Consumer Payments Strategy & Migration

The payments industry has experienced dramatic change and continues to be rocked by litigation, shifting payment habits, and new payment applications. These perturbations have created opportunities and challenges for financial institutions to both sustain and grow the value of their payments business.

We can help you improve your non-interest income by working collaboratively with you to develop a comprehensive payments strategy that includes:

• Analysis of the unit economics of each payment product; quantification of the value of ‘payments’.
• Discrete actions and tactics to improve the performance and profitability of each payment product.
• Payments migration strategies to influence how your customers choose to pay, biased toward more profitable transaction vehicles.
• Organizational structure recommendations to support and manage payments across your enterprise.

To learn more about our Consumer Payments Strategy and Migration solution, please click here.

We have advised many leading financial services organizations:

- Payment strategy development with 8 of the top 10 U.S. banks

- Retail banking strategy (pricing, distribution, and account retention)

- Strategy, research, and pricing analysis with some of the largest EFT networks and card associations

- Market research and strategy for the U.S. Treasury and the Federal Reserve Bank

- Market analysis and strategy development with leading payment processors

- Product development
with ATM manufacturers and payment providers

- Market research studies spanning consumers, merchants, and financial institutions

- Expert testimony in litigation