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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

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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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RILA On How United States Retailers Are Responding To Changing Privacy Rules

PYMNTS

Retailers rely on access to online buying, browsing and purchasing habits to market their goods or services and personalize existing customers’ experiences. Every interaction is increasingly important because you are not just appearing as a retailer interacting with the market [or] just competing against fellow retailers.

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TRENDING: How Credit Unions Give Digital The Personal Touch

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Advanced technology is increasingly raising the stakes of how CUs should operate, with members coming to expect the instant payments and slick mobile interfaces that large banks and FinTechs have made standard. Allison Videtti, director of marketing for digital-focused Alliant Credit Union , believes it has come at the cost of personal touch.

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Restaurant Ordering Apps, Cloud Technology, Cash Hoarding Top This Week’s News

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We have deep dives into in-house restaurant ordering apps and cloud technology, as well as a report on banks running short on large bills amid the coronavirus crisis. The drop in the stock market has led some banks to run out of big bills as clients reportedly arrived take as much money out of their accounts as they could.

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China Could Launch Its Own Crypto To Counter Libra

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Facebook announced last month its plans to launch its own stablecoin, which has already found backing from over a dozen companies, including Visa , Mastercard , PayPal Holdings and Uber Technologies on it. The social media giant explained that Libra will be linked to different fiat currencies and government bonds.

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Luxury Retail Steps Up Its Offline And Online Game

PYMNTS

Meanwhile, luxury brand Burberry has teamed up with Tencent in China to offer a “social retail” store to take advantage of China’s online shopping trend and capture more of the luxury market in the country, according to a report by Reuters. Last year, the global jewelry market rose 7 percent and was worth roughly €18 billion.

Retail 131
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The Value of Data and 5 Things We’ve Learned From COVID-19

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Just google “COVID statistics” and it returns 4,770,000,000 websites with its own dashboard automatically reflecting the state you are in and United States population (assuming you are in US). Now here are the most trusted datasets that I personally use based on who they are and what they do: CDC COVID tracker.

Data 354