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RT2: A strategic transformation for UK payment providers

The Payments Association

It enhances resilience, broadens access, improves interoperability, and enables innovation, thereby modernising the UK’s financial infrastructure. RT2 offers four key advancements: enhanced resilience, expanded access, wider interoperability, and improved functionality. Why is it important? What’s next?

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From open banking to open finance and beyond: The future of financial data-sharing

The Payments Association

As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration. Open finance is transforming financial services by enabling broader data-sharing, fostering competition, and driving innovation in payments and financial products.

Finance 88
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How Companies Make Revenue from Payments and the Different Business Models

Clearly Payments

It encompasses various elements, including the target customer segment, value proposition, distribution channels, revenue streams, key resources, and cost structure. A business model is a holistic framework that describes how a company creates, delivers, and captures value.

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Standardizing Digital Payments Standardization

PYMNTS

Interoperability among solutions is messy, too – time-consuming and expensive and, in some cases, simply not possible. Companies of all stripes and sizes may be fretful about existing cost structures, and investments in technologies and processes that span years and significant amounts of money.

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Merchant-facing regulation: What merchants need to know in 2025

The Payments Association

These developments will impact merchant compliance, cost structures, customer experience, and operational risk. This standard introduces structured, enriched data formats for payment messagesimproving interoperability, fraud detection, and reconciliation. Why is it important? What’s next?

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The payments regulation roadmap: Q2 2025

The Payments Association

It introduces a richer, more structured data format for payment messages, designed to enhance interoperability, increase efficiency, and reduce ambiguity in financial communications. Engage in industry-wide testing phases, scheduled to begin in January 2027, to validate readiness and interoperability with other market participants.