STAY COMPETITIVE BY MEETING CURRENT MARKET CHALLENGES
Optimize acquisition costs and reduce your time to market
The whole payment chain is under increasing pressure today and acquiring banks are no exception. Intense competition is dramatically cutting into processing revenues. Profit margins are declining. Digital innovation is slowed down by conservative IT systems. And it’s not getting any easier to meet merchants’ growing expectations. Clearly, banks need to streamline business acquisition while lowering operational costs.
Open up new business opportunities
Grow margin. Accelerate the acceptance rate and wake-up dormant credit accounts.
Multi-channel. Add more revenue streams, leveraging the Symphopay platform. Diversify channels by acquiring where cash is still used, turning it into transactions.
Co-marketing campaigns. Co-create marketing campaigns for real-time engagement through a variety of merchant channels: counter, aisle, courier.
Turn the payment terminal into a customer touchpoint
Customer engagement at the POS is a major opportunity for building loyalty. In our experience, once marketing initiatives are integrated with payments and transaction data is accessed in real time, banks create more relevant and effective marketing campaigns, start new sales cycles or promote new products.
- Promote credit card benefits for debit card owners
- Integrate payments with loyalty platforms
- Coupons for the next purchase
- Customer acquisition for bank products
Zero time to market
Lightning-speed payment application update and regulation compliance. Payment applications, loyalty programs and mandates required by regulators as VISA/MasterCard will be released much faster and with less resources.
Accelerate merchant onboarding processes. Not having to deal with payment terminal and communication infrastructure the activation of a new merchant is done in no time.
Faster customer engagement. Lower your loyalty campaigns’ time to market to zero, pushing the latest version of your loyalty campaign through the Symphopay platform.
LEVERAGE SYMPHOPAY FOR FASTER DEPLOYMENT
Value added services for your retail partner
Team up with your retail partners more successfully.
Flexibility
Add flexibility to your traditional services by being able to deliver value-added services to your retail partners.
Reports
Provide analytics to merchants, to help them manage and improve their card-processing functions and decrease their costs.
Speed
Using the Symphopay API, you can respond faster to retailers’ requests.
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Learn more about how Symphopay can help transform your business and increase customer engagement with each payment.