payments industry

The payments industry is the sector that facilitates the transfer of money between parties, encompassing the infrastructure, companies, and technologies that process electronic transactions like credit card payments, bank transfers, and digital wallets.

Why it’s in the news: It is in the news due to rising concerns about fraud, the emergence of agentic AI systems, and the critical need for robust governance frameworks to manage these new technologies.

Latest on payments industry

• Open banking fraud rates remain below wider UK payments industry benchmarks
• Airwallex is about to take on Stripe and the rest of the payments industry — in the physical world
• governance must shape how agents are designed, tested and monitored from the start in payments enterprises. The competitive advantage in agentic payments will not be determined by agent capabilities, which are arriving regardless, but by how organizations implement governance frameworks around these systems.
• The payments industry is treating agent governance like a compliance checkbox — something to bolt on after design, after testing, after the first transaction fails in production.
• ISO 42001 May Become a Payments AI Governance Benchmark

Connections

4 entities linked to payments industry across the news graph.