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The future of payments will be characterized by increased convenience, security, and personalization for consumers, as well as new opportunities for businesses and financial service providers. The world of finance is changing rapidly and this is creating new opportunities for nimble and innovative technology companies.

With digitization and the advancement of the automation sector, online payments have been triggered which in turn has also accelerated the speed of other digital services. Furthermore, in the coming times, the payment gateway platforms will also experience a further shift in efficiency, alongside rapid evolution.

The payments industry is poised for significant growth over the coming five years; we expect an average annual revenue growth rate of 9 percent, exceeding the already-healthy prepandemic long-term trajectory of 6 to 7 percent.

Top 10 Resources to Learn More About Payment Trends Due. PYMNTS.com. Let's Talk Payments. Payments Views. FinExtra. Mobile Payments Today. Noyes Payments Blog. BankNXT.

The payments fundamentals curriculum contains 11 modules. Each module presents and explains key concepts to understand payments and the payments industry. The purpose of the payments fundamentals curriculum is to provide you with the principles and keys to understand and study any payment system, anywhere in the world.

5 best certifications for payment processors RankPayment Processor certificationOrganization1Certified Medical Office Manager (CMOM)PMI2Certified Management Accountant (CMA)IMA3International Accredited Business Accountant (IABA)ACAT4Nationally Certified Medical Office Assistant (NCMOA)NCCT1 more row

Globally, such unique business models could impact up to 80 percent of existing banking revenue by the end of 2020while the digital payments market is expected to reach $7.6 trillion by 2024[2] worldwide with an average CAGR of 13.7 percent between 2019?24.

Driven by mobile commerce, mobile wallets will become the most popular online payment method by 2024 globally, accounting for over a third of all payments in that time. In the U.S. alone, mobile wallets are predicted to overtake physical cards as the most popular online payment method in the next three years.

A holder is a person who lawfully obtained the negotiable instrument. The negotiable instrument has his name entitled on it so he can receive the payment from the parties liable. A holder in due course is a person who acquires the negotiable instrument (in good faith) for some consideration, whose payment is still due.

"Payment in due course" means payment in accordance with the apparent tenor of the instrument in good faith and without negligence to any person in possession thereof under circumstances which do not afford a reasonable ground for believing that he is not entitled to receive payment of the amount therein mentioned.