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.
Ready to Define, Transform & Grow?