Payment Services
Payment Services
What MAASR can do for you
Payments Transformation
Our expertise spans the innovations in payments: from the days of ATMs and device-based payments to today’s contactless, digital, and invisible transactional ecosystems. Both service providers and users of payments technologies typically struggle with some key challenges, including:
Legacy architecture that may roadblock new initiatives
Fragmented customer experience
High cost of integrating new forms of payments
High cost of legacy maintenance and enhancing capabilities to meet new demand
Hidden fee structure for merchants
Discrepancies in disputes and chargebacks
Operations & Technology:
We help financial services firms navigate operations and IT challenges from the back office to the front line. In an era of rapid technological change, we offer a range of services to help financial services firms improve business performance, reduce operational risk and develop compelling value propositions for their customers. Our clients include leading banks, insurers, asset managers and payments players in all major markets. Our global network of practitioners and dedicated experts augment their work with a robust proprietary knowledge base comprised of research, benchmarks and tools.
We focus with clients on IT effectiveness and strategy; improving back-office performance; smart-sourcing; risk management; sales and marketing effectiveness; and large-scale program management. Our value proposition is concentrated on formulating solutions that create business value, both as architects of innovative solutions and as implementation co-managers.
Experience in the Payments Spectrum
MAASRs modernization approach takes a customer-centric view of their end-to-end payments value chain—from customer on-boarding, through payment initiation to clearing, and all the way to final settlements, including charge-backs and refunds. We focus on middle and back-office functions to enable innovation, connect to payments processors, embrace new networks and product ideas. Our specialist consultants bring deep experience in enabling multiple channels to complete payment activity, while driving consistent experiences and information exchange across all secure channels.
We can help payment service providers, industry suppliers, new entrants, investors and entrepreneurs reap the rewards of the future of payments.
Disruptive technologies, regulatory scrutiny and new market entrants are transforming the payments world. The paradigm shift is both a threat and an opportunity for existing payment service providers. The issues are broad and complex, including biometrics and other emerging technology, open banking and application programming interfaces (APIs), faster payments, cross-border issues and more.
We can help you develop practical solutions around your payment service offerings because we understand the technologies and market dynamics transforming payments.
