Driving Down the Cost of Consumer Payment Processing

Topics:
Commercial Banking
Tags:
Accounts Receivable,
Electronic Payment,
Finance,
Mellon,
Operational Accounting,
Payment,
Payment Processing
Source:
Mellon

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Overview: Payment processing operations (whether internal or outsourced) must continually invest in maintaining the technology required to deliver maximum unit productivity at minimum unit cost. It is also becoming increasingly obvious that investments in hardware, software and expertise related to accounts receivable check (ARC) conversion, Check 21, online bill payment and imaging are imperative for payment processors to provide billers with a full suite of paper and electronic payment service that deliver consumer satisfaction and minimal processing costs. This article briefly discusses the important requirements to achieve it.

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Format: PDF | Size: 662KB | Date: Jan 2005 | Pages: 2

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