What are the next big steps in payments security?
Over the past few years, the financial sector has witnessed the jet-fueled expansion of e-commerce. More consumers flock to the convenience of online and mobile shopping today than ever before, and the discussion surrounding payments security has pivoted from a point-of-sale and EMV focus to that of e-commerce and tokenization. But where are those discussions taking us? What are the next big steps for the payments security landscape in the coming year?
The answer lies in a unified payments front: a healthy mix of industry collaboration and technical innovation.
The Online Shift Continues
The introduction of EMV chip card technology revolutionized payments security, both in the U.S. and abroad, and EMV usage is still on the rise. According to Market Research Hub, the global EMV point-of-sale terminal market is expanding at a compound annual growth rate of 9.9 percent through 2021.
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