PAYMENTS extensions of virtual cards have enabled them to be used in a Digital Wallet , such as Apple Pay or Google Pay .”
It ’ s clear the ability to instantly issue a card into a Digital Wallet now unlocks new payment use cases , particularly for businesses .
Card innovations : Security top of mind Cybersecurity is vital in today ’ s digital landscape and credit card innovations in this space – notably dynamic CVV codes – have made credit card payments all the more secure .
These codes are easier for issuers , too . They can generate new , three-digit codes as opposed to new card numbers – particularly for single-use cards . “ This balance of security and convenience makes dynamic CVV codes a highly effective solution ,” Eoghan goes on . “ They protect against fraud and unauthorised transactions while ensuring a seamless user experience , paving the way for broader adoption of secure payment technologies .”
Other options are coming to the fore in payments security , namely biometric authentication , which many consumers use daily when making purchases from mobile devices .
For Eoghan , biometric payments – while not a cure-all – can increasingly be seen as a solution to growing issues of fraud and theft in payments .
He says : “ By using unique biological traits like fingerprints or facial recognition , biometrics offer a secure and user-friendly method of
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