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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. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card.

Industry 471
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Connected Vehicle Security Takes A Spot In The Front Seat

PYMNTS

It’s hardly news that consumers (along with regulators and politicians) are becoming increasingly focused on privacy and online security. According to one estimate, “about 50 million internet-connected cars operate on U.S. And, as PYMNTS has documented , one of the main questions there is who is really responsible for IoT security.

Security 119
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The Future of Checks – Tales From The Crypt

South State Correspondent

After World War II, checks were the hot payment technology and helped fuel the boom that followed. The process was sped up by technology and legislation in the 70’s and 80’s so checks could be scanned and presented faster, but the process remained costly. Checking accounts in the U.S. That is an expensive item.

Fraud 195
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Healthcare Looks To 5G For Cost Control

PYMNTS

The new 5G mobile network technology has started to make its initial foray into healthcare, and at a time when issues of cost, efficiency and accessibility are gaining even more focus than was the case before. Mobile technology and improved data analysis via machine learning and other methods will help fuel those improvements.

Analysis 196
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Virtual Assistants Join The Corporate Finance Team

PYMNTS

Artificial intelligence adoption continues to grow in the corporate world, and as businesses look to broaden margins, save money and drive strategic operations, the finance department is a prime target for AI-powered solutions. Polaris Market Research says intelligent virtual assistant technology is expected to be a $21.5

Analytics 147
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Deep Dive: How FIs Can Upgrade Authentication Measures To Foil Fraudsters? Open Banking Attacks

PYMNTS

Open banking may soon become table stakes for financial institutions (FIs) — they need to act now and be able to offer it securely or risk getting left behind. percent between 2019 and 2026, hitting $43.2 percent between 2019 and 2026, hitting $43.2 Tightening Authentication. percent “less likely to be compromised.”.

Security 151
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Libra Forces Cryptocurrency Regulators To Reexamine Procedures

PYMNTS

Cloud-based KYC activities were among the new technologies most used by U.S. Smaller companies were less likely to report investing in and using AML technologies. percent from 2019 to 2026, the technologies’ high costs and lack of skilled IT professionals prevent the market from doing so more quickly.