- Payments processing varies greatly across Asia and across companies, but if done inefficiently can lead to damaging business consequences and losses.
- Thus, a company's bank must offer suitable products, support, security, delivery channels, integration, reporting, reconciliation, local expertise and pricing.
- Only by accounting for these concerns can an appropriate partnership be formed.
- The partner bank's technological sophistication becomes essential to meeting these concerns and must easily integrate into existing payments processing systems.
Concurrent to any company's streamlining of internal administrative functions is the aim for maximum efficiency in its payments processes. Payments processing is an area within the treasury function that demands the...
