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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.

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Pride Vendors Look To Triple Sales With mPOS

PYMNTS

percent between 2017 and 2026. Companies across the globe are innovating their mPOS solutions for faster, more secure services. This is especially true in North America, where consumers are still heavily reliant on plastic cards and cash payments. Around the Mobile Point-of-Sale World. In markets like the U.S.,

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How the youngest consumers could secure the future of cash

NCR

In our rapidly evolving digital world, it’s the youngest members of society who will drive change, dictate the shape of things to come and embrace new technologies. Across every age group, cash purchases were more common than credit card transactions, and despite popular belief, cash is not yet dead. Image: iStock/Ozgur Coskun.

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5 Ways Digital Payments Will Change FIs and Fraud in 2023

FICO

Since we are in the early stages for many new payment technologies, the steps FIs take in 2023 will shape how these new payment markets unfold. real-time payments market alone hit about 2 billion transactions this year, but should grow to 9 billion transactions in 2026, worth more than $10.5 And PYMNTS.com says the U.S.

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Uber’s Rough Ride Of A Week

PYMNTS

At the time, Uber – at the directive of its chief security officer – hid the breach and paid hackers about $100,000 to destroy the data. The ride-sharing company said that no Social Security numbers, credit card information, trip location details or other data were taken. drivers’ license numbers. By comparison, U.S.

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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.

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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