target audience: TECH BUYER Publication date: Sep 2024 - Document type: IDC MarketScape - Doc Document number: # US50426423
IDC MarketScape: Worldwide Integrated Bank Payment Systems 2024 Vendor Assessment
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Abstract
This IDC study is an assessment of worldwide vendors that provide an integrated bank payment system. Twelve vendors were assessed to understand their capabilities to deliver a comprehensive platform capable of handling transactions across multiple payment schemes from a single management context. Evaluation criteria include the range of payment types available, message handling capabilities, delivery channel options, additional functionality, road map, and customer feedback.
According to Aaron Press, research director, Worldwide Payment Strategies at IDC Financial Insights, "Rapid changes in the payments landscape are driving banks to modernize their infrastructure to handle a growing range of payment methods and channels. Choosing the right platform means understanding not only the technical capabilities of the system but also its overall fit for an institution."