The movement to Web services will change financial payment systems much the same as it will change all other types of system. Primarily that's because Web services bring down the barriers to integration. They enable organizations to easily integrate their systems?financial payment systems included?with other systems, regardless of whether those systems are based on UNIX, Linux, COBOL or any other platform. That means you can extend your financial payment systems to partners and customers in a matter of hours. Additionally, Web services will foster significant changes to financial services. In fact, there are already several new e-payment services that, thanks to Web services, are much more customer friendly. You can tie into one of these services without having to change the way you do business. You just connect to the system and schedule payments from your existing accounting package.
Dig deeper on Service-oriented architecture (SOA) orchestration
Have a question for an expert?
Please add a title for your question
Get answers from a TechTarget expert on whatever's puzzling you.