News & Views - Savantor

Anticipating 2016

Wednesday, 09 December 2015
2015 was quite a year regarding the outlook for payment technologies. Contactless payments have continued to gain wide acceptance with consumers embracing the convenience and showing a greater level of comfort with the idea of ditching that PIN that everyone had previously been told was so important to the security of EMV. The redefinition of a "low value payment" towards the end of the year has also helped to open up the market to wider opportunities for contactless payments. Off the back of the rise in contactless, the adoption curve for wearables has been significantly flattened as key perceived barriers to their take-up (basically those associated to contactless payments) tumble. Even more so, the growth seen in mobile payments over the last 12 months could be laying out the future for more convenient payments over the coming years or even in just months. 2016 is certainly looking like it could be an interesting year for existing consumer payment technologies rather that the bleeding edge offerings. Alternative payments are still struggling to gain a foothold and may well fail altogether as the need for them may simply dwindle away. After all, beat the on-line fraud issues with “card” payments and perhaps we no longer need new payment methods as we could already have all we need. Savantor wishes the very best for 2016 to all our MarketEye readers.
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Client Quotes

EMV Migration Planning

"It was a strategic imperative for the bank to be EMV compliant for our payment cards and the experience that Savantor brought to the company has proved to be invaluable."

Eddie Sweeney, Chief Technology Officer - AIB Bank - Ireland

Credit Card Launch

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Toine Schepers, Operations Director - Primeline - The Netherlands

Moneris Solutions

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Jeff Guthri, COO - Moneris Solutions - Canada

Card Processing Migration

"Disciplined methodology and effective teamwork, guided by Savantor's migration expertise and operational knowledge, were the hallmarks that led to the resounding success of this project, enabling us to maintain and develop our business capability."

Robert Lambert, Head of Cards Strategy - Permanent tsb bank - Ireland

Credit Card Migration and Operational Support

"The bank has undergone significant transformation of its card business on both the issuing and acquiring sides. One business partner we have looked to for support in the areas of strategy, major project leadership, management analysis and ongoing business support is Savantor. The Savantor team has contributed to our success as we have leveraged their deep industry knowledge and broad range of operational skills."

Sean Sheehan, Service Management Director - Bank of Ireland

Interchange Review

"Savantor did a superb job in confirming what we believed was an area of weakness. The detail we now have will enable us to agree internally what we need to do to improve structure, control and income. Nationwide management were very impressed with the quality of the Savantor team."

Adam Slater, Senior Manager - Banking - Nationwide Building Society - UK

Platform Selection

"Savantor's support in our platform selection process has enabled us to sustain our profitability and positioning for the future. Their advice and guidance was essential to our decision-making."

Robert Lambert, Head of Cards Strategy - Permanent tsb bank - Ireland

Acquirer Risk Assessment

"The expertise provided by Savantor has greatly helped us evaluate our risk position and to take the right steps in managing our future risks. Strong, disciplined planning and an ongoing willingness to work closely with our staff played an enormous part in making this a very successful well-delivered project which will greatly help us in achieving our business goals."

Mark Healy, Chief Risk Officer - NEOVIA Financial - UK

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