The May 2022 Aite-Novarica report Drivers of Change in Payments: Setting the Payments Modernization Agenda for Banks and Other Acquirers by Ron van Wezel outlines key forces shaping payment modernization. It examines acquirer agendas, revenue opportunities and threats, POS evolution, universal payment acceptance, and emerging use cases. The report addresses open banking, open finance, and open payment trends, along with a dynamic payments ecosystem and shifting risk environment. It highlights modernization priorities, cloud migration benefits, and strategic considerations for creating value and maintaining competitiveness in the evolving payments landscape.

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