The New Payment Standard Built for Machines, Not People—And That's the Problem
Digital payments just got a major upgrade. But it's designed for computers to talk to each other, not for you to buy coffee. That's a bigger shift than it sounds.
⚡ Key Takeaways
- The new payment standard optimizes for machine-speed transactions, not human oversight—a fundamental shift from how digital payments have traditionally worked 𝕏
- Faster settlement benefits banks and payment processors, but creates new liability and fraud risks that cascade back to consumers without clear recourse 𝕏
- The shift mirrors pre-2008 financial engineering: trading human understanding and accountability for machine velocity is seductive but historically dangerous 𝕏
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Originally reported by PYMNTS
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