Key Regulatory and Industry Initiatives (KRIIs)

In recent years, KRIIs have taken a transformative approach encouraging competition among service providers and disrupting inertia in segments of the payments value chain. And, now, these changes are more obvious to customers in the form of innovative solutions. Simply stated, relevant KRIIs have the potential to spur substantive results in terms of regulators’ primary objectives—risk reduction, standardization, competition and transparency, and innovation—in the short term.