How can banks cope with changes in a challenging environment and what are their options for updating their payment technology?
Download the latest White Paper by Aite-Novarica Group to understand the current trends in retail payments. The report evaluates the need for banks to modernize their payment infrastructure by adopting the Cards-as-a-Service (CaaS) model. CaaS is a model of delivering payment card services to customers through a third-party provider. It typically involves outsourcing the management and infrastructure required for card issuing and payments processing to a specialized company. The provider handles the issuance, management, and maintenance of payment cards for the client, typically a financial institution or a retailer.
White Paper Highlights:
• Payment modernization is a top priority for FIs
• CaaS provides a way for FIs to innovate
• Partnerships between FIs and CaaS providers are preferred
Download the whitepaper here: