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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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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

Our Top 10 Insights From Money 20/20 From these sessions and announcements, we pulled out ten of our most important takeaways, each having an impact on bank operations in the coming year. This will present some customer experience and technological hurdles for many financial institutions.

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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

The cannabis industry brought in a little over $6 billion in revenue in 2016 — a figure that some estimate will grow to as much $50 billion by the year 2026. Ralston argued it’s a situation blockchain technology is uniquely well-suited to solve. The problem is not in moving the supply. As a point of comparison, U.S.

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APP Scams: What Impact Will the PSR’s Proposals in the UK Have?

FICO

Payment scams reached unprecedented levels last year and look set to double by 2026. It’s notable that the receiving organization may not be another bank but could be another type of financial institution — for example, a credit card issuer. The vast media attention on the various types of payment scams has helped keep awareness high.

Fraud 52
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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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How Fuel Cards Hold Fleets Back From EV Adoption

PYMNTS

The adoption of fleet cards and electronic payment technologies in the fleet industry supports the sector’s push toward digitization and innovation. According to the report, not a single fleet card provider is able to support transactions at EV charging stations across multiple charging networks.

Cards 128
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Uber’s Rough Ride Of A Week

PYMNTS

The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. That lawsuit contains some pretty impressive accusations – like the one that Uber compiled a specialized unit of “ex-CIA” operatives to steal their competitors’ secrets. drivers’ license numbers.

New York 144