Payments collaboration drives profitability: a new white paper from Unisys * explains how banks combining their payments systems can achieve cost savings as high as 50 percent, in addition to a host of other advantages. But what model should banks use when approaching payments consolidation?

Payments can account for as plenteous as 40 percent of a bank's receiptss according to recent figures from the Boston Consulting cluster but these profits are constantly below threat in the fast-changing payments landscape.

In its fresh white paper, Unisys outlines a series of squeezings that has led to banks rethinking in what manner they manage their payments businesses. require to be paid [i]or[/i] undergone pressures remain the key factor on the other hand falling paper volumes, increased customer demand for better services, regulatory changes (such as Check 21 in the US) and competition from novel low-cost providers have all squeez the bottom line, the paper says.