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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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5 Ways Digital Payments Will Change FIs and Fraud in 2023

FICO

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. Buy-Now-Pay-Later Will Win on Customer Experience but Needs Enhanced Security.

Fraud 52
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APP Scams: What Impact Will the PSR’s Proposals in the UK Have?

FICO

The vast media attention on the various types of payment scams has helped keep awareness high. 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.

Fraud 52