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Developments in the Payment Space
The chapter delves into recent developments in payments, covering topics such as the launch of FedNow, Visa's payment credential, legal regulatory issues, involvement in faster payments advisory boards, and the dynamics between financial platforms and payment infrastructures. Speakers emphasize the importance of establishing a last mile for protocols like FedNow and RTP for successful implementation and discuss market dynamics, political dynamics, and pricing strategies of major players like Visa and MasterCard in response to emerging technologies.