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Payment Infrastructure

Core systems processing and routing digital and card payments

Fig. 112 · Card imprinter

The field

At a glance

Definition

Core systems processing and routing digital and card payments

Technologies

Real-time payment rails enable instant settlement. Tokenization replaces card numbers with unique tokens for security. Payment orchestration routes transactions across multiple processors. Stablecoin infrastructure enables programmable, instant settlement. ISO 20022 messaging standard modernizes payment data.

Applications

Real-time payment systems enable instant bank-to-bank transfers. Payment APIs let any application accept card and alternative payments. Cross-border rails settle international transactions in seconds rather than days. Stablecoin infrastructure processes programmable payments 24/7.

Market and funding

The global payment infrastructure market processes trillions in annual transaction volume. Card network revenue (Visa, Mastercard) exceeds $50 billion annually.

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