Why Payment and Banking Shouldn’t Sit Under Finance - And Why You Need a CPayO - the Chief Payment Officer

Payment and banking today impact customer experience, risk management, technology, product development, data security, compliance, finance, and more. It should be considered a standalone function, an essential element of the business strategy, not just a part of finance.

But when nobody takes ownership, mayhem begins. Your bank freezes your accounts, block your transfers, delay the settlements or even worse - stops working!

Finance usually picks providers by looking at the cheapest option, ignoring risks, security, scalability, tech... I have seen valuable payment data which could save revenue and improve customer experience being ignored.

A Chief Payment Officer takes control, making sure money keeps moving and the business stays safe and ready to grow. Read my article how: https://www.linkedin.com/pulse/why-payment-banking-shouldnt-sit-under-finance-you-need-soltesz-xlivf