PAYMENTS TECHNOLOGY
“ Today we ’ re in the biggest paradigm shift in paytech since the invention of the internet ”
PETER O ’ HALLORAN VICE PRESIDENT , HEAD OF ENTERPRISE AND DIGITAL COMMERCE , EMEA , FISERV
Alan Irwin , VP of Product and Solutions Europe at Global Payments feels it ’ s biometric technology that will help drive the next generation of customer experiences .
He notes : “ The successful deployment of biometric payment methods , such as through facial or fingerprint recognition will lead to great reductions in fraud , as well as enhance seamless authentication processes and tokenised payments that require no manual data input .”
It ’ s clear that technological innovation in payments is boundless today , and the future is set to remain a transformative one . But what is driving payments technology forward now ? What is pushing tech firms to produce the next best thing in the world of payments ?
Payments tech : The forces driving innovation For Finastra ’ s Rodrigues , the key driver to evolving payments technology is the result of evolving customer expectations . “ Consumers , businesses and all participants in the payments ecosystem increasingly demand faster , more convenient and secure payment methods ,” he says .
“ This demand has led to the development of innovative solutions that cater to the changing needs of users who now expect seamless and instant payment experiences .
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