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Insights and Expertise

market trends and transaction patterns to help client This is just one example of how the analysis of accurate,
companies improve their businesses. consolidated payments data can help a business grow.
Turning the vision into a reality In addition, companies processing payments are realizing

To make the most of a centralized transaction repository, they can no longer afford to overlook the power of data.
companies need the ability to view, extract, and analyze The ability to access, analyze and leverage this data has
data. Consolidating payments data from all sources the potential to revolutionize decision-making, drive
into a single repository requires robust data integration operational efficiencies, enhance customer experiences and
and management solutions to ensure data accuracy, create new revenue streams.
completeness, and security. Once the data is centralized,
powerful AI and analytics tools can be used to mine it A centralized transaction repository is essential in realizing
for valuable insights. These insights can help companies this vision. As the payments industry evolves, organizations
make educated and strategic decisions that will result in that leverage the full potential of their data will be at a
improved customer service, new products and services, significant advantage. The future belongs to those who can
increased market share, and more. harness data and turn it into a strategic asset.

The future belongs to those who harness data
Jon Protaskey is an accomplished professional with over 25 years’ experi-
Companies of all types and sizes can benefit from payments ence in engineering, developing, deploying and managing business criti-
data analysis. One specific example is merchants. When cal software applications. Jon is director of software engineering at BHMI,
addressed through a payment analytics lens, data can a leading provider of software solutions focused on the back-office pro-
inform many important business decisions such as staffing, cessing of electronic payments. The company is best known as the creator
merchandise purchasing and product allocation. of the Concourse Financial Software Suite®—a proven collection of back-
office products that allow companies to adapt to the rapidly changing
Plus, payment data can help the merchant decide to world of payments. Jon can be reached at jon.protaskey@bhmi.com or
expand its footprint into new geographic markets, offer 402-333-3300.
new products and services, or accept new payment types.

Installation
& Setting

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