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Pymnts

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Banks Tap Merchant Services to Secure Customer Primacy

  • Banks focus on modernizing legacy systems amidst fierce competition in financial landscape.
  • Financial institutions strive to implement digital strategies, incorporating AI, embedded finance, and cryptocurrency.
  • Banks seek stable income streams, prioritize customer account primacy for deeper loyalty.
  • Merchant services play key role, offering holistic solutions than can enhance customer relationships.
  • Partnerships like Maverick Payments help banks improve merchant services, creating mutual benefits.

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