Shaking up the payments world in 2019
The Mercator Advisory Group releases an outlook for payments in 2019, and this could be a challenging year for CUs.
Mobile technology, open banking and artificial intelligence will still drive big changes in the payments world this year, but a slowing global economy could have big consequences, according to a new 2019 outlook by Mercator Advisory Group.
The Marlborough, Mass.-based research firm predicted that business cycle factors, trade policies, Brexit, slowing growth in Europe and China, and expected higher interest rates all pointed to an economic slowdown in 2019.
“We expect even more disruption in 2019, as The Clearing House’s Real Time Payments (RTP) system emerges out of pilot, new competitors emerge and the Federal Reserve makes key decisions on how it will participate,” Mercator VP of Research Operations Aaron McPherson said.
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