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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. Vendor and payment companies alike are seeking and creating solutions to provide their customers with the most secure digital payment experiences possible.

Industry 471
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5 use cases for the booming open banking market

BankInovation

billion by 2026, at 24.4% As the banking industry continues to innovate and as the lines between fintechs and financial institutions continue to blur, open banking is booming, with the market size estimated to reach $43.15 CAGR, according to Allied Market Research.

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

South State Correspondent

Generative AI: Traditional AI was ever-present in touted solutions regarding fraud, risk management, and the customer experience. This will present some customer experience and technological hurdles for many financial institutions. However, of course, it was generative AI that remained at the peak of the hype cycle.

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Is This The End Times For Brick-And-Mortar Retail?

PYMNTS

A longer-term retail outlook, this one from investment firm UBS , said that an estimated 75,000 brick-and-mortar stores are likely to shut down by 2026. That’s because over the last half decade, customers have been trained that walking into a store isn’t nearly as satisfying or productive an experience as shopping online.

Retail 179
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Deep Dive: Making Smarter Payments Safer

PYMNTS

In this month’s Deep Dive, PYMNTS examines how data can improve customersexperiences, and how regulations can keep their data safe. billion payments by 2026. Concerns about who is accessing data, and why, persist as it becomes easier to obtain. More Data, More Innovation. Some of the benefits can be seen in the U.K.

Payments 180
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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 Buy-Now-Pay-Later Will Win on Customer Experience but Needs Enhanced Security. And PYMNTS.com says the U.S.

Fraud 52
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Deep Dive: How Restaurant Operators Are Driving mPOS Evolution

PYMNTS

The global POS restaurant management systems market is expected to reach $30 billion by the end of 2026, representing a compound annual growth rate of 12.4 Customers who are dining in will still require the same attention and care they have always received, even if most now come from outside channels.