Examine the Latest Developments in Wholesale Payments Processing Within Financial Markets.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c50495) has announced the addition of Wholesale Payment Processing in Banking (Review Report) to their offering. This report combines all seven briefs from the wholesale payments processing theme for H2 2006. Areas covered include an overview of key trends and issues that banks are currently faced with and the strategies and technologies that are currently used to address such wholesale payments processing burdens. Scope of this title: - Focuses on Europe and USA - Forecasts wholesale payments processing IT spend by region until 2009, with spend broken down by source, activity and countries. Highlights of this title: - Payments products and services represent a critical revenue stream for banks but have also been an area of cost focus as well. Today, changes in regulation and customer behavior, new cost and efficiency pressures and the migration to electronic transactions are among the many forces driving change in payments products and processing. Reasons to order your copy: - Gain visibility on the latest developments in wholesale payments processing activity within financial markets - Use our timely and concise analysis of key business and technology issues to develop a compelling go-to-market strategy. Topics Covered OUR VIEW CATALYST SUMMARY METHODOLOGY Executive Summary Introduction Current wholesale payments landscape in banking (Market Focus) The changing face of the wholesale payments industry (Strategy Focus) The future of wholesale payments technology in financial markets (Technology Focus) Wholesale payments processing spend by activity for Europe and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. (Databook) Wholesale payments processing spend by European and North American country Noun 1. North American country - any country on the North American continent North American nation country, land, state - the territory occupied by a nation; "he returned to the land of his birth"; "he visited several European countries" (Databook) Wholesale payments processing spend by source for Europe and North America (Databook) Wholesale payments processing activity by internal and external spend for Europe and North America (Databook) Summary Payments processing is moving at different speeds in Europe and North America The external environment clearing and settlement systems in Europe and North America Real-time gross settlement (RTGS RTGS Real Time Gross Settlement RTGS Real Time Gross Settlement System ) Deferred net settlement systems (DNS (Domain Name System) A system for converting host names and domain names into IP addresses on the Internet or on local networks that use the TCP/IP protocol. For example, when a Web site address is given to the DNS either by typing a URL in a browser or behind the ) Automated Clearing Houses See ACH. (ACH (Automated Clearing House) A system of the U.S. Federal Reserve Bank that provides electronic funds transfer (EFT) between banks. It is used for all kinds of fund transfer transactions, including direct deposit of paychecks and monthly debits for routine payments to ) The wholesale payments market is still comprised of highly fragmented frag·ment n. 1. A small part broken off or detached. 2. An incomplete or isolated portion; a bit: overheard fragments of their conversation; extant fragments of an old manuscript. 3. systems Domestic payments require the debiting/crediting of accounts in the same currency Cross-border payments are increasingly becoming domestic transactions inside the EU Falling margins and regulations are increasing pressure on banks to improve efficiency Product innovation is critical if banks are to remain competitive Recent and ongoing changes in the external payments infrastructure are creating more opportunity for banks THE CHANGING FACE OF THE WHOLESALE PAYMENTS INDUSTRY (STRATEGY FOCUS) Summary Introduction to the payment processing value chain Cost-cutting remains a key driver for payments re-engineering efforts Wholesale payments risk management remains a key priority for banks Enterprise payments strategies have had limited uptake uptake /up·take/ (up´tak) absorption and incorporation of a substance by living tissue. up·take n. thus far Customer-centricity is critical for a successful enterprise payments strategy Increasing number of banks will acquire payment tzars in near future Enterprise payments strategists can help banks attain horizontal views across products Uptake of shared service centres is driving the centralization cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. of payments processing The centralization of payments policy and processing will have major implications for stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. Banks need a long-term enterprise integration strategy in payments processing Vendors should explore wholesale payments systems risk management solutions THE FUTURE OF WHOLESALE PAYMENTS TECHNOLOGY IN FINANCIAL MARKETS (TECHNOLOGY FOCUS) Summary Banks need to replace legacy systems by adopting component-based approach Big-bang projects are expensive and deliver slow ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). A component-based approach to re-engineering will deliver faster ROI at lower project risk The message broker offers an alternative to expensive thick-client solutions Vendors should focus on providing solutions that support gradual replacement projects Vendors need to effectively demonstrate short-term ROI Vendors need to strike the balance between end-to-end and best-of-breed solutions WHOLESALE PAYMENTS PROCESSING SPEND BY ACTIVITY FOR EUROPE AND NORTH AMERICA (DATABOOK) Introduction European wholesale payments processing spend by activity North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. wholesale payments processing spend by activity WHOLESALE PAYMENTS PROCESSING SPEND BY EUROPEAN AND NORTH AMERICAN COUNTRY (DATABOOK) Introduction Wholesale payments processing spend by European country Wholesale payments processing spend by North American country WHOLESALE PAYMENTS PROCESSING SPEND BY SOURCE FOR EUROPE AND NORTH AMERICA (DATABOOK) Introduction European wholesale payments processing spend by source Wholesale payments processing spend by source for North America WHOLESALE PAYMENTS PROCESSING ACTIVITY BY INTERNAL AND EXTERNAL SPEND FOR EUROPE AND NORTH AMERICA (DATABOOK) Introduction European wholesale payments processing activity by internal and external spend North American wholesale payments processing activity by internal and external spend APPENDIX Definitions EURO1 STEP1 / STEP2 SWIFT TARGET / TARGET2 TWIST Payment initiation Payment operations Payment engines Gateways / Interfaces Internal External Packaged software See software package. Professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. Outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. Hardware Systems integration Further reading Ask the analyst List of Tables List of Figures For more information visit http://www.researchandmarkets.com/reports/c50495 Source: Datamonitor |
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