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Introduction

This report provides an overview of the card management system (CMS) platform market, and is intended to assist banks and payment providers in the vendor-shortlisting process by evaluating some of the leading vendors and individual platforms available on the market.

Highlights

  • Unlike the payment switch market, the CMS space is highly competitive with no single, dominant player. Even smaller-scale players are capable of having a major impact on the global market. Key players active in the market today and featured in this report include; ACI, BPC, Compass Plus, CSC, FIS, OpenWay, Sopra, TSYS, and Worldline.
  • Core CMS functionality is very strong across all vendor platforms on the market, further increasing already high levels of competition. Key differentiators are focused on integration and configuration capabilities, and proven track records of deployments.
  • Investment in CMS platforms is being driven by growing competition in the payments space, and the need for product innovation and development. Appetite for CMS investment is also driven by the growing use of payment service hub models. This in turn is driving the use of modular and wraparound functionality, with platforms being used for very specific functions that can be deployed on a tactical basis.

Features and Benefits

  • Assess the current state of the CMS market, and the drivers underpinning investment.
  • Evaluates the key players and platforms in the CMS space and how they stack up against today's market needs.

Key questions answered

  • Who are the market leaders in card management systems? What makes them stand out?
  • What features are needed in a successful CMS platform today?
  • How competitive is the CMS market? Is there room for smaller players to grow?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key findings

Defining a payment card management system solution

  • Card management systems enable the card product lifecycle
  • Appetite for CMS investment is high as issuers seek greater functionality
  • The CMS market is crowded and largely commoditized

Vendor solution selection

  • Inclusion criteria

Overall assessment

  • Methodology
  • Ovum ratings
  • ACI, BPC, OpenWay, TSYS, and Worldline are market leaders

Primary assessment criteria

  • Evaluation categories

Vendor analysis

  • ACI Card and Merchant Management Suite
  • BPC SmartVista
  • Compass Plus TranzAxis
  • Compass Plus TranzWare
  • CSC Celeriti
  • FIS Base2000
  • FIS Cortex
  • OpenWay Way4
  • Sopra Banking Cards
  • TSYS Prime
  • Worldline Asccend
  • Worldline Cardlink II
  • Worldline Pay

Appendix

  • Further reading
  • Author

Recommended Articles

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