TANGO
In the last decade almost every industry has taken advantage of developments made in technology. Modern architectures, languages, tools and databases have enabled much more responsive, easier to maintain and lower cost solutions to rise and dominate the landscape. One industry remains stubbornly at odds with this: retail payments, which continues to use legacy systems and suppliers. Inefficiencies experienced by financial institutions today are a direct result of these inflexible, costly and unresponsive legacy systems. The payments system of the future should provide open and more productive systems allowing innovation and product development to provide new business in rapid time frames while remaining cost effective.
Financial institutions around the world have never been under so much pressure to deliver fully-functional, electronic payment systems that can be accessed at a time, a place and through a channel convenient to the consumer.
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TANGO
In the last decade almost every industry has taken advantage of developments made in technology. Modern architectures, languages, tools and databases have enabled much more responsive, easier to maintain and lower cost solutions to rise and dominate the landscape. One industry remains stubbornly at odds with this: retail payments, which continues to use legacy systems and suppliers. Inefficiencies experienced by financial institutions today are a direct result of these inflexible, costly and unresponsive legacy systems. The payments system of the future should provide open and more productive systems allowing innovation and product development to provide new business in rapid time frames while remaining cost effective.
Financial institutions around the world have never been under so much pressure to deliver fully-functional, electronic payment systems that can be accessed at a time, a place and through a channel convenient to the consumer.
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System Update
Many organisations are considering the replacement of their retail payment system in the next three to five years. Modern business challenges demand modern business software that addresses the core issues faced by all operating retail payments systems.
Significant effort cost and time goes into supporting legacy systems, but almost all this ‘spend’ is maintenance and compliance deriving almost no direct business benefit resulting in constraints being placed on the business. The facts are that modern payment systems that deliver the flexibility, adaptability, assuredness and total cost of ownership that financial institutions crave can be deployed in a fraction of that time.
Financial Institutions are upgrading their retail payment systems and positioning for the future. In the process they are freeing the businesses they operate on behalf of from constraints of time, cost and functionality and enabling significantly better customer service to be delivered. Now is the time to update your payment system and fee your business from the constraints of aged architectures.
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Payment Landscape
Today's payments landscape is changing and financial institutions around the world have never been under so much pressure, regulation is increasing, whilst customers are demanding improved service through convenience and simplicity. Legacy systems cannot adapt to meet these requirements in a rapid and cost effective manner due to the inflexibility and complexity of design.
The impact of faster, easier to use, more flexible technology has aligned with the growth in expectations, changing payments as we know them today. Today financial institutions face a completely different landscape and failure to address the challenge is no longer an option. Extending the life of the legacy solutions exposes financial institutions to loss of market share and creates an inability to compete ultimately constraining the commercial operation of the business.
TANGO provides the ability to add value and deliver new services to the market as a whole and at a significantly lower cost of ownership.
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Case Study
TANGO is already proven in many organisations globally based on the high availability, strong performance and raid development capabilities of the TANGO technology. Across the world Lusis Payments are committed to reducing the cost of payments, through a single code set and architecture, delivering performance, availability and scalability.
Lusis Payments hold our clients core to our thinking and our actions delivering solutions that allow our customers to provide better options and services to their clients quickly and cost effectively, enabling our clients to develop a new payments landscape.
Lusis Payments develops and maintains long term, mutually beneficial relationships with our clients allowing us to be seen as a trusted partner.
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Latest Poll
Lusis Payments industry poll provides an excellent opportunity to facilitate an open forum to allow users of our website to provide accurate feedback regarding key industry topics. We feel it will be especially beneficial to use our extensive experience in the payments market to facilitate an open industry forum through our website.
We will therefore be running quarterly polls addressing topics currently relevant to the industry. These polls will be assessed and published at the end of the quarter. Lusis Payments will then publish an expert’s opinion to analyse these results and publish our findings.
As a respected industry member we believe there is a lot you can add to the discussion and would appreciate your help in participating in these polls. Either with your answers to questions posed or alternatively if you would like to provide us with questions you would like us to ask the industry or if you have feedback you would like to share with us please do so at info@lusispayments.com
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