Albany, NY -- (SBWire) -- 07/12/2013 --Cards make up one of the most outsourced business operations in the financial services sector. Indeed, a large numbers of banks and card issuers have either outsourced specific functions or their entire their card operations. The primary factors driving such practice have been largely similar to those recorded in the outsourcing sector in general, and include cost reduction, gaining a comparative advantage, access to cheap/skilled labor, a lack of in-house expertise and risk management advantages.
Card outsourcing is fast-moving towards the adoption of cloud technology and onshore and nearshore models, driven primarily by cost advantage and government initiatives such as tax benefits. In addition, there is an increased focus on value added services such as behavior analysis and fraud prevention schemes.
View Full Report With TOC@ http://www.researchmoz.us/2020-foresight-report-best-practices-in-card-outsourcing-report.html
Scope
This report provides a comprehensive analysis of the key outsourcing activities in the card industry across the globe
It provides insights on various outsourcing models used by card issuers and their risk exposures
It provides analysis on the attractiveness and level of various card outsourcing activities in key offshore locations
It outlines the emerging trends in card outsourcing
It details the key best practices in vendor management with case examples
It explains the potential scope of outsourcing of key business operations associated with cards along with best practice case examples
Browse Latest Related reports@ http://www.researchmoz.us/banking-market-reports-159.html
Key highlights
Cards make up one of the most outsourced business operations in the financial services sector. A large numbers of banks and card issuers have either outsourced specific functions or their entire their card operations.
The primary factors driving card outsourcing have been largely similar to those recorded in the outsourcing sector in general, and include cost reduction, gaining a comparative advantage, access to cheap/skilled labor, a lack of in-house expertise and risk management advantages.
Card outsourcing is fast-moving towards the adoption of cloud technology and onshore and nearshore models, driven primarily by cost advantage and government initiatives such as tax benefits respectively. In addition, there is an increased focus on value added services such as behavior analysis and fraud prevention schemes.
Card issuers remain responsible for their business actions, even though the vendor is given the authority to act on their behalf. Outsourced operations must be monitored closely to ensure adherence to a contractual agreement.
One of the best ways of judging the perceived quality of performance is communicating with those firms already doing business with the vendor. Card issuers can also engage in market research and take advice from professional advisors.
View All Timetric Research Reports@ http://www.researchmoz.us/publisher/timetric-61.html
Reasons to buy
Make card outsourcing work for you
Learn from best practice and read case studies
Find out the key risks and challenges beforehand and select a model to minimize them
Gain insight into the current developments in card outsourcing
Gain insight into key drivers of card outsourcing to check if your organization fits in the picture
For More Information Kindly Contact:
Email: sales@researchmoz.us
Blog@ http://marketingresearchnews.blogspot.com/
2020 Foresight Report: Best Practices in Card Outsourcing Available Online
ResearchMoz.us include new market research report" 2020 Foresight Report: Best Practices in Card Outsourcing" to its huge collection of research reports.