Schemes have expanded their regulatory role and are increasingly issuing new mandates and interventions as they seek to reduce fraud and risk exposure. Over 30 years, PSE has acquired a detailed and comprehensive understanding of the major international and European domestic card and ATM schemes. As a result, PSE has become a recognised source of in-depth insights and analysis of scheme processing mandates and rules, interchange frameworks and risk management processes. PSE’s experience has evolved through supporting clients in researching and developing the scheme compound of their payment propositions for both acquirers and issuers. PSE has also worked worldwide with the international schemes supporting member consulting assignments and business case developments for new products, new markets, and revenue and profit growth.
Case studies
Objective
To support a small UK bank in selection of a third party processor for their debit product.
Approach
PSE co-ordinated the entire RFP process working closely with the client. This began with compiling the request for proposal document, liaising with the various disciplines (product, IT, finance etc) within the bank. A list of potential processors was identified and invited to respond. PSE evaluated the responses, both quantitative and qualitative, and modelled the total potential cost of each supplier over five years. A shortlist was agreed and PSE chaired the shortlisted suppliers’ presentations, together with co-ordinating a rigorous Q&A process.
Result
The bank contracted with the processor which offered the best technical fit and value. PSE continued to support the client during the implementation phase.
