Description
The payments business is increasingly complex and competitive, with new channels, platforms and players creating both opportunities and challenges for banks looking to maintain or grow key sources of revenue. Financial institutions continue to rely on payment processing as a principal profit driver. However, the financial crisis and ensuing regulatory and political responses have raised some new hurdles to growing the payments business. Not only are there some significant new payments-related compliance requirements for banks to address most notably the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 but the economic downturn has caused an increase in fraud activity.
Add to these recent developments long-standing issues such as product commoditization, siloed payments channels and aging legacy processing systems, and it``s clear that banks seeking to gain competitive advantage in the payments business while also managing costs and risks face some significant hurdles on the way to leveraging the opportunities. How can banks looking to lead in payments balance sometimes competing demands for innovation, efficiency, security and profitability and avoid disintermediation as the payments landscape becomes more diverse and unpredictable?
This unique virtual event will feature presentations and discussions on the key topics related to helping banks drive growth and become more competitive in the evolving global payments landscape, including:
Mobile payments outlook where do banks fit in?
Cards what strategies can card brands, issuers and acquirers use to keep revenue coming in while keeping customers satisfied?
Financial supply chain what``s next?
Alternative Payments what banks need to know to stay in the payments loop.
Fraud detection and risk management the latest best practices.
Gain access to the payments industry`s top business technologists, experts and solution providers in an interactive environment, with the opportunity to discuss the realities, capabilities and expectations for banks seeking to gain insight into the technologies that will shape the next generation of the insurance industry, via an interactive platform that enables networking with peers, industry leaders, and solution providers.
