This new white paper by Aite-Novarica Group explores some of the challenges financial institutions face when receiving payments in different messaging formats and standards, and how the task of identifying, validating, transforming and routing payments is tremendously time consuming, costly and fraught with risk. By converging payments on a unified system, banks can realize a number of benefits that improve payments operations and ultimately customer service and experience
In this white paper, we explore the key capabilities and benefits of preprocessing.
Key capabilities include:
● Modernizes payments systems by enhancing your existing infrastructure
● Accepts a broad set of file formats and provides transformation capabilities
● Integrates with the latest APIs and is ISO 20022 ready
● Lowers the barrier for business customers to adopt new payment channels
● Provides intelligent routing options at least cost, fastest routing and customer and account preferences
Download the complimentary white paper.