Retail Banking

A snapshot of the retail banking sector over the past decade paints a picture of intense competition.

The complexity of domestic and international banking operations adds a further dimension - needing to aggregate payment from a myriad of point of sale devices from hundreds of thousands of merchants, often across multiple countries. Visibility, security and speed of financial transactions are central to the life of the business – both from commercial and regulatory viewpoints.

In common with larger retailers, the banking sector must support its payment infrastructure and devices across hundreds of local branches in all its markets. Keeping total cost of ownership to a minimum while managing and upgrading this estate of thousands of terminals and devices is a massive management task.