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Insights and Expertise

Navigating the future of payment processing

A unified processing environment Despite the rapid growth of real-time payments, legacy
should automatically ingest and payment methods will remain a cornerstone in the
payments industry. This evolving landscape presents
continuously process both legacy increasing complexity for payment processors, making it
and real-time payments data. essential to consolidate disparate back-office systems.

By adopting a unified payment processing platform,
companies can enhance operational efficiency, reduce
risk and liability, and improve cost-effectiveness. More
Supporting both standards ensures operational effi- importantly, an integrated approach enables seamless
ciency, regulatory compliance and resiliency to sup- support for both legacy and real-time payment types,
port evolving payment methods. ensuring a resilient and future-ready payment processing
environment.
3. Flexibility via configurable rules: A flexible, rules-
based architecture is also essential for modern pay-
ment processors. By allowing for configurable rule Cheryl Fitzgarrald is a Senior Program Director at BHMI, a leading pro-
modifications, companies can adapt to evolving regu- vider of software solutions focused on the back office processing of elec-
latory requirements, streamline workflows, and auto- tronic payments. She has been in the payments industry for more than
mate manual processes. 30 years and is currently leading back office modernization projects for
large financial services companies. Cheryl can be reached at cheryl.
A rules-based system enhances efficiency, reduces fitzgarrald@bhmi.com or 402-333-3300.
costs and improves decision-making in payment pro-
cessing operations.

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