Cross-industry payment technology provider Worldpay recently launched its Global Payments Report for 2017.
The latest analysis looks at a number of key developments in the sector, including the rise of biometrics, influence of Silver Surfers, the future of bank transfers and the impact of subscription services.
On biometrics (an important development in the travel sector), it says:
"Biometrics are set to spell the end of passwords. The fundamental goal of authentication is to prove that a person is who they say they are.
"Biometrics will become increasingly relevant as Europe mandates stronger customer authentication.
"Of course, just as quickly as a new technology evolves, fraudsters are hot on its heels trying to find ways of bypassing more advanced security checks, and biometrics is no different."
Download the report here.
PhocusWire interview with Fredo Pen of Worldpay
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