In recent months, we’ve seen the payment industry’s innovation agenda take a significant step forward. After much work, the standardization initiatives, and regulatory and authentication frameworks, are at last coming together.
The global payments industry is moving at a fast pace. Driven by pressure from major e-commerce and IT giants like Google, Samsung and Apple, financial institutions have been fervently pursuing standardization initiatives – both within SEPA[i] and at a global level – in a bid to improve services to customers and assure their central intermediation role in the payments ecosystem. Meanwhile,