According to the report, 56% of U.S. customers have experienced a false payment decline in the past three months. The key to staying competitive lies in adopting open payments platforms, which unify various payment protocols through a single API. Some 40% of global consumers reported experiencing a false payment decline recently, with 79% indicating that varied payment options are crucial for building trust with brands. Open payments platforms represent the next evolution in payment orchestration, providing firms with back-end efficiencies essential for optimizing eCommerce. As consumer payment preferences diversify, open payments platforms have become essential for merchants to stay competitive.