – the challenges faced in the end-to-end processing environment, and ways to address these challenges. We close with analysis of members' approaches and best practices for modernization of payment processing systems.

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