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 ....

ACH Outsourcing: A Profitability Enhancing Option for Mid-Tier and Large Financial Institutions [ Source: Fiserv ]

February 2009 - The credit crisis has exacerbated the need for financial institutions to reduce operating costs, safeguard customer relationships and maximize revenue potential. Until recently, most financial institutions counted on their payments business to generate between 15 to 30 percent of total revenue. However, due to the decline in credit products, payments now represent an even larger share of overall revenue and protecting that income is mission-critical. To make the payments business more profitable, financial institutions must ....

The Opportunity for Banks in Alternative Payments [ Source: Moneta Corporation ]

January 2009 - This white paper, co-authored by SunTrust Bank and Moneta executives, provides a banker's perspective and market analysis of the alternative payments marketplace, projected to reach 30% of all online payments by 2012. Consumers are increasingly choosing free payment solutions which offer convenience, security and online privacy. PayPal and BillMeLater have become the dominant providers, limiting bank opportunities for interchange, deposit retention and online consumer services. This paper outlines what banks can do to capture alternative ....

Knowledge is Power: How the Quest for Greater Visibility is Redefining the Relationship between Corporate Clients and their Banks [ Source: Bottomline Technologies ]

September 2008 - With increasing regularity, today’s corporate treasurers are looking to their banking partners to be catalysts for driving greater strategic value inside their organizations. In order to serve in this role, banks must transform how they interact with corporate clients, pushing aside long-standing, silo-based approaches to products and services, and embrace the role of true ‘partner.’ For banks, the future course is one that no longer emphasizes the collection and aggregation of data, but one in ....

Non-Banks vs. Banks: Payments Revenue At Risk [ Source: Sterling Commerce ]

October 2007 - To counter the threat of venture capital-fueled upstarts, banks should take advantage of their potential strengths: integration across product lines and channels, industry collaboration and sensitivity to the needs of government.

Communications Manager [ Source: ProfitStars, a division of Jack Henry & Associates ]

April 2008 - Industry experts predict five million small businesses are looking to add remote deposit capture by 2012. This thought leadership paper provides tips and strategies for financial institutions to proactively target the small business market with a remote deposit capture solution. It also explains what small businesses expepct in terms of remote deposit capture functionality.

Taking Control of Payment Duplication [ Source: CONIX Systems ]

November 2007 - Being duped is never a good thing. This is especially true for financial institutions when the age-old backroom problem, payment duplication, is magnified because of new electronic clearing protocols. In the past, duplicate postings to demand-deposit accounts (DDAs) were a manageable processing anomaly because financial institutions became proficient at minimizing these exceptions in the paper check-based environment. However, times have changed. Payment systems must now deal with automated clearinghouse and lockbox items, as well ....