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Nacha Event Highlights U.S. Payment Trends

Publisher IDC
Published Jun 07, 2024
Length 4 Pages
SKU # IDC18850910

Description

Nacha Event Highlights U.S. Payment Trends


This IDC Perspective discusses some of the key takeaways from the Nacha event, which was held this year in Miami Beach. The Nacha event, "Smarter Faster Payments," highlighted key U.S. payment trends, including the slow but growing adoption of real-time settlement systems, collaborative efforts among key stakeholders, the push toward ISO 20022 adoption, and the nuanced role of AI in payment solutions. "Banks need to embrace the future of payments," says Aaron Press, research director, Worldwide Payment Strategies at IDC. "Real-time settlement, ISO 20022, and expanding access to data are transforming the landscape, compelling banks to act now or be left behind."

Please Note: Extended description available upon request.

Table of Contents

4 Pages
Executive Snapshot
Situation Overview
Real Time Is Real
Key Stakeholder Organizations Are Playing Nice
Synergy Among ISO 20022 Efforts Is Helping Adoption
Account Data Access Is Expanding
Fraud Prevention Is Top of Mind
AI Is Everywhere and Also Nowhere
Advice for the Technology Buyer
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