Remove 2024 Remove Cards Remove Innovation Remove Security
article thumbnail

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

Perficient

Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022.

Industry 471
article thumbnail

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

PYMNTS

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. The Security Threats Facing ITMs And How FIs Can Protect Them.

Analytics 266
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Biometrics Innovation Tests Consumer Privacy Sentiment

PYMNTS

Thanks to smartphones equipped with facial and fingerprint recognition for security, many consumers now have up close and personal experience with newer forms of digital ID. Innovations — some more fantastical than others — keep emerging, though. percent between 2019 and 2024 to reach $65.3 Vein recognition? Voice patterns?

article thumbnail

Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

The last one, published in Jan 2014, featured 50 innovations (see below). Note: These are the rankings from 10 years ago. I will update with milestones from 2014 to today and publish next month. I’m taking suggestions here (so far: crypto, BNPL, earned-wage access, chatbots, deposit networks).

article thumbnail

How Retailers Are Gearing Up For Contactless Payments Via mPOS

PYMNTS

certification: They must, for instance, resolve issues when a payment reader’s too-powerful field strength results in damaged smartphones and cards. From CVS to T-Mobile , retailers and technology providers are catering to the trend of contactless payment acceptance with new solutions and methods of handling cards from customers.

Retail 259
article thumbnail

Is Self-Checkout Catnip For Criminals?

PYMNTS

Great news for innovative retailers. The self-checkout system market is expected to increase from its current value of $2 billion to more than $4 billion by 2024, according to a new study. Customers can use credit cards or cash or go completely cashierless with Grabango’s payment app. Less so for cashiers. percent).

Retail 117
article thumbnail

Google, Mobile Wallets Pave Roadmap To Super Apps

PYMNTS

Europe and Asia (for a total of nine countries) – seven in 10 respondents said they were confident in the security provided by digital wallets. As reported by India Retailing last month, “mobile wallet adoption is gradually displacing traditional payments such as cash and cards in India.”

Google 254