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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. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card.

Industry 471
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5 Ways Digital Payments Will Change FIs and Fraud in 2023

FICO

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 What scammers see here is a big patchwork of payment options that offer a way to take money directly from consumers, and that change popularity with the social media tides.

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. For example, fraudsters are increasingly using social media or infiltrating WhatsApp groups with friendly offers of quick cash.

Fraud 52