Ebook

Commercial card payments: a guide to upgrading commercial card capabilities and streamlining portfolio migration

Commercial card payments: a guide to upgrading commercial card capabilities and streamlining portfolio migration

Pages 7 Pages

Commercial card migration is a strategic opportunity for financial institutions to modernize B2B payments, enhance efficiency, and meet rising client expectations. Successful migrations follow four phases: pre-migration planning, migration execution, post-migration support, and legacy deactivation. Key success factors include proactive client engagement, meticulous planning for complex onboardings, early sunset planning of legacy systems, and strong cross-organizational communication. Institutions must also prepare for added diligence if changing processors or networks. With structured planning and collaboration, migrations drive growth, innovation, and client satisfaction.

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