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Payments trends report 2024

The Payments Association

Future technologies and innovations In 2024, payments innovation is being driven by the rapid adoption of artificial intelligence (AI), tokenisation, and emerging technologies like central bank digital currencies (CBDCs) and stablecoins.

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Payment Trends In The United States For 2024

Clearly Payments

Despite these challenges, emerging use cases, increased regulatory clarity, and growing consumer interest suggest that open banking’s future in the USA holds promise for a more competitive financial landscape. Continued eCommerce Growth: The eCommerce sector is set to expand, driving demand for secure online payment methods.

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Navigating AML obligations in the age of virtual IBANs

The Payments Association

Andrew Doukanaris Ambassador, The Payments Association While vIBANs have positive use cases, challenges exist in limited monitoring of the end user, alignment with the PSPs risk appetite, and the lack of a consistent framework to mitigate financial crime and regulatory risks.

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From Stablecoins to Consumer Protection – Industry Identifies Next Big Payments Trend for 2024

The Fintech Times

AI will lead the way in transformation Dan Dica, CEO, Lynx Dan Dica , CEO, Lynx , the healthcare fintech explains how AI will transform risk management and compliance in payments. “The next big payment trend that will leave a significant impact is undoubtedly artificial intelligence (AI).

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The Push And Pull Of Real-Time Payments

PYMNTS

A big challenge with pull payments is that they don’t give consumers as much control over the movement of their funds as they would like. With push payments, the consumer is always in control of a transaction,” LaFleche said. Pull Payment Trends. We don’t really see many use cases for real-time pull payments,” he said.

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How Mastercard Is Taking Crypto To The Point Of Sale

PYMNTS

For example, there are a lot of stablecoins out there favored by those who simply want to use them as a store of value. Besides, Dhamodharan said Mastercard’s goal isn’t to turn cryptocurrency into the payments trend of 2020. But he added that the new program isn’t the only way Mastercard is looking at blockchain technology.

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Visa’s Bill Sheley On What’s Next For Push Payments

PYMNTS

It was in a convergence of these trends that Visa launched its real-time payments solution, Visa Direct , a technology enabling push payments onto recipients’ Visa cards. Emerging And Unexpected Use Cases. “This is a very flexible platform in terms of use cases,” he said.