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

Perficient

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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How Unattended Retail Is Getting Smarter

PYMNTS

According to Will Byrne, CEO of Worldnet Payments , the kiosks and smart shelves that are gaining traction across any number of commerce and retail settings may even shift the employment picture a bit. The Changing Retail Footprint. As unattended retail notches an increasing footprint, said Byrne, other use cases will also emerge.

Retail 138
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FICO World 2023: Four Enterprise Fraud Management Takeaways

FICO

There is also growing impact to traditional card portfolios, not just demand deposit accounts (DDA) and real-time payments channels. It was also encouraging for me to hear that organizations are moving away from portfolio-specific silos, in favor of a more holistic approach to customer experience and management.

Fraud 52
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The Platform Economy Evolves To Become More Personalized

PYMNTS

It’s also accommodating changing customer expectations for personalized and customized offerings. billion by 2024, a CAGR of 13.7 percent, during the forecast period of 2019-2024. The global digital payments market was valued at $3.4 billion in 2018 and is expected to reach $7.6

Google 134
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How Fashion eCommerce Payments Can Be Designed For Cross-Border Appeal

PYMNTS

Buyers used local payment methods for 77 percent of worldwide eCommerce in 2019, and that figure is projected to reach 82 percent by 2024. One way that international companies may seek to provide flexible and streamlined purchasing experiences is by working with payment orchestration platforms (POPs). and Scandinavia.

Payments 131
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Is AI The Ultimate Fraud Fighting Machine?

PYMNTS

The company’s successful start caught the attention of fraudsters who made off with $400,000 worth of luxury cars with stolen identities and credit cards. billion by 2024, continues to experience similar fraud attacks. Cracking the code on digital identity in luxury retail. Take luxury retailer Hermes, for instance.

Fraud 121
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Will PSD2 and SCA Ruin Your Customer Experience?

FICO

With less than 12 months to go until EU banks implement their strong customer authentication (SCA) solutions, project teams are facing tough decisions about the most important aspect of the business – customers making payments. It is forecast that by 2024 instant payments will overtake card payments in e-commerce purchases.