November 29, 2015
Trying to get to the heart of what makes a truly fit for purpose payments solution is complex and challenging. There are endless facets and characteristics that can appear impossible.
Yet despite this difficulty, it is absolutely necessary. Because it is only by getting this understanding that the payments industry can provide the services that merchants, banks, agents and PSPs want and deserve.
In order to achieve this, a holistic view of payments must be taking, avoiding the silo-thinking that, all too often, impedes progress.
By doing this, we are able to see payments as a whole process and get a better understanding of what drives it and what it consists of. This is what we call the Payments Triangle
The Payments Triangle is made of three sides – three characteristics that any payment solution has to have at its core:
- Speed ...