New White Paper from 3 Point Alliance Offers Strategies for Building Optimal Payments Environments
Biller companies are struggling to create optimal payments environments in a rapidly changing payments landscape which is creating incremental risk and impacting costs that payments professionals must understand to succeed.
3 Point Alliance, a leading remittance payments solutions provider, has released a white paper aimed at helping treasury and other payments professionals leverage best practices for managing payments, compliance, risk and costs. In other words, this whitepaper is going to help you build optimal payments environments.
The paper, “Building Optimal Bill Payments Environments: Strategies for Managing Payments Types, Compliance and Risk,” provides insight into two major challenges facing the payments industry today:
1. Keeping pace with new enabling technologies that is fragmenting the payments landscape
2. Compliance with an increasingly complex regulatory environment impacting risk profiles and costs.
This paper details market challenges and discusses some of the key optimization practices billers would use to maintain a competitive edge in a bill payments landscape marked by explosive growth and innovation.
“Accelerated technological change in the payments arena is driving billers to seek payments strategies that holistically align with business and marketing objectives combined with a changing payments landscape. Increasingly billers conclude outsourcing the payments function – which our new white paper explores – can streamline the payments function, reduce risk, and more effectively manage burgeoning compliance issues,” said Gary Smith, national sales director at 3 Point Alliance.
Richard Daidone, co-founder and president of 3 Point Alliance, said, “Success in today’s payments environment means finding the optimal balance between fixed and variable costs while measuring indirect costs from risks associated with everything from data loss due to an unexpected event to regulatory fines for non-compliance with a new payments regulation. We equip billers with practical strategies that help manage these critical business processes appropriately.”
“Billers need to know their options when it comes to reviewing whether to outsource their payments,” said Norman Grunberg, 3 Point Alliance co-founder and president, “They need a flexible, scalable, resilient payments infrastructure that provides least-cost routing, actionable business intelligence, and a way to adopt new technology easily when responding to market drivers.”
This white paper describes what to look for in a payments provider and offers strategies for framing the payments outsourcing business process to control costs, reduce risk, manage compliance issues, and free up resources to respond to new marketplace opportunities.
Download a complimentary copy of the paper, “Building Optimal Bill Payments Environments: Strategies for Managing Payments Types, Compliance and Risk.”