Description

The deadline to migrate to Single Euro Payments Area-compliant (SEPA-complaint) payment operations provides a unique opportunity for software vendors of payment processing platforms to expand their revenue. Service-oriented architecture-based (SOA-based) platforms that provide integrated channel management as well as centralized, rule-based processing clearing and settlement payment management will enable banks to migrate to SEPA-compliant payment operations. This market insight, based on interviews with top vendors, analyses the software solutions available and the factors that have changed the market’s segmentation in Europe. It also provides an outlook for the next five years from both technology and business standpoints.