Payment Consulting

A payment strategy incorporates several elements that ensures a merchant, a bank or financial player can provide its customers with a safe and efficient payment experience while meeting regulatory and operational requirements. By translating the strategy into objectives and prioritize value creation, the strategy can be integrated into agile product management without sacrificing speed or scale. Below are som areas that a payment strategy could include.

I have knowledge in several aspects of payment like digital wallets, card schemes, tokenization, instant payments, billpayments/BNPL, merchant ecosystems, business models, subscription payments, e-commerce and OpenBanking/PSD2. Advising retailers in customer journey optimization, omni-channel, cost and loyalty. Experienced in related areas like compliance, security, regulatory and infrastructure spects such as PSD2, AML, PCI DSS, EBA, ISO 20022, TARGET2/TIPS etc.

Examples on elements in a payment strategy

Financial performance

The payment strategy should be optimized to minimize costs while at the same time optimizing revenue streams and deliver a seamless payment experience to customers focusing on perceived user value and customer journey optimization

Omni-channel Capabilities

The payment strategy should provide customers with the ability to make payments through multiple channels like mobile, locale wallets, internet banking, and open banking interfaces and secure a connected customer journey where the payment is key for your succes.

Infrastructure Integration

Integration with infrastrucutre ecosystems, OpenBanking partners, ERP systems, Real-Time Payment Systems like SEPA Instant and clearing like TIPS and TARGET/T2. This will allow the banks and merchants to provide its customers with fast and efficient payment services.