Product Type: Market Research Report
Published by: TowerGroup
Published: November 2006
Product Code: R301-1207Description Glancing inside a typical bank's back office, you will find that payments processing relies on well-defined operational processes to keep auditors satisfied and to pare operating costs down to a minimum. Digging a little deeper reveals an organization stressed by customer expectations, new payment infrastructures, and ever-stringent regulatory demands. Can banks compete if they are reliant on outdated technology for the payments function? This TowerGroup Research Note examines the pressures constraining payment operations today and, by considering banks as logistics providers of payments, suggests why banks must invest in an enterprise view of payments to gain competitive advantage.Table of Contents
- TowerGroup Take-Aways
- Report Coverage
- Payments Back-Office Technology Issues
- Historical Perspective
- Exhibit 1 Technology Evolution in Payment Systems (1970s-2000s)
- Current Technology Constraints
- Exhibit 2 Typical Bank Payment System Infrastructure: A "Spaghetti Network" (2006)
- Pressures on the Payments Business
- Commerce Drives Payments
- Exhibit 3 Cashless Payments in Industrialized Nations by Type (1998-2004)
- Payment Integration with Banks
- Risk Management and Compliance Legislation
- New Market Infrastructures
- Exhibit 4 Major Global Payment Network Changes and Regulations (2001-10P)
- Managing the Payments Business
- Logistics Management as an Enterprise Payments Model
- Logistics and the Just-in-Time Supply Chain
- Exhibit 5 Typical Manufacturing Supply Chain (2006)
- JIT Payment Processing
- Exhibit 6 Payments Logistics Chain Proposed by TowerGroup
- Banks as the Payments Logistics Providers
- Implementation Approach for Enterprise Payments
- Payments Architecture
- Exhibit 7 Enterprise Payments Objectives for Banks and Core Payment Functions and Services (2006)
- Payments Road Map
- Summary
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