Inefficient payments process a worry

Sloppy payments processing can lead to damaging business consequences and losses says HSBC senior vice president, global payments and cash management Asia Pacific.

  • Payments processing varies greatly across Asia and across companies, but if done inefficiently can lead to damaging business consequences and losses.
  • Thus, a company's bank must offer suitable products, support, security, delivery channels, integration, reporting, reconciliation, local expertise and pricing.
  • Only by accounting for these concerns can an appropriate partnership be formed.
  • The partner bank's technological sophistication becomes essential to meeting these concerns and must easily integrate into existing payments processing systems....

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