Five Ways Assertive Regulators Will Shape the Future of Payments

The past few years have seen an increased role for U.S. regulators across financial services, with crackdowns against banking partnerships, crypto coin minters, credit card issuers, card network pricing, and a wide variety of lenders ranging from payday loans to buy now, pay later providers. Will a coming wave of regulatory clarification around open banking, data control, and payment networks reinforce the power of incumbents or open the field to new players and services? 

This Javelin Strategy & Research report examines the current regulatory environment and how that is likely to impose on the coming innovations in the payments space. It also outlines what various stakeholders in incumbent firms and new market entrants need to be aware of as they plot their strategies. Monitoring of regulation and enforcement isn’t just for the legal department and operations. Every part of the business is affected, and every aspect of what shape innovation ultimately takes will see an impact.

Key questions discussed in this report: 

• How is the current regulatory environment shaping the future of payments? 
• What are the key areas of regulatory impact? 
• How should payments companies prioritize responses to future regulatory impact?

Companies Mentioned: 

Amazon, Anthropologie, Apple, Capital One, CFPB, Department of Justice, Discover, FDIC, Federal Reserve, FINRA, Google, Meta, Microsoft, NCUA, OCC, PayPal, Samsung, SEC, Square