Bridging the Divide: Connecting Legacy Systems to Mobile Applications

With new market players, sophisticated mobile, NFC and social technologies and increasingly complex customer demands driving the need for rapid innovation, traditional payments systems can’t easily respond. New mobile and social channels demand real-time processing, split payments and personalized offers.
This requires not only capturing financial data, but also enriching it with non-financial data specific to each transaction. Once again, many legacy payment systems can’t easily respond. Increasingly there is a divide between the old and new payments worlds. Using case studies, this presentation explores the trends creating this divide between the old and new payments worlds and reveals how banks, processors and others in the payments chain, old and new, are bridging the divide to easily and cost-effectively address their payments needs of today and tomorrow.