first data conference presentation
DESCRIPTION
First Data Conference PresentationTRANSCRIPT
Copyright 2008, First Data Corporation. All Rights Reserved.
Topics
Why haven’t we been successful yet?
Current market status
Potential solutions
1
2
3
Copyright 2008, First Data Corporation. All Rights Reserved.
Global commercial payments
Global commercial spending ($ trn) Year-on-year increase
2005 63.3 -
2006 68.9 8.12%
2007 77.3 10.87%
Source: Visa Commercial Consumption Expenditure Index
Note: $ - USD
In spite of electronic payments growth,75% of B2B non-cash payments are still cheques (Forte Consulting Group)
Strong annual growthin commercial spend
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Is it really that complicated?
Solutions driven by major banking relationships Technology
focussed
Generally based on consumer
infrastructure
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So why can’t we do it?
No singleglobal solution Merchant Focus
No truly automated payment &
reconciliation
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So why can’t we do it?
Merchant FocusNo singleglobal solution
No truly automated payment &
reconciliation
HeadachesTime
Money
The impact on business
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We already have the solution
EIPP
Reconciliation
Payment & settlement
Payment & settlement
EIPP
Reconciliation
B2B Global PaymentsMarketing
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If we succeed
Faster adoption
A growing and successful market
Satisfiedcustomers
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First Data’s solution
Client Delivery Platform
Payment engine
ePay Manager
Non-Card solutions
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In summary
We have thetechnical solutions
Better customer exposure
It’s aboutcustomer needs
not the underlying technology