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Additionally, 56% are adopting data analytics to gain critical insights into payment behaviour, while 38% prioritise API-based integrations to enhance flexibility and security in their payment ecosystems.
Meanwhile, 56 per cent are adopting data analytics to gain critical insights into payment behaviour, while 38 per cent prioritise API-based integrations to enhance flexibility and security in their payment ecosystems. Lesser-discussed trends include embedded finance (13 per cent) and sustainable payments (eight per cent).
How are these influencing product development and paymentstrategies? Pekrek continued: “New payment trends, particularly incorporating personal identification technologies, are revolutionising contactless payment methods. Can you share any winning and losing strategies in the payments space from this year?
As multi-rail systems become a standard component of paymentstrategies, bringing in real-time payments, BNPL, and P2P payments will give customers the flexibility and functionality to enable and unlock greater opportunities in the increasingly cashless economy, paving the way for a truly interconnected global payments ecosystem.”
It highlights key trends, such as open banking, tokenisation, and fraudprevention, which are crucial for merchants to remain competitive and secure. Merchants need to continue adapting to new payment methods, collaborate with industry peers, and stay agile in balancing innovation and regulatorycompliance.
3) Regulatorycompliance Certain industries, such as cryptocurrency exchanges, gambling, and financial services, must comply with stringent know-your-customer (KYC) and anti-money laundering (AML) regulations. Use this guide to identify your MCC code, assess risk levels, and optimise your payment processing strategy.
Redundancy and Failover: Payment orchestrators provide redundancy by ensuring that if one payment provider fails, the transaction can be automatically routed to another, reducing the risk of failed payments and increasing overall reliability.
Real-Time Analytics & Reporting Comprehensive reporting tools help gaming businesses track transaction trends, chargebacks, player spending behavior, and fraud attempts. These insights allow operators to optimize their paymentstrategies and reduce revenue loss.
Payments firms now have unprecedented opportunities to use data more strategically, from optimising fraud detection to personalising customer interactions. Data silos, regulatorycompliance, and the need for robust governance continue to hinder growth. But these opportunities come with challenges.
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