Banking Payment Services | Sentient Technologies

LEAWOOD, Kan., March 12, 2014 /PRNewswire/ -- Sentient Technologies announced today the publication of a research paper that explores different types of payment services and how banks are maintaining a competitive edge to retain current customers and attract new clients.

Different payment services are addressed from global solutions such as, worldwide bankcards, bank transfers, direct debit and global banking and consolidated reporting services, but also platforms in which a consumer interacts directly with the platform or application's payment service options. In addition, the research covers bank transfers through services such as PayPal and explains that providing only general banking services is not enough for today's consumers, and how banks are making an effort to retain current customers and attract new clients by offering extended services or incentive programs like cash back to customers when they use their bank debit or check card.  

The paper also details non-traditional, yet ever popular sources such as Ally, a bank without a single physical branch, as well as PayPal and Google wallet.

The paper, titled "The Competition in Banking Payment Services", was written by Sentient Technologies research staff, based in Overland Park, Kan. Scott Tucker, Sentient Technologies founder and CEO, pioneered the concept of web-based intelligent bank interfaces, high volume payment processing and decision engines. He was granted a patent by the U.S. Patent office in 2006. Today, leading and emerging companies interfacing with the world's largest banks rely on this software to run smoothly and operate efficiently.

Click here to read the paper.

SOURCE Sentient Technologies