Search
  • About us
    • Partners
      • Strategic partners
      • Technology partners
      • Regional business partners
      • Consulting and standardisation
    • News & events
      • 2021
      • 2020
      • 2019
      • 2018
      • 2017
    • Independent view
    • What our customers say
      • City Bank, Bangladesh
      • GPC, Antigua
      • Klarna, Sweden
      • MultiCarta, Russia
      • Quipu, Germany
    • Corporate social responsibility
      • Our approach
      • Our initiatives
      • COVID-19 response
    • Careers
      • Sales manager
      • Implementation engineer
      • Sales support manager
  • Insights
    • Customer experiences
      • Case studies
      • Success stories
    • Leaflets
      • Compass Plus
      • TranzAxis
    • Reports
      • The rise of the payments super app – a fad, or the future?
      • PayX deep dives into Open Development Payment Platforms with an independent study into TranzAxis
      • Let's talk about remote project delivery
      • The rise and fall of a fraudulent transaction
      • Measuring system performance
      • Mobile banking: One size doesn't fit all
      • Optimising payment platforms for profitability & commercial success
    • Blog
      • 2021
      • 2020
      • 2019
      • 2018
    • Articles
      • 2021
      • 2020
      • 2019
      • 2018
      • 2017
    • Podbytes
      • 2020
  • Solutions
    • Payments platform
    • Processing services
    • Mobile payments
  • Contact us
Compass Plus
  • About us
  • Insights
  • Solutions
  • Contact us
Menu
  • Payments platform
  • Processing services
  • Mobile payments
  • Customer experiences
  • Leaflets
  • Reports
  • Blog
  • Articles
  • Podbytes
  • Partners
  • News & events
  • Independent view
  • What our customers say
  • Corporate social responsibility
  • Careers

Compass Plus and Consult Hyperion team up to delve into future ready payments platforms

  • #Consulthyperion
  • #whitepaper
  • #webinar
  • #paymentssytem
  • #futureready
  • #payments
  • #compassplus

Compass Plus and independent global payments consultancy Consult Hyperion have joined forces to make industry professionals question whether payments platforms that are entering their fourth decade can truly meet their future business needs in a new white paper and webinar. Delving into the differences between payment platforms born in the 1990s and those developed and launched in the 2010s, the white paper and webinar focus on how a newer platform can help financial institutions and fintechs compete in today’s market and long into the future.

Over the last decade, the payments industry has changed significantly, and the introduction of alternative payments and initiatives such as Open Banking have meant that the card is no longer at the centre. Financial institutions today require their system to be flexible and offer them the ability to bring products and services to the market quickly to be able to compete in the market. However, many continue to operate on card-based platforms that were developed in the 1990s, instead of moving to moving to modern, third generation payments platforms which were built to provide FIs with the means to launch ground-breaking products and solutions suitable for the market today, and in the years to come.

Compass Plus teamed up with Consult Hyperion for two reasons – firstly, to try to make FIs and fintechs across the world question the longevity of card-centric 1990s, or second generation, payments platforms considering the acceleration of digital transformation and payments modernisation the industry is experiencing. The second reason was to highlight the key differences between the platforms and the benefits and flexibility a platform developed in the 2010s can bring to their users, compared to their 1990s counterparts.

“As the digitisation of payments accelerates, and the demands of the consumer and merchant increase the trend towards Hyper-personalisation, the need for FIs and Fintechs to continually innovate their payments offering to provide consumers the choice of how they pay, puts pressure on underlying processing platform to deliver. This white paper explores the limits of card centric platforms and considers what can be achieved from future ready payments processing platforms,” commented Gary Munro, Principal Consultant at Consult Hyperion.

To watch the webinar, click here.

To read the white paper in full, click here.

  • Privacy policy
  • Terms of use
  • Cookie policy
Copyright © 1998-2021 Compass Plus Ltd. All rights reserved