Transforming Payment Systems

In this special supplement, PCM – in conjunction with Alaric, an NCR company and a global supplier of fraud prevention and payments processing products – outlines how banks and other institutions can embark on the path towards payment system transformation.

Payment system transformation has become a pressing need for many banks at a time when their long-standing legacy systems may no longer be fit for purpose in an increasingly omni-channel age.

Payment system transformation refers to the replacement, upgrade or outsourcing of a bank’s processing systems, comprising an integrated suite of services and functions for processing transactions and managing settlement.

For banks, these are vital business requirements which span several business units.

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