Ch 4. Mobile banking and payments, hype or reality? - Payments: The challenges, and the rewards
May 19 2010
The payments landscape is fundamentally changing, creating numerous challenges for banks as payment providers. Customers are demanding more, so banks are having to decide how to update their payments infrastructures to meet those demands.
Competition in becoming fiercer and – the bane of every financial institution – regulation is getting tougher. Despite all of this, the rewards for successful providers can be high.
These issues and more were discussed at a Leadership Series round table in Brussels, Belgium, chaired by Michael Imeson, contributing editor of The Banker, and sponsored by Clear2Pay, the Brussels-based technology company that provides payment solutions to banks, non-bank payment institutions and clearing houses. An article based on this discussion appeared in the April 2010 issue of The Banker.
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