Today, smartphones can scan faces, artificial intelligence can prevent human error, and a payment can be made in the blink of an eye. Demand for these types of technologies is increasing, particularly in the payments industry.
Payments technologies must adapt quickly to keep up with rapidly changing consumer demands. Over half of U.S. shoppers would stop a purchase if the checkout process is complicated. Fifty-three percent of shoppers view the security of their data and money as most important when choosing a payment method.