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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

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A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card.

Industry 471
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Today In Data: Intelligence Of Things Pushes Innovation

PYMNTS

IoT-enabled televisions, refrigerators and even vehicles are becoming mainstream, and even smartwatches are seeing the effects of connected innovation. trillion | Estimated revenue in USD that mobile network operators stand to gain by 2026, achieved through early deployment of commercial low-power wide-area (LPWA) networks.

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Deustche Bank: Regulation Complicates B2B Payments’ Digital Transformation

PYMNTS

are made with cash , for example, and 63 percent of consumers have at least two credit cards. billion by 2024, indicating the corporate world’s record-high demand for instant payments. New technologies and API infrastructures are also leading to rapid innovations in the PaaS space, including quicker payments than ever before.

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Increasing Digital Banking Options Put Pressure On Big Lenders To Adapt

PYMNTS

At a time of increased consumer use and acceptance of the new COVID-era digital lifestyle, the pressure is mounting on large, legacy lenders to accelerate their innovations – or become obsolete. unveiled its next generation of operating software for ATMs, designed to integrate the now decades-old cash-dispensing machines into the digital age.

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Mastercard Expands NYC Tech Hub

PYMNTS

Mastercard, the world’s second-largest payments network — which already has 250 research, development and technology employees in New York — plans to add the new jobs by 2024. The company operates five technology hubs around the world. Louis, Dublin, Sydney and India, as it seeks to transition from debit and credit cards to gadgets.

St. Louis 115
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Customer-Facing Technologies Spice Up The QSR Space

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Restaurant operators are doing their best to satisfy those demands, spending billions on sophisticated, innovative solutions that improve experiences for customers who are dining in or ordering delivery or pickup. billion by 2024. households that do not have bank accounts, debit cards or credit cards. million U.S.

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New Report: How Behavioral Analytics Help FIs Block Fraud At The ITM

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billion by 2024. Mobile banking is under constant attack from fraudsters, however, who are targeting both customers’ funds and personal data, such as account numbers, Social Security numbers, payment card data and login credentials. Developments From Around The World Of Digital-First Banking.

Analytics 266