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Instant Payments Evaluation

(n.) an assessment of current payment processes, payment mix, capabilities, and strategy to provide recommendations that fit directionally for the business to build a solid foundation for an instant payment implementation and go-to-market strategy.

PREPARING FOR INSTANT PAYMENTS

There is a lot to consider:

  • Which instant payments solution makes sense for the business?
  • What vendor should the business consider?
  • If the business already has a solution, what does the go-to-market process look like?
  • What use case(s) makes the most sense?
  • How does this impact back-office processes?
  • How does instant payments get prioritized against other initiatives already in process?

RESULTS AND DELIVERABLES OF THIS WORK ARE PROVIDED IN THE INSTANT PAYMENTS PLANNING DOCUMENT INCLUDING THE FOLLOWING SECTIONS:

  • RCurrent environment
  • RPorter’s Five Forces
  • RSWOT analysis
  • RStrategic priorities
  • RHigh-level competitive analysis
  • REnterprise risks
  • RCustomer segmentation, targeted industries, and verticals
  • RCurrent payment capabilities and payment mix
  • RUse case discovery
  • RCore and vendor instant payment solution options
  • RReview of RTP / FedNow Service options
  • RAny recommendations for you to build instant payment implementation and go-to-market strategy plans on your own
THE ESTIMATE FOR THIS ENGAGEMENT IS 10 TO 12 WEEKS.

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