Quantum Computing and Payments

In this episode of the Payments Perspective podcast, Jeff Duffy speaks with Peter Tapling about the implications of quantum computing on payment security. They discuss the potential threats posed by quantum computing, particularly its ability to break current encryption methods, and the urgency for financial institutions to prepare for this emerging risk. The conversation covers the concept of 'Harvest Now, Decrypt Later,' the timeline for quantum computing's impact, and the steps organizations can take to become quantum ready. Collaboration across the payments ecosystem is emphasized as a crucial factor in addressing these challenges. Link here contact Peter Tapling or PTap Advisory Link here for more information from the Nacha Payment Innovation Alliance on Quantum Computing. Interested in becoming a Wespay member? Learn more about membership benefits here: Wespay Membership.