Exploring the Payments Value Chain: An International Perspective

The payments value chain in Europe is going through significant changes. The pace of change will only accelerate as standardization, stricter compliance requirements and the need to increase scale continue the trend toward industrialization.  Both issuers and acquirers must make significant business changes in order to thrive in the new environment.  This paper discusses the market trends and regulatory changes that are altering the payments value chain, and offers advice to help financial institutions cope with the transformation.