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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. billion of economic output.

Industry 471
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Deep Dive: How FIs Can Upgrade Authentication Measures To Foil Fraudsters? Open Banking Attacks

PYMNTS

Open banking may soon become table stakes for financial institutions (FIs) — they need to act now and be able to offer it securely or risk getting left behind. There appears to be strong demand for such services, too, with the global open banking market projected to increase in value at a compound annual growth rate (CAGR) of 24.4

Security 151
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Deep Dive: Making Smarter Payments Safer

PYMNTS

They must deliver services that customers and clients demand while securing their personal data. market is seeing an uptick in faster and real-time payments transactions. The market completed roughly 1.3 billion payments by 2026. Data can also be collected in a two-sided market mechanism. billion per week in 2014.

Payments 180
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Amazon Sizzles, CX Border Fizzles And Humans Win One Against The Machines 

PYMNTS

And while robots will certainly be taking some jobs out of the market, it is worth noting that 3.2 Not a bad tally when the transaction count is slated to hit as much as 43 million transactions in 2026, up from 39 million transactions at the end of last year. FinTechs and EU Banks: Unleveled playing field?

Las Vegas 116
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Amazon Vs. Alibaba: How The E-Commerce Giants Stack Up In The Fight To Go Global

CB Insights

in market cap. Alibaba is expanding its logistics network around the world and piecing together subsidiaries to connect the world’s e-commerce markets. Both companies can afford to spend aggressively on expansion as their stocks have soared — market caps sit at $720B for Amazon and $483B for Alibaba.