Payment processing

As 2020 dawns, a new decade will soon bring new levels of friction for contactless customers as a result of Strong Customer Authentication (SCA), a key part of the European Union’s drive to reduce card fraud across Europe.

The big acquisitions of 2019 have created an environment for more deals to come, says FICO's Tim VanTassel.

Innovation is showing little sign of slowing, creating both myriad benefits and risks moving ahead, says Visa's Paul Fabara.

In the same manner as customer-interaction tools can integrate into a point-of-sale terminal, NCR Corp. is ready to turn the POS screen into a virtual business office.

Consumers face significant risk if this highly personal information is exposed, says Mitek's Stephen Ritter.

With the cost of processing business transactions remaining stubbornly high, a number of U.K. fintechs are working to facilitate open banking payments, a method which could soon enable consumers and businesses to make faster payments at a lower cost.

The first line of defense is to not pay the ransom. Then a layered approach to security and recovery plan can ward off the crooks, says Nominet's Stuart Reed.

To compete and remain relevant in 2020 and beyond, organizations must rapidly develop, test and deploy innovative new products and services in increasingly larger amounts, says Paragon Application Systems' Steve Gilde.

PNC Bank has made it more difficult for its customers to use Venmo, and although competition plays a role, the bigger issue is the expanding risks financial institutions face when sharing data with third parties.

Fiserv has sold a lockbox processing unit to Deluxe, the second such acquisition for Deluxe in as many months.