Moving and Shaking: Never a Dull Moment in the Consumer Card Payments Business
The last 20 years have seen the payments industry come full circle, from a mass exodus of banks in the l980s, to the rise of third-party processors in the 1990s, and now to banks re-entering the industry at the beginning of the 21st century. The payments industry is at a crossroads, and the rapidly unfolding changes must be met head-on by financial institutions.
In this Strategic Commentary entitled “Moving and Shaking: Never a Dull Moment in the Consumer Card Payments Business,” Speer & Associates, Inc. (S&A) examines several facets of the reshaping of the industry and addresses what banks need to consider—the sooner the better—in their payments strategies.
