In the first month, PaymentEye has explored several key trends. We have covered Big Data being a game changer in the world of mobile payments, contactless technology going from strength to strength, particularly in the world of transport, and cash having too many benefits to disappear.
The infographic below contains the key payment predictions made by Ingenico and includes things such as the omni-channel strategy becoming reality, payments security continuing to be a major issue and retailers will become more interested in unattended payment solutions.
Contactless cards made up 22% of all card transactions in the UK in September, according to the latest figures from the UK Card Association. Payment card spending grew by 0.6 per cent in September to reach £54.7 billion.
Google's Android Pay is getting into the festive spirit in the UK by introducing some Christmas rewards on its payment app. It also announces better interaction with Transport for London and Uber.
Nearly half of UK online shoppers abandon online baskets at checkout if preferred payment method not offered
New research from e-payment specialist PPRO group has found that a third of consumers (31%) criticise merchants for not offering their preferred payment methods while just under half of consumers (47%) actually abandon their online shopping baskets and go shop elsewhere as a result.
As the countdown to Christmas begins, Jim Wadsworth, managing director at Accura, pinpoints five ways businesses can prevent fraud and avoid targeted risks.