Payments Opportunities: Finding the White Space

Financial services firms have always sought to diversify their funding and earnings sources. In the current economic environment, this is more important than ever with electronic payments getting much greater attention from senior management as relatively low capital intensity annuity businesses. Also, in the increasingly "back to basics" financial world, payments remains one of the few areas where innovation continues at pace. With the Payment Services Directive becoming law across most of Europe, competition from new entrants is set to intensify.