Payment Systems Transformation

Reduce payment operations and lower support costs

Industries /Banking & Financial Services /Retail Banking /Payment Systems Transformation

Revitalize Payment Systems With an Open Framework Approach

Each month, your payments system acquires more users and a higher proportion of electronic transactions. Supporting new growth demands scalability and real-time responsiveness, which most legacy systems cannot easily accommodate. These systems often treat the mix of payment streams as separate activities, resulting in mixed-format messaging, duplicate processes and redundant modules that prevent flexibility. We can help. We deliver the expertise, methodologies, and tools to help you move forward

with digital-era business initiatives while getting the most out of your existing products and services. Our Payments Systems Modernization solution uses an open framework and consulting-led methodology to incorporate existing investments and then accelerate your transformation with compatible components from our partners. Over time, our solution can reduce both payment operations and systems support costs. See how NTT DATA can transform your payments systems and optimize your investments.

Reduce payment operations and systems support cost by up to 30% and increase straight through processing by up to 90%.

Key Benefits

Our services span the project lifecycle to help you seamlessly integrate business strategies with enabling technologies for competitive advantage.

Offering Details

Transforming your payments systems starts with payment modernization consulting, important because payments comprise about one-quarter of most banks' revenue. Transforming your existing payments systems into a unified payments hub is a complex process, but you can depend on our domain knowledge to design and implement your

transformation strategy. Next, our faster payments consulting help modern systems integrate with current payments systems (including Electronic Funds Transfers, wire transfers and Automated Clearing House) to meet customer expectations for a ubiquitous, speedy and convenient payment service, all while helping to reduce end-to-end risk exposure. Finally, our Payment Insourcing

Workbench and Dashboard delivers a single view of all incoming and outgoing payment transactions using a front-end application that interfaces with your payments back-office operations. You will repair and flag approvals, define a user hierarchy, and benefit from a drill-down functionality to view specific transaction status and making modifications.

Payment Systems Transformation