Curbing the cost of payment failures with straight through processing finextra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finextra.com Daily Mail and Mail on Sunday newspapers.
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Improving Straight Through Processing: The true solution for payment failures Register for our upcoming webinar with Accuity, to join us on Thursday 8 July 2021 at 15:00 BST as our panel of industry experts discuss findings from the global True Cost of Failed Payments study.
Banks and payment service providers are up against the challenge of rule complexity. Automating large volumes of payments through different countries continues to be an inefficient process. In the digital age, where there is increasing demand for fast, simple, error-free payments, this form of friction cannot exist.
According to a new research study by Accuity, a LexisNexis Risk Solutions company, failed payments have adverse effects for most organisations, with almost nine in 10 reporting a negative impact.