Effective Preprocessing: The Path to Faster Payments Modernization

The industry wants faster and more efficient payments.  

November 15, 2022 – Businesses worldwide want to access new payment channels, and their tolerance for difficult onboarding experiences has grown thin. In order to facilitate greater adoption and grow sales, FIs seeking next-generation features need to offer file translation services that reduce the need for costly ERP upgrades and preprocessing capabilities that provide intelligence payment routing.

This report discusses the capabilities that would enable banks and FIs to modernize quicker, increasing sales for payment-channel-related products. It draws the author’s industry and subject-matter knowledge, and includes data extrapolated from an online Aite-Novarica Group survey of 790 employees of midsize and large corporations in seven North American and European countries (Canada, France, Germany, Italy, Spain, U.K., and the U.S.) in Q2 2022.

This 22-page Impact Report contains five figures. Clients of Aite-Novarica Group’s Commercial Banking & Payments service can download this report and the corresponding charts.

Related Content

Confusion, Cost, and Compliance: The Bifurcation of BaaS and Embedded Banking

A banking license and full-stack APIs are critical to harnessing the promise of embedded banking.  

The Impact of the Pandemic on U.S. Bank Core Systems Replacements

The level of urgency for banks to replace their core systems continues to rise.  

Intelligent Payments Processing: Research on a Modern and Optimized Payments Journey

Innovative payments platforms use advanced technologies to improve process efficiencies and create cloud-based, service-oriented ecosystems.  

Get Summary Report

"*" indicates required fields

This field is for validation purposes and should be left unchanged.