The purchasing decision made today will need to position banks and processors payments platforms for at least the next 10 years
This is a major decision, particularly as the card-based payments processing industry is entering an unprecedented period of change.
Mergers and acquisitions, regulatory and economic pressures, new competition from organisations such as PayPal and increased expectations of organisations and consumers are all driving the industry forward and into uncertain yet promising times.
The extensive and proven market knowledge PayX brings to this area helps minimise the risk this presents when selecting their future Payments strategy. We provide the external guidance and market knowledge to complement existing in-house expertise to make better, faster and more cost-effective decisions.
PayX provide a full Vendor Selection Process which includes:
- The provision of current market and vendor knowledge to supplement your organisations selection team when documenting your specific requirements and those that should be considered to future proof your payments strategy
- Management of a focused vendor search based on the agreed requirements to identify an appropriate shortlist negating the Request for Information stage and therefore saving your organisation both time and money
- Development of a comprehensive Request For Proposal Document
- A full review and evaluation of all Vendor responses leading to a shortlist that meets your procurement rules
- Expert advice and guidance to develop your contract negotiation strategy to maximise the potential for a successful vendor selection and longer term vendor partnership
