Payments have become critical to the customer experience as e-commerce and mobile transactions grow substantially. Merchants face 3 key challenges: 1) satisfying diverse customer payment preferences and local requirements, 2) providing seamless and secure checkout across channels while meeting security standards, and 3) managing the increasing complexity and costs of integrating various legacy and new payment systems globally. Addressing these challenges is important to avoid losing sales and customers to competitors due to issues with the payment process.