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ACI Blog

Is your Card Management System Holding you Back? – Part I

Although their technology is scalable, they are hampered by its inflexibility. Across the globe, issuers are being burdened by significant levels of regulation leading to high long-term costs and a reduction in revenues.

Maintenance costs of incumbent and antiquated legacy systems are astronomical and prevent innovation, meaning financial institutions can’t take advantage of market trends; they are under threat as their card management system is holding them back from competing in the marketplace.

In order to better tackle the issue of whether your card management system is holding you back, we’ll look to answer the following questions:

• How old is too old?

• How slow is too slow?

• How many platforms are too many?

• If not now, when?

As the industry is under ever-increasing regulatory scrutiny and facing strained customer relationships, it is clear that issuers must do something to fight back against significant margin pressure.

Can’t wait for the rest of the blogs? Take a look at our webinar “The time is now!” to learn the strategic imperatives forcing issuers around the world to revamp their technology.

Director Marketing, Growth Markets

Paul McMeekin is a big believer in the power of payments and how they can change the world. He leads demand generation and customer acquisition efforts for the global bank segment. Previous roles at ACI include product marketing, analyst relations, and product operations. Outside of payments, Paul is an adjunct professor at the University of Nebraska at Omaha, where he graduated with an MBA. He currently lives in the Silicon Prairie. Paul is passionate about payments with a strong interest in the human aspect of payments, blockchain technologies, consumer experience and B2B marketing., He has been quoted in numerous publications including the Omaha World Herald, American Banker and Bank Systems & Technology. Paul has spoken across the world at numerous events including Payments, PayThink, Seamless Payments in South Africa and Dubai. For somebody lacking in the key skills of photography, his work has been published!