2007 World Payments Report

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    • Payments
      • Payments Solutions
      • 2007 World Payments Report Overview
      • Major Findings of the 2007 Report
      • Europe Needs an “Any Card at Any Terminal Solution”
      • Towards an Open Architecture
      • The Choice of a Payments Strategy
      • The Emergence of Strategic Sourcing in Payments
      • Open Questions: Food for Thought
      • Methodology
      • ABN AMRO Transaction Banking
      • European Financial Management & Marketing Association

Latest Headlines

• Press Release: SEPA Success Subject to Incentives from Regulators
• Europe Needs an “Any Card at Any Terminal Solution”
• Banks are repositioning their payments business models
• Banks must urgently reconsider long-term strategic repositioning and either adopt 1 of 3 strategies: niche-player, low-cost producer or leader, or outsource their payments infrastructure
• Strategic Sourcing partnerships including Outsourcing, Offshoring and White-Labelling Play an Increasingly Important Role

Conclusions from the 2007 World Payments Report

The legal framework for a single payments market created by the European Commission, in order to remove the differences between member states, will shortly start to be implemented in a number of steps between January 2008 and November 2009. At the same time, the European banks have begun to address the SEPA goals through self-regulation.

The key legislative instrument, the Payment Services Directive (PSD), requires payments providers to make their offerings more transparent and more standardised, and introduces a new category of non-bank payments institutions. The legislator’s objective is to create a level playing field and enhance competition in the European payments market.

We believe that Europe’s experience will be relevant to other regions as they look to address the impact of the global trends on the banking community in terms of investment, positioning, and performance issues. The compliance costs for banks will continue to be considerable. The impact on revenues from regulatory changes and increasing competition will lead to price compression, forcing banks to improve efficiency and find new revenue sources. At the same time, markets are opening up and banks will have opportunities to position strategically to cope with new challenges and capture new opportunities. The resulting industrialisation of the global payments market is one of the main topics of this report.

We hope our findings and insights will spark debate and help the banking community make successful strategic choices.

Contact Us

To discuss the findings of the World Payments Report in more detail and find out how the SEPA will impact your financial institution, contact us at payments@capgemini.com.