Five ways to increase the strategic value of payments Sponsored by jpmorgan
, a new white paper from Forbes Insights and J.P. Morgan, we’ve launched a four-part series that explores the paper’s key findings. This article was written before the COVID-19 pandemic and does not necessarily reflect its impact on consumers and businesses.The widespread adoption of online, mobile and smart devices among consumers continues to dramatically change the way people shop and pay for goods and services.
Businesses want their end-to-end revenue cycle to be easy to execute and manage and to be seamless. They also need payment solutions to be customizable and flexible based on demographics, industry, regulations, and local and global geography. To use payment data to its full potential, it needs to be integrated with other data, such as consumer demographics or location. However, because of compliance and privacy considerations, a majority of companies are not able to integrate their payment data with other streams.
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