Payment services represent a significant revenue stream for banks and are a vital link between a bank and its customers. Maintaining that link effectively, however, is proving to be highly problematic. That is because the payments function is forced to operate in a landscape of continually lowering margins, increased competition, heightened customer demand for new products, increasing costs, and regulatory-driven changes.
Banks must explore new ways to retain and grow payments business. The leveraged services utility model provides a structure that will enable banks to stay in the payments business for the long term. Download this viewpoint paper and see how HP’s Leveraged Services Utility Payment Model provides the following benefits:
- Lower Cost
- Controlled, shared capital expenditure, with future investments funded by the utility service income
- Enhanced revenues for participants through the ability to use the utility platform to enter new markets and, for shareholders, from the utility income
- Improved processes
- Enhanced levels of information
To find out how HP’s Card and Payment Services can help you grow your cards and payments business, visit them in Meeting Room MR 4T06 at Cards & Payments Asia 2012 on 25-27 April 2012 in Hall 401, Suntec Singapore. Pre-register online before 13 April 2012 and stand a chance to own an iPad!*