3 changes coming to the world’s payment networks

The payments industry is facing disruption on many fronts. 

Consumer demand for contactless payments, cheaper transfers and faster transactions has guided many of the industry’s recent innovations. Businesses have begun to generate those same demands from their side, too. 

At the beginning of the year, Featurespace Founder David Excell wrote about major changes to the world’s payment networks, though the focus in his predictions centered around why those changes were happening.  

This is a conversation about how those changes are happening. Below, Featurespace SME Steve Goddard explores three trends happening on the back end of the world’s payment infrastructure: 

- Increased data sharing within banks and financial institutions. 
- The development of new security tools for merchants and shoppers. 
- A serious and dedicated adoption of blockchains. 

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