Banks & Retail
Upgrade acceptance platforms to support new technologies and channels, while reducing costs for merchants and retailers.
Acquiring banks need to balance increasing complexity with a need to reduce transaction acquisition costs. Retailers are increasingly keen to accept a growing range of digital payment form factors, via multiple channels, to support the changing preferences of consumers.
The shift towards digital payments because of this omnichannel approach also means that digital payment volumes are at an all-time high, creating a technical challenge for merchant acquirers. Existing business models are also being challenged by new entrants like value-added service providers, mPOS providers and FinTechs.
Acquirers are therefore working to launch new payments processing platforms and services to massify transactions across different payment channels and large multi-store networks, simplifying operations and reducing costs.
When upgrading legacy infrastructure, seeking expert consultancy ensures that upgrades are timely, yet secure and flexible enough to accommodate future evolution. FIME supports merchant acquirers with the tailored consultancy, solution engineering, automated test tools, certification and testing services needed throughout every stage of projects.
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