The payments industry faces business challenges on many fronts: intense competition, dealing with the burden of regulation, maintaining security, and managing complex networks with millions of end points as service delivery channels.
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Payments businesses are dealing with convergence of payment types and consolidation within the industry in an attempt to combat declining margins. Cisco helps our customers in the payments business to increase profit by:
Innovating across products and services
Reducing costs by increasing efficiency
Managing operational risk more effectively
By leveraging the Network as the Platform, Cisco has the potential to radically improve the communication between:
Customers and channels
Channels and the processing/data center
Within the processing/data center itself
In the network between the processing/data center and interbank clearing networks
Cisco can initiate executive conversations on transformational models to help customers: