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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. Both Visa and Mastercard rolled out pilot biometric payment cards in 2022.

Industry 471
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The CFPB section 1071 effective date

Abrigo

The CFPB generally describes it as a request for any of the following: Loans Lines of credit Credit cards Merchant cash advances Credit products used for agricultural purposes Requests for additional credit on an existing loan are not counted as originations for the purpose of determining a covered financial institution.

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Deep Dive: Making Field-Based Employees More Efficient

PYMNTS

Field-based workers take on many different roles in multiple markets, and their ranks include engineers and technicians who install solar panels, water filtration or home security systems, plumbers, landscapers, roofers and electricians. The market for field management services is on track for significant growth because of its ample benefits.

Tools 100
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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.

ATM 187
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How the youngest consumers could secure the future of cash

NCR

Across every age group, cash purchases were more common than credit card transactions, and despite popular belief, cash is not yet dead. ” One of the possible reasons for the youngest customers showing a preference for cash is that they don’t have access to other payment products, such as credit cards.

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5 Ways Digital Payments Will Change FIs and Fraud in 2023

FICO

Vice President, Product Management. Credit cards have seen record growth and near-record balances through 2022, and alternative payment methods are booming, including everything from ACH and real-time money transfers to phone-based systems like Apple Pay and Google Pay. FICO Admin. Tue, 07/02/2019 - 02:45. by TJ Horan.

Fraud 52
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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