STRATEGY SERVICES
Payment Strategy
Commerce is evolving at a rapid pace and your Payment Strategy must evolve with it. The payments industry is consistently introducing new products and services to meet consumer needs for faster, safer, and more convenient methods of payment. Continued introduction of new payment types and changing security standards combined with evolving vendor capabilities and legislative requirements creates a complex landscape to navigate. Building an effective Payment Strategy that complements your overall strategy while meeting consumer needs creates a competitive advantage by leveraging supplier solutions with internal capabilities and is now more important than ever.
W. Capra has a proven methodology for Payment Strategy development which examines an organization’s goals and competitive landscape to identify current and future requirements and the solutions to deliver each. Our vast experience working with organizations and payment solution providers across multiple channels (retail and digital) within numerous verticals allows us to bring a unique perspective to each client engagement. Combining our experience and our established methodology helps ensure the payment strategies delivered are obtainable, executable, and provide a clear roadmap for achieving your organization’s goals.
Latest Insights
- What Merchants Need to Know About the Visa / Mastercard SettlementThough there are multiple class action lawsuits in place against the card brands, the particular litigation addressed in the March 26, 2024, settlement carries industry-wide implications. Per the settlement, Visa and Mastercard have agreed that, interchange rates will lower rates by 4 basis points for the next 3 years.
- What’s the Cost of Not Monitoring Your Cost of Acceptance?Every major retailer accepts credit card payments across the varied channels that consumers use to shop. With this acceptance comes myriad processing fees, ranging from direct and understandable to fees described with esoteric acronyms on merchant funding statements that only the most experienced experts on the acquirer team can explain. Since payment processing fees can be one of the most significant expenses a retailer has, how can you stay on top of your cost of acceptance and ensure margins aren’t eroding in an increasingly challenging macroeconomic environment?
- As Technology Evolves, So Does the Need for Quality AssuranceAs the industry witnesses constant innovation and the introduction of new solutions, QA capabilities have become table stakes for ensuring the smooth functioning of consumer-facing and back-end technology. Whether rolling out new capabilities, maintaining existing solutions, or testing hypotheses, technological advances have introduced new channels that require rigid testing.
