The November 2022 Aite-Novarica Group report on effective preprocessing emphasizes its role in faster payments modernization by reducing friction that hinders payment channel adoption. Many businesses look to banks for innovation but face integration challenges due to outdated accounting systems. Preprocessing enables intelligent routing, improved transaction management, and enhanced servicing. Platform-as-a-service models provide flexibility for adapting to varied payment needs. By streamlining processes and enabling seamless integration, banks can boost adoption of new payment methods while improving efficiency and customer satisfaction.

Join for free to read