Low-code and no-code platforms have emergerd that allow people with little to no coding experience to build apps. Just as programming has become easier, payments are becoming programmable, offering automation, simplicity, and flexibility.

Programmable payments are automated transactions that occur when specific conditions or events are met. Unlike traditional payment methods, which can rely on manual approvals or fixed schedules (think monthly software transactions), programmable payments offer a more dynamic approach. For instance, a programmable payment might only occur when a product is delivered or a service is completed.

Click Read More below for the complete Take On Payments blog article from the Atlanta Fed and find out more about the key technologies, benefits, and potential of programmable payments.