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    In the early years of the epayment revolution, banks and payment services providers successfully build innovative applications to improve productivity. Now it is the enormous business demand for new technology that is helping to fuel new productivity challenges.

    It seems already certain that the overwhelming demand will be for off-the-rack, state-of-theart solutions, buyable over the Internet from suppliers -- solutions that work simply and flawlessly and cost next to nothing. It will be a long time coming for epayment services providers with large and complex systems, because, in addition to requiring cost-effective solutions that both employees and customers can readily use, they also need to be able to integrate them seamlessly into their own platforms and systems as they tighten their focus on using technology to simplify all of their core work.

    Today technology is the second-largest expense category after employees in most business. Technology has gone from what was essentially a back-office function to an expenditure that now, according to the U.S. Department of Commerce, takes up 50 per cent of companies’ annual capital budgets in the United States.

    Undertaking what amounts

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    uctivity challenges.

    It seems already certain that the overwhelming demand will be for off-the-rack, state-of-theart solutions, buyable over the Internet from suppliers -- solutions that work simply and flawlessly and cost next to nothing. It will be a long time coming for epayment services providers with large and complex systems, because, in addition to requiring cost-effective solutions that both employees and customers can readily use, they also need to be able to integrate them seamlessly into their own platforms and systems as they tighten their focus on using technology to simplify all of their core work.

    Today technology is the second-largest expense category after employees in most business. Technology has gone from what was essentially a back-office function to an expenditure that now, according to the U.S. Department of Commerce, takes up 50 per cent of companies’ annual capital budgets in the United States.

    Undertaking what amount

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    . It will be a long time coming for epayment services providers with large and complex systems, because, in addition to requiring cost-effective solutions that both employees and customers can readily use, they also need to be able to integrate them seamlessly into their own platforms and systems as they tighten their focus on using technology to simplify all of their core work.

    Today technology is the second-largest expense category after employees in most business. Technology has gone from what was essentially a back-office function to an expenditure that now, according to the U.S. Department of Commerce, takes up 50 per cent of companies’ annual capital budgets in the United States.

    Undertaking what amount

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    e them seamlessly into their own platforms and systems as they tighten their focus on using technology to simplify all of their core work.

    Today technology is the second-largest expense category after employees in most business. Technology has gone from what was essentially a back-office function to an expenditure that now, according to the U.S. Department of Commerce, takes up 50 per cent of companies’ annual capital budgets in the United States.

    Undertaking what amount

    Understanding Value
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    y has gone from what was essentially a back-office function to an expenditure that now, according to the U.S. Department of Commerce, takes up 50 per cent of companies’ annual capital budgets in the United States.

    Undertaking what amounts to the second coming of IT technology is not exactly a walk in the park, companies have to move past the idea that technology alone will put you so far out in front that the competition could never catch up. Times have changed, and IT technology expenditures simply must be brought down just like costs in any other business.

    Technology's power is outstripping most of the business needs today, the two main endusers in an organization -- customers and employees - are only actually utilizing about 20 per cent of their computing capabilities. The rest of the investment is mostly wasted.

    This leads to a greater truth about IT technology, which is that like most organizations, epayment services providers have just about all the basic technologies they need to successfully compete right now. Whether you're talking hardware, software or expertise, the transition has already been made from a seller's to a buyer's market.

    Prices have dropped to afforda

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