This week, there are quite a few folks in Prague at a conference on payments in Central & Eastern Europe including myself.
Lots of local banks presenting as well as regionally focused transaction providers, such as ING, Raiffiessen and Deutsche.
What struck me as these discussions developed, is that quite of a few of the transaction providers are offering to partner with the local banks to provide their back office payments processing.
Nothing wrong with that except that, as you develop this conversation, the larger transaction banks are becoming technology firms in disguise.