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

Perficient

In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder.

Industry 471
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The Future of Checks – Tales From The Crypt

South State Correspondent

The rise of card-not-present transactions for phone and then e-commerce, starting in 1994, cannibalized check volume, as did Paypal, retail ACH for phone and internet transactions in 1998. The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash.

Fraud 195
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Consumer Credit Update for 2Q 2023

South State Correspondent

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. These are cash flow management tools that send a signal of future problems. We should see a slight increase in production in 2025 and 2026 driven by lower rates. The number of cards in the wallet is almost a full card at just shy of 3.

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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

Despite Chris Rock’s old adage that people “don’t sell drugs, drugs sell themselves,” being in the legal — or at least legal-ish — business of cannabis retail is surprisingly difficult and friction-filled work. The problem is not in moving the supply. As a point of comparison, U.S.

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Is India’s ATM Disappearing Act A Digital Payments Boon?

PYMNTS

Chalk it up to “unviability of operations” in the wake of new regulatory guidelines, mandating upgrades that focus on the actual management of the physical cash at those machines. That comes as eCommerce is slated to be worth as much as $200 billion by 2026 , according to Morgan Stanley estimates, growing at 30 percent, compounded annually.

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How the youngest consumers could secure the future of cash

NCR

When it comes to planning strategy and investment across retail banking channels, financial institutions (FIs) should acknowledge that, for younger consumers and millennials in particular, cash still has an extremely important part to play. It could also be that they simply value the convenience of cash.

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How Digital Verification Creates Seamless Experiences For Shoppers

PYMNTS

However, retailers are looking to combat the problem. The projected value of the global automated fingerprint identification system by 2026 is $26.55 Just under seven in 10 – or 69 percent – of all online shopping carts are abandoned before checkout. Walmart recently tested a new payments approach to boost online conversions.

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