Building an Intelligent Global Payments Infrastructure
10/01/2018
With the wrong strategy, cross-border payment costs eat into revenues. To arrive at an infrastructure that fits your needs, consider both the scope of your operations and the global forces at pl
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Building an Intelligent Global Payments Infrastructure
With the wrong strategy, cross-border payment costs eat into revenues. To arrive at an infrastructure that fits your needs, consider both the scope of your operations and the global forces at play.
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Assess your domestic set-up, spanning:
Payment sources/locations
Payment destinations
Average transaction values
Bank relationships
Clearing & settlements
Operational costs for international payments average well above $20 per transaction
Bank relationships: How can they help with integration best practices?
Clearing & settlements: Costs? Impact? ROI?
Data Standards: New regulations, fines, risks? Compliance needs?
Fifth Third Bank has the commercial banking expertise to help mid-market companies create the right payments foundation for global expansion.
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