Impacts of Regulatory Actions on Payment Technology
- Date:February 24, 2021
- Author(s):
- Krista Tedder
- Report Details: 17 pages, 4 graphics
- Research Topic(s):
- Tech & Infrastructure
- PAID CONTENT
Overview
Over the past 10 years, the United States has seen a shift in how consumer and business protections coexist with a greater emphasis on regulating the financial services ecosystem under the guise of fair play. The encroachment of technology companies into traditional banking functions, data collection, and usage capabilities signals a call for change.
Financial service providers will be a driving force in how the payment landscape changes. A focus on having fair and equitable services for financial institutions, merchants, networks, and consumers will create a lot of conversation and, ultimately, revenue challenges for different market participants. The movement to reshape financial services has already started, and in 2021 the proposed regulatory changes will forge new market dynamics and shifts in payment strategies.
Key questions discussed in this report:
- What revenue implications do financial services providers need to understand with the upcoming regulatory action?
- What are the implications of the large technology companies being regulated?
Companies Mentioned: Amazon, Apple, Citibank, EMVco, Google, Mastercard, PayPal, Plaid, Samsung, Square, Venmo, Visa
Methodology
Companies Mentioned: Amazon, Apple, Citibank, EMVco, Google, Mastercard, PayPal, Plaid, Samsung, Square, Venmo, Visa
Learn More About This Report & Javelin
Related content
The Future of Payments Is Coming. Is Your Core Ready?
Modernizing core banking systems is now essential for delivering real-time, secure, and scalable payments. This Javelin Strategy & Research report examines how legacy cores are bei...
The Proxy Economy: AI Agents and the Payment Stack
For technology leaders at financial institutions, the change in assumptions brought about by agentic commerce—removing people from transactions—also changes how systems are designe...
What FIS’s Latest Deal Says About Finding Synergies Across the Payments Value Chain
A move by FIS to unload Worldpay—which it acquired to much hoopla in 2019, a year that also saw a huge deal between Global Payments and TSYS—illustrates the difficulty of finding s...
Make informed decisions in a digital financial world