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HP has enhanced its Open Payments technology framework so financial institutions can better manage their high-value payments businesses and identify new revenue streams through a single, real-time, enterprise-wide IT view.
With improved systematic transaction flow views, HP Open Payments Business Services Management (BSM) and HP Open Payments for Target Marketing further align business and IT by identifying issues ranging from potential IT concerns to new business opportunities.
“With the enhancements HP is announcing today, financial institutions are empowered to do more in-house to convert inter-bank payments to book transfers,” said Aaron McPherson, payments analyst, Financial Insights.
The HP Open Payments BSM solution is designed with applications for monitoring, tracking, pricing and costing, including management of information and reporting. These features provide financial institutions with a powerful business management tool to analyze business process efficiencies; identify emerging problems and bottlenecks; measure performance against key indicators; and achieve a holistic, real-time view of customer information to support self-service initiatives and speed inquiry response times.
The HP Open Payments for Target Marketing solution leverages technology from HP such as HP Real Time Financial Services to generate a comprehensive customer view, identifying opportunities where payments can be converted from inter-bank payments to book transfers, lowering transaction charges and potentially generating additional revenue. |
