The primary driving factors for the increasing need for payments focused consulting are the global demand from stakeholders in the payment ecosystem to address new revenue sources, compliance with regulations, improving operational efficiency, and achieve faster time to value with technological advancements. New payment methods, channels, and players are continually disrupting the global payments landscape. Some of these disruptive concepts are real-time payments, API technology, distributed ledger [Blockchain], tokenization, secure remote commerce, open banking, and regulations like PSD2, strong customer authentication (SCA), and regulatory pressure on payments interchange fees.

Central to addressing all of these trends is digital transformation of the payments ecosystem as a whole. For example, 60 percent of enterprises are expected to move their IT systems to cloud by 2019 as a part of their digital transformation initiatives. What’s more, leveraging data is key to the companies making informed, real-time decisions about products, services, employees, strategy, and more. In 2019, flexible consumption models should continue to boost both cloud and AI adoption.

RS payment consultants help organizations better understand disruptive technologies, define and implement technology roadmaps to address their critical business drivers. Our experts help you create a differentiator against competition and leverage innovative solutions to build and maintain an industry leadership position.