This IDC video highlights why a bank might want to consider implementing a strategic payments hub and provided top tips for implementing a strategic payments hub. Lawrence Freeborn, research manager, at IDC Financial Insights says, "The need for a payment hub will become more acute as legacy systems age, servicing contracts end or become more expensive, payment types proliferate, and volumes increase. But third-party solutions available are becoming more mature and viable as well, as vendors build their experience and functionality for different payment schemes, and system integrators' capabilities have grown,". E-mail us at insightseurope@idc.com for more information regarding IDC’s research on this topic.

IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world's leading technology, media, research, and events company. For more information, please visit www.idc-fi.com