Where are the biggest opportunities in retail, payments, and fintech?
This year has seen major advances in financial technology (“fintech”), retail globalization, and payments technology, to name a few. It is a great time to take a look at some of the important developments in 2014 and try to analyze how they might impact the world of payments and retail in 2015 and beyond.
Read more about what to expect in 2015 exclusively on Bobsguide.com.
Hackers and fraudsters are forever thinking up new ways to obtain credit card and payment information for personal profit, and merchants all too often make their jobs easy for them. For example, just a few weeks ago, two analysts discovered security flaws on Alibaba.com that may have exposed the personal data of millions of people. So why, after 30 years of B2C ecommerce activity, is payment fraud still so prevalent? And more importantly, what can be done to stop it?
2014 was the year of the data breach. From Target to JP Morgan to Sony, hackers ramped up their activity this year gathering as much information as they possibly could. This past year also saw the introduction of Apple Pay and the reinvigoration of mobile payments, and the Merchant Customer Exchange, setting up another round of battles between financial institutions and retailers. But what will 2015 bring?
CardNotPresent.com asked CEOs and top executives from payment companies and merchants around the world what they thought were the most important issues, trends and challenges facing the card-not-present payments industry. Here are some of the best opportunities and thorniest problems in the coming year.