Unlike other industries that have been revolutionized by modern technology, the U.S. payments space has remained largely unchanged — until now, that is. Same Day ACH now supports both debit and credit transactions, peer-to-peer network technology is entering the business world, real-time payments have been formally introduced to the U.S. payment system and expanding API connectivity is driving a migration from batch processing to real-time execution. These disruptive developments have the potential to transform traditional payment models.
This session will focus on the evolution and ongoing development of emerging payment channels. We will introduce a framework for evaluating the application of these alternatives and highlight potential use cases. We will explore strategies for leveraging these new technologies to meaningfully address a variety of top of mind payment considerations – processing and administrative costs, payment fraud, escheatment and transaction friction.