CCaaS Buyers Must Balance Speed to Market With Offering a Competitive Product, Says Aite-Novarica Group
New report explores key trends within the Credit-Cards-as-a-Service (CCaaS) market as well as perspective to both CCaaS buyers and providers
July 21, 2022 (BOSTON) — Credit cards are a fundamental payment tool for consumers and businesses. Credit cards can also be profitable, even for a small credit card program, because of the interchange, fee, and interest income they can generate from every swipe. While credit cards as a product have historically been sold by or through legacy banks and credit unions, Credit-Cards-as-a-Service (CCaaS) has made credit card program ownership available to more companies than previously possible.
In a new Impact Report, Credit-Cards-as-a-Service: Market Overview, research and advisory firm Aite-Novarica Group explores key trends within the CCaaS market and how innovation is helping to address new market needs and challenges.
“Credit card program owners look at a variety of criteria in the CCaaS providers they choose,” said David Shipper, Strategic Advisor at Aite-Novarica Group and author of the new report. “These factors include the technology used, product expansion options, speed to market, credit card product and program configurability, and the CCaaS support available beyond core card processing and issuance.”
About Aite-Novarica Group:
Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, strategy, and operations to hundreds of banks, insurers, payments providers, and investment firms—as well as the technology and service providers that support them. Comprising former senior technology, strategy, and operations executives as well as experienced researchers and consultants, our experts provide actionable advice to our client base, leveraging deep insights developed via our extensive network of clients and other industry contacts. Visit us on the web and connect with us on Twitter and LinkedIn.