Financial institutions and businesses are looking to modernize their payments platforms and payment solution capabilities to reduce infrastructure costs, enhance operational efficiency and provide their customers a more superior payments experience. IBM Payments Center® delivers the latest cognitive and AI technologies to help digital payments providers drive efficiency and value in their payments services.
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Current payment systems do not provide the strategic value that banks need today. Banks need a modern payment gateway that connects all ecosystem players, such as traditional banks, payments operators and clearing and settlement mechanisms (CSMs), including block chain and fintechs. They need a payment processing solution that will allow them to automate their payments processes and permit their customers to choose from several payment methods and to pay in different currencies. IBM Payments Center is a cognitive platform that empowers all global payments providers to pull services from another bank or a trusted third party into their own payment’s platform.
The IBM Payments Center® connects geographic ecosystems for a world-wide system of partners and online payments service providers. The formation of a global network of ecosystems allows for global cooperation while preserving subsequent ecommerce systems.
The IBM Service Bureau for Swift provides the flexibility to adopt new services without the burden of keeping up with changing network and regulatory requirements. This flexibility offers opportunities to rapidly innovate and stay competitive as market demands evolve.
The IBM Payments Center provides developers with a secure sandbox to experiment with payments service development, innovation and collaboration. The sandbox helps developers in test environments to drive faster development and enable rapid consumption of capabilities.
The IBM Payments Center is delivered on IBM Cloud® for Financial Services™. It is designed to address the requirements of financial institutions for regulatory compliance, security and resiliency. These services can help manage the growing cloud risks with security and compliance.
Adopting to changes with existing payment types and payment options or integrating with new ones requires new thinking with payments design and infrastructure. In this modern world, even small businesses are now using a smart way to streamline their payments systems, enhancing customer experiences and putting their businesses ahead with payment options that include credit card, debit card auto debit and e-wallets or digital wallets, such as Paypal, Apple Pay and Google Pay. With these payment options, customers can now choose to pay in-store or online. Even in-person payments can now be done using these types of payment options.
Can your current systems meet the future demands and requirements for the shifting world of payments?
The IBM Payments Center is connected to the evolving payments ecosystem, giving way to new collaboration and innovation techniques using new tools. Partnering across the ecosystem provides opportunities to jointly strategize and creatively address payments requirements and solutions.
Outsourcing to the IBM Payments Center allows enterprises to potentially reduce the high capital and operational costs associated with payment systems development and processing. Since the IPC shares the cost of commoditized payments services with other participants, it benefits the entire ecosystem.