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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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Connected Vehicle Security Takes A Spot In The Front Seat

PYMNTS

It’s hardly news that consumers (along with regulators and politicians) are becoming increasingly focused on privacy and online security. According to one estimate, “about 50 million internet-connected cars operate on U.S. And, as PYMNTS has documented , one of the main questions there is who is really responsible for IoT security.

Security 119
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Virtual Assistants Join The Corporate Finance Team

PYMNTS

Artificial intelligence adoption continues to grow in the corporate world, and as businesses look to broaden margins, save money and drive strategic operations, the finance department is a prime target for AI-powered solutions. Polaris Market Research says intelligent virtual assistant technology is expected to be a $21.5

Analytics 147
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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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Healthcare Looks To 5G For Cost Control

PYMNTS

Engaged consumers are better consumers, and they tend to show more loyalty to businesses or other operations, including hospitals and other healthcare providers. Even beyond any rural-urban divide on 5G, the deployment of the technology will present other challenges and opportunities, including in the area of security.

Analysis 196
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Deep Dive: How Escrow Solutions Build Digital Marketplace Trust

PYMNTS

Escrow solutions are widely used in the real estate market to hold funds for property-based transactions until both parties are satisfied with the terms and costs. . Digital marketplaces like Craigslist and Facebook Marketplace use API-based solutions to introduce escrow offerings into their operations. Approximately 42.7

Tools 108
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Libra Forces Cryptocurrency Regulators To Reexamine Procedures

PYMNTS

A 2019 study underscored this point, discovering that even though the AML software market is slated to grow 15.25 percent from 2019 to 2026, the technologies’ high costs and lack of skilled IT professionals prevent the market from doing so more quickly. Cryptocurrency and Blockchain.