The payments industry went through a series of major events in 2019. The year started with a wave of consolidation as major global players began a flurry of mergers and acquisitions that will change the balance of power.
Digital transformation took center stage, as a new generation of challenger banks emerged from
The following are the 10 most read articles of 2019:
1.
The payments industry may be headed for a turbulent period of activity following the surprise deal in which
The agreement caught much of the industry off guard as the merger had not been a subject of industry speculation and may possibly be the largest acquisition in the payments industry.
2. Chime outages illustrate complexities of digtal banking
The outage, which stemmed from a disruption at a third-party processor, and also impacted rival fintech
3. Legislators move to bank cashless payments at retailers, restaurants
The rising adoption of contactless payments in the retail and the restaurant industries is igniting a backlash in multiple cities and states as the business payment model requires customers to use mobile apps, credit or debit cards, and is increasingly eliminating cash payment as a consumer option.
The backlash is related to concerns that millions of unbanked and underbanked consumers will be shut out from the establishments.
4. Automakers expand connected car ecosystem with payment technologies
As integrated payments technology continues to evolve and Internet of Things technology expands the automation of voice control and natural language, the auto industry is increasingly looking at mobile purchasing as another key feature of the connected home experience.
The same technology used to turn off the lights, lower the temperature and secure the front door is being used in car navigation systems, unlocking and starting the car on a winter morning, buying a morning cup of coffee, paying bridge and highway tolls and pre-ordering a breakfast muffin.
5. As PSD2 deadline draws near in
As the mid-September deadline draws closer for a major transition of customer authentication rules for e-commerce transactions in
6. Restaurants, retailers rethink cashless as financial inclusion takes center stage
The growing backlash against cashless retail and restaurants is forcing merchants across the country to rethink their business models, as local and state legislatures have forced an increasingly urgent debate on financial inclusion, innovation and the cost of doing business in a free society.
7.
8. Latin American payments market becomes an emerging target for development
While much of the e-commerce and banking world's attention has been on the rise of cross-border and mobile payment in
9. Worldpay,
Payments industry analysts say the blockbuster
10. Payments fraud remains on the table as PSD2 delay takes hold
As the highly anticipated delay in the implementation of PSD2 takes hold in
Cover image: iStock.
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