Understanding the hidden inefficiencies, trends and solutions
Every quarter, the payments industry faces a familiar compliance challenge: Submitting Mastercard QMR or Visa GOC reports on time and error-free. These data submissions give card networks a clear view of metrics like transaction volumes, cardholder activity and interchange fees.
The path from raw data to ready-to-submit reports is full of friction. Businesses must collect, reconcile and format large volumes of data with precision—a process often bogged down by multi-source data collection, exception handling and currency conversions.
To understand how businesses manage these reporting requirements, we surveyed 250 UK-based payments and banking firms—from issuers and acquirers to payment processors and neobanks.