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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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Libra Forces Cryptocurrency Regulators To Reexamine Procedures

PYMNTS

The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. were equally split between regulatory compliance (69 percent) and reputational risk (69 percent), though reputation was a larger motivation among larger companies. Cloud-based KYC activities were among the new technologies most used by U.S.

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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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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. At FICO, our self-calibrating behavioural analytics technology monitors and identifies the normal behaviour of each individual based on their personalised transactions. Much more needs to be done to address it.

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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ABB On How Smart Cities Can Emerge Stronger Out Of The Pandemic

PYMNTS

trillion by 2026, driven by investment in everything from connected street lighting systems to smart electrical grids. Switzerland-based global electrical technology corporation ABB has a very different perspective and has been fieldling more inquiries than usual since the pandemic’s onset. A Renewed Focus on Smart Cities.

Community 236
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Why Spend Management Tools Matter For Field-Based Workers

PYMNTS

The latest Workforce Spend Playbook showcases the shifting spend management solutions landscape and how improved services are affecting SMBs’ in-field expense management, back-office operations and bottom lines. It’s table stakes for anyone operating in an incredibly competitive labor market,” she said. billion by 2026.

Tools 108