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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. A biometric payment is a point-of-sale technology that authenticates payments by pairing a payment card with a physical identifier of the cardholder.

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The Future of Checks – Tales From The Crypt

South State Correspondent

The rise of card-not-present transactions for phone and then e-commerce, starting in 1994, cannibalized check volume, as did Paypal, retail ACH for phone and internet transactions in 1998. The debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash.

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Pride Vendors Look To Triple Sales With mPOS

PYMNTS

percent between 2017 and 2026. Some companies, such as French sporting goods retailer Decathlon , are turning to QR codes as they expand to new markets, notably the U.S. This is especially true in North America, where consumers are still heavily reliant on plastic cards and cash payments. Around the Mobile Point-of-Sale World.

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Consumer Credit Update for 2Q 2023

South State Correspondent

Home equity lines of credit (HELOCs) and bank card usage are up 24% and 17%, respectively. We should see a slight increase in production in 2025 and 2026 driven by lower rates. Consumer Credit – Cards There is a shift of capital occurring to the prime tiers of cardholders. Unsecured personal loan usage is up 21%.

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Generation Z And Omnicommerce

PYMNTS

After all, if people aren’t carrying bills – or even cards – with them, how will traditionally non-digital retailers keep up? The Vantiv Omnicommerce Tracker TM , powered by PYMNTS.com , features industry-spanning research and insights that arm retailers with data to make smarter decisions for enabling omnichannel commerce.

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Today In Data: Intelligence Of Things Pushes Innovation

PYMNTS

The contactless payment-enabled smartwatch will allow its users to make payments before, during and after their workouts, all without having to carry a wallet, payment card or smartphone, and all with just the flick of a wrist. Here are the numbers: 1.8 million | Expected number of wearable devices that will be sold this year, a 16.7

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Is India’s ATM Disappearing Act A Digital Payments Boon?

PYMNTS

That comes as eCommerce is slated to be worth as much as $200 billion by 2026 , according to Morgan Stanley estimates, growing at 30 percent, compounded annually. The card giants still have the lion’s share of monthly payment transactions in terms of value. Greenfield Opportunity For Payment Heavyweights.

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