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....

To continue reading, please login or register for free

Click for more on: inefficient | payments | process | worry

Print Edition

FinanceAsia Print Edition