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Modernizing payments infrastructure

In a market driven by rapid innovation, new competition, and demands from increasingly digital customers, even the most capable payments organizations are challenged to adapt to, and thrive in, an always-on, real-time world. Payments infrastructure that once offered a competitive advantage is now increasingly inefficient, restrictive, and complicated to integrate. Advances in cloud technology and artificial intelligence enable companies to provide differentiated features at a lower price point, and plans to modernize payments infrastructure are now a top priority for many organizations.

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What is payments modernization?

Payments modernization is about improving the way money is moved around the world. It encompasses real-time processing, data-rich messaging, and new standards that make it easier to connect and exchange information. It is also about adopting cloud technology and applying new ways to make the payments organization more efficient.

While existing payments infrastructure has served most companies well for many years, the multiple demands of increased payments volumes, customer expectations for shorter settlement times, and ongoing pressure to reduce payments costs mean that organizations must transform and modernize the way they host, run, and process payments.

Why modernize your payments infrastructure?

Fee erosion is squeezing margins and causing many organizations to look for ways to reduce operating costs. Beyond this, new payments networks are pushing the world to always-on, real-time money movement. And criminals are evolving as well—continuing to find new ways to conceal illicit activity. This is all happening in the context of new non-bank competitors who are disrupting the existing value chain for payments. To meet these challenges organizations are reevaluating their payments infrastructure to thrive in this new environment.

How does the cloud help modernize payments infrastructure?

Cloud technology makes it possible for payments organizations to run their infrastructure more efficiently and adapt quickly to market changes. Companies can automatically adjust capacity as payments volume increases or decreases, and they can embrace real-time processing with data streaming to unlock the power of payments data with machine learning. The cloud also makes it easier to connect and exchange data externally and tap into emerging digital ecosystems.

Why Red Hat?

As the world’s leader in enterprise open source, Red Hat helps communities create the future of cloud technology and enable companies to innovate, promote interoperability, and simplify technology to compete more successfully in the marketplace.

Red Hat customers have the freedom to move payments services across the infrastructure that makes the most sense for their business. They can deploy on-site or off-site from providers such as Alibaba, Amazon, Google, IBM, and Microsoft—allowing them to reduce costs and operational complexity while realizing the efficiencies associated with a modern cloud platform. And they can run traditional cloud-native applications across payments infrastructure using a consistent cloud experience, letting them progressively modernize applications over time.

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Five benefits of modernizing your payments infrastructure

Modernizing payments infrastructure with Red Hat

Adopting Apache Kafka and Kubernetes for payments messaging

Payments modernization in retail banking with Temenos

Streamline real-time payment processing across channels with Apache Kafka, Kubernetes, and Ceph.

Open source software to play a bigger role in the payments industry.

The link connecting real-time payments, data, and new digital-use cases.

Modernize with open source, containers, hybrid cloud, and more to achieve real-time payments.

Start modernizing with Red Hat

A managed cloud service that provides a streamlined developer experience for building, deploying, and scaling new cloud-native apps or modernizing existing systems.

Red Hat Openshift

Develop, deploy, manage, and scale cloud-native applications with containers through a container platform. OpenShift can orchestrate all of those applications automatically and work with offerings like AMQ, Fuse, and 3scale API Management to bring an agile integration approach to the cloud.

Red Hat Enterprise Linux

The Linux foundation for scaling existing apps and rolling out emerging technologies across edge, bare-metal, virtual, container, and all types of cloud environments.

Ready to start modernizing your payments infrastructure?