DSA, Nacha advance digital payments discussions at Chicago industry meeting

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DSA, Nacha digital payments Chicago

Highlights

DSA and Nacha co-lead the Next-Gen Currency Project Team, exploring digital assets like stablecoins and tokenized deposits for global payments integration.
The Payments Innovation Alliance meeting in Chicago focuses on bridging digital assets with traditional payment systems, tracking regulatory trends, and educating the industry.
Industry stakeholders discuss emerging technology challenges, such as agentic payments and multifactor authentication reliability, amid ongoing regulatory uncertainty.

Chicago meeting centers on next-gen payments

As reported by The Block, DSA’s Molly Woodman facilitates discussions on the newly launched Next-Gen Currency Project Team during Nacha’s Payments Innovation Alliance fall meeting in Chicago. The project team, co-led by Nacha and DSA, explores the global use of digital assets, including stablecoins and tokenized deposits, for money movement.

Held at the InterContinental Chicago Magnificent Mile, the three-day gathering brings together stakeholders from financial services and payments to exchange views on innovation, operational challenges and regulatory considerations. The project team’s work includes developing tools to connect digital assets with traditional payment systems, tracking regulatory developments, identifying operational implications and providing education for the payments industry.

Woodman says it is encouraging to see financial institutions brainstorm ways to build continuity in areas where regulation has not yet caught up. Her comments underscore the meeting’s focus on practical approaches for navigating a more complex payments environment.

Industry weighs compliance and operational impact

Participants also examine how emerging technologies are changing expectations for financial institutions, particularly around agentic payments and authentication standards. Discussions cover the reliability of multifactor authentication as technology evolves, as well as emerging approaches to Know Your Agent, or KYA, frameworks.

The conversations highlight how industry groups are trying to address uncertainty before formal rules are fully established. For DSA, participation in the alliance meeting aligns with its broader push for responsible innovation, regulatory clarity and closer integration of emerging technologies into the payments sector.

Our earlier article on SEON’s expansion in the Philippines detailed how the fraud-prevention provider is pushing beyond fintech into traditional banks, remittance firms, and payments businesses as digital transactions grow and fraud-control expectations tighten. It also noted SEON’s partnership with Exist Software Labs as a key route to local market access and compliance-driven segments, highlighting why risk management is becoming central as payment channels and rules evolve.

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