New technologies, new entrants and stricter regulations are challenging merchant acquirers’ position in the payments industry. As the status quo becomes increasingly unsustainable, how can merchant acquirers defend existing market share and grow revenues?
During this time of significant disruption, there are exciting possibilities for merchant acquirers to win new payments ecosystem opportunities. This means that acquirers will have to work in new ways to stay ahead of agile niche players. The key to success is to pursue both offensive and defensive strategies while transforming from payment processing companies to true merchant teaming partners.
This point of view introduces and explores specific offensive and defensive strategies for acquirers, profiling payments companies that have found success in the new payments landscape by putting these strategies into action. Learn more about our Payments Insights Series.
What does the future of payments look like? We asked consumers. Learn more in our Accenture 2014 North America Consumer Payments Survey.