Report Details Impact of Quantum Computing on Payments

ePayResources is an active member of Nacha’s Payments Innovation Alliance (PIA), a membership program bringing together diverse global stakeholders seeking to transform the payments industry. The group has published Protecting Payments in the Quantum Era: What You Need to Know, a free publication outlining the basics of quantum computing, explaining key concepts and how it differs from classical computing. It explores the potential applications of quantum computing in the financial sector, particularly in payments, highlighting opportunities for innovation and efficiency. The report also addresses the significant threats quantum computing poses to current cryptographic standards and discusses recent developments in quantum technologies, the urgent need for quantum-safe cryptographic solutions and the next proactive steps to prepare payments industry leaders for the quantum era.  

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