Transforming Bank Payment Processing With Accenture and SAP

Topics:
Commercial Banking
Tags:
Accenture Ltd.,
Bank,
Finance,
Operational Accounting,
Payment,
Payment Processing,
SAP AG
Source:
Accenture

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Overview: Progressive banks are recognizing the rationale for restructuring their payment value chain. Customers, with technological power at their fingertips, are substituting check payments for electronic transfers, mobile payments and direct debits. Meeting new regulatory requirements and standards, such as the Standard European Payment Area and Check 21, dictate change. Then, aging, multiple, fragmented and manual payment processing systems are causing high operational and maintenance costs and even leakage in the banks overall liquidity systems. The paper outlines that Accenture and SAP are working together to help bankers become transaction banking services providers with the payment processing flexibility they need for profitable, high performance banking.

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Format: PDF | Size: 146KB | Date: Sep 2005 | Pages: 2

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