Banks' Retail Payment Operations at a Tipping Point

Aneace Haddad of Welcome Real-Time blogs about a recent Gartner report titled "Banks' Retail Payment Operations at a Tipping Point" saying that he found it so interesting that he "obtained the right for you to view it." Aneace cites a couple of comments from the report suggesting what bankers should do including "Introduce PIVAS [Payment Information Value-Added Services] to reduce pricing pressure from merchants and initiate a virtuous circle for retail payment operations. Merchants must actively support card programs and emerging payment solutions, but they are challenging the pricing model for the interchange. It's time to introduce services such as PIVAS to convince them of the real value of bank-sponsored retail payment networks.”