2024 Report: Card Platform Migration
European banks are increasingly engaged in payment system migrations, with nearly two-thirds making moves in the past two years. Driven by customer demand, regulation, and system limits, 80% of banks are modernising, often seeking partners for support.
Card platform migration: Change is Here
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This survey report covers:
- The race to migrate: what’s driving change
- Considerations in finding the right migration approach
- What banks are considering in their RFIs
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Card payments remain a top choice worldwide, driving an urgent need for banks to modernize card platforms. With two-thirds of banks already migrating, it's no longer a question of if but when. Get the report to stay ahead in the evolving payments landscape.
Options for change: card migration
Planning for a card platform modernization means more than releasing an RFP: senior executives need to challenge themselves to articulate a comprehensive five-year strategic plan.
This survey report covers:
- Factors limiting legacy card systems
- Insights on how to effectively migrate to new systems
- Expert views on the right migration path
SaaS: the future of card payments
Almost three-quarters of European banks intend to outsource some card operations in the next five years. Banks see processing as a commodity, and a function that’s easy to outsource.
This survey report covers:
- When should a bank outsource card systems?
- Prevailing concerns when outsourcing
- Cloud strategies, and when are these relevant
Download the report now
Card payments remain a top choice worldwide, driving an urgent need for banks to modernize card platforms. With two-thirds of banks already migrating, it's no longer a question of if but when. Get the report to stay ahead in the evolving payments landscape.
Explore our solutions
Payment Issuing Platform
Our robust, highly-configurable platform allows quick changes to operating procedures and seamless integration with other systems, ensuring faster time to market and better management control.
Supports issuing for various financial instruments, including cards, mobile wallets, and credit and deposit products.
Future-Ready Merchant Acquiring Software
Our solution allows banks and processing companies to offer diverse payment methods, including direct-to-account payments, card schemes, and digital wallets like Apple Pay and Google Pay. Payments can be initiated through any channel on our scalable platform.
E-commerce Payment Gateway
Tietoevry Banking E-commerce gateway service covers all needs a bank might have to provide e-commerce acquiring services to its merchants, that includes support of card, account and digital wallet payments, account-to-account payments, vast integration options and easy-to-adopt white label portals.
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Maximizing a card system upgrade: what migration means, why it matters and how to do it
As new ways to pay come to the fore and cash takes a back seat, having a modern software infrastructure that can cope with online and mobile payments is vital to any bank’s future.
At Tietoevry, we believe it’s time to shift perspective. It’s not about what technology can do anymore — but what it should. So that the futures of businesses, societies, and humanity can live and thrive. Side by side.
