Elements of received wisdom are undermined, while certain heterodox or less mainstream views are seen as more valid or important than had been widely recognized. The financial crisis of 2007–2009 was no exception. Some ideas, such as the efficient markets hypothesis, have taken some hits, as others have risen to prominence.
First is the interoperable Bills Pay Facility, which will address the existing fragmented bills payment mechanism. Second is the Request to Pay Facility, which will empower payees to initiate collections of nonrecurring receivables. Third is the Direct Debit, which will allow customers to better manage recurring payments.