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.
- When Should a Merchant Be Merchant of Record?The biggest benefit to becoming the Merchant of Record is the opportunity to optimize payment operations and standardize the customer experience. As technology has evolved, so has the need to optimize transaction flows across channels of commerce, control costs, and improve resiliency.
- Which is Better: A Global or a Local Operating Model? Hint – It Depends on YouA global approach can give you consistency and standardization. Beyond the cost savings and potential negotiation power that a common global architecture can introduce, a global operating model gives businesses the power to ensure consistent branding and quality assurance, regardless of geography.
- How should my business confidently deploy new retail technology solutions?Implementing new technology or software solutions can be a complex and risky process. To mitigate potential pitfalls and ensure successful deployments, merchants should consider enlisting the help of a trusted third-party testing partner. The key benefits of third-party testing with an industry stalwart like W. Capra should be an integral part of any retailer’s technology deployment strategy.