In the time it takes you to read this sentence, millions of payment transactions will have occurred.
Speed, throughput and decision accuracy are everything in the payment industry. The typical payment transaction authorizes within 50 milliseconds. This means that shifting customer demographics and new payment products and channels -- mobile devices, among others -- create significant challenges for the IT organizations at major payment networks such as Visa, MasterCard and American Express.
Unfortunately, the large legacy of IT infrastructure and networks stands as a potentially immovable object before the bullet train of ever-changing customer needs. A transformational business model is required to service customer requests consistently in their channels of choice.