Payments Trends 2024: As Shopping, Buying and Paying Blur Together, Banks May Lose Ground
The Financial Brand
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In previous payments prediction articles, we’ve often picked a handful of leading payment types and discussed usage trends in each.
This time around The Financial Brand interviewed frequent sources on payments trends and some new faces to take a strategic, even speculative look at payments in 2024 and beyond.
What emerged is the need to think more fundamentally about payments —and to think about the components of each channel — because new thinking may break up traditional approaches and build new methods from combinations of old and new parts.
Consider how Peter Davey y, a payments veteran who goes by the handle @paymentsjedi on X, formerly known as Twitter, deconstructs credit cards. Davey spent years in payments and innovation roles at The Clearing House and Capital One and is now a venture partner for payments and identity at the Alloy Labs , a consortium helping smaller financial institutions...Read the full article.
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