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Payments strategy 2009: The importance of core deposits to the payments business

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  • Manfred, Lee E.

Abstract

Banks have recently begun to realise the financial, competitive and strategic benefits of enterprise payments strategy. Experience with large financial institutions suggests that banks have generally agreed on a strategy, defined an organisational model that works in their culture, and created a reporting environment to turn strategy into execution. The strategies and structures are as varied as the banks themselves, but the common theme among them is the importance of core deposits to the payments business. This paper looks at the data that led banks to this conclusion and how those banks have organised to implement their strategies successfully, and explores the link between payments strategy and deposit growth, as reflected in product design, pricing, technology and service delivery.

Suggested Citation

  • Manfred, Lee E., 2009. "Payments strategy 2009: The importance of core deposits to the payments business," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 3(2), pages 129-138, April.
    • Handle: RePEc:aza:jpss00:y:2009:v:3:i:2:p:129-138
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    More about this item

    Keywords

    payments strategy; deposits; organisational structure; profitability;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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