Cash management poll results: The big two pull ahead of the field
THE CASH MANAGEMENT and payments business doesn't have to worry about adjusting to trends that reverse every six months, although it might well wish that was the challenge it had to face. Its own key trends are daunting: increasingly demanding clients, intense competition, the unravelling of the payments process, technological innovation and regulatory pressure. And these trends always point towards the same thing: lower margins.
The need for scale in the struggle against declining margins is set to intensify as the European Union's plans for a Single Euro Payments Area (Sepa) bear down on the sector. The Sepa project aims to create a domestic payments market across the eurozone, eliminating the difference in price between domestic and cross-border payments and enabling companies and individuals to use one bank account to make payments anywhere in...
