Opinions

New entrants don’t pose a disruptive threat to the incumbent cohort of issuers, credit card networks and acquirers primarily because the incumbents — Visa, Mastercard and First Data — are prepared to compete in all segments of the market.

APIs allow businesses in every market to make payments online, quickly extend their own payment functionality and roll out new features with minimal effort, writes David Yohe, vice president of marketing at BillingTree.

Up to now, the most successful fintech firms have tried to fill gaps in underserved market, not replace banks. But a new crop of U.K. startups seeking bank charters is turning up the heat.

A big part of the reason banks find it tricky to attract millennials is that not all millennials are attracted to the same thing.

The incumbents, such as Visa, Mastercard and First Data, are prepared to compete in all segments of the market, writes Subhajit Das, a visiting research fellow at the Christensen Institute from Tata Consultancy Services.

Once considered one of the strongest methods of ID, finger biometrics can now be copied and used to expertly defeat biometric authentication, writes Deepak Dutt, CEO and founder of Zighra.

A handful of underfinanced startups aren’t enough to sink the industry. Community banks will survive digital disruption so long as they concentrate on what their customers want and need.

Cyberattacks are on the rise, but that doesn't mean becoming a victim is inevitable. The right preventative measures and best practices can help secure digital assets and customer data, writes Robert Fifield, co-founder of Payably.

As an industry, payment system providers and other IoT systems makers in all stripes and colors need to shift the paradigm and build in tamper-proof security based on their original configuration, writes Assaf Harel, CTO of Karamba Security.

Customer services are between two human beings. The quality of their exchange is more important than the resolution.