Leveraging Outsourced Payments Product Management [ Source: Fiserv ]
January 2009- In the United States, financial institutions, on average, derive 30-40 percent of their revenue from payments. Therefore, the massive transformation from paper-based to electronic-based payments processing is putting financial institution profitability at risk.

While Check 21 enactment in 2004 set many of the payments industry changes into motion, a number of other factors over the past decade have had a material effect on paper and electronic volumes. Increased debit card use and a variety of ...

Convergent Payments Optimization: Service-Oriented Technology Creates a Single Hallway for Payments Processing [ Source: Fiserv ]
February 2009- Streamlining payments processing is an effective way to improve financial institution profitability, especially now when payments account for a greater percentage of financial institution revenue. Through a convergent payments solution, dramatic reductions in cost can be realized. In addition, the new services that a convergent payments solution enables are highly valued by corporate treasurers. Financial institutions can use these services to defend and increase market share while enhancing revenues. Fiserv research points to the fact ...

Reduce exception item processing costs: New technology paves the way to new savings [ Source: Cummins Allison ]
January 2013- The fiscal strength of financial institutions (FIs) has weakened under the stress of multiple economic and industry factors. A mandate to trim costs to reinvigorate their base and maintain profitability into the coming years grows increasingly difficult to fulfill. And, while the electronification of checks has been a step forward on the path of operational efficiency, initially yielding some economic benefit, it does not go far enough to solve the challenging issue of rising preventable ...

The US Financial Institution Landscape: How Has It Changed? What Are the Options? [ Source: Symcor LP ]
June 2009- There continues to be a tremendous amount of financial strife in the financial services industry that is causing banks to change the ways they are delivering services to their customers and control costs. This paper points this out and highlights outsourcing of payments processing as a legitimate option and what banks should look for in an outsourcing partner.

Convergent Payments Optimization: Service-Oriented Technology Creates a Single Hallway for Payments Processing [ Source: Fiserv ]
February 2009- Streamlining payments processing is an effective way to improve financial institution profitability, especially now when payments account for a greater percentage of financial institution revenue. Through a convergent payments solution, dramatic reductions in cost can be realized. In addition, the new services that a convergent payments solution enables are highly valued by corporate treasurers. Financial institutions can use these services to defend and increase market share while enhancing revenues. Fiserv research points to the fact ...

A Leading e-Commerce & Payment Solutions Provider Migrates Its Card-issuing and Merchant-acquiring Clients to the VisionPLUS Platform [ Source: Virtusa Corporation ]
November 2007- Virtusa helped our client migrate its transaction processing from the legacy Equasion platform to the VisionPLUS’ platform, while also improving its software development processes and leveraging platforming efficiencies across disparate client requirements.