The evolution of the ways to pay

first_imgDuring the recent CUES Webinar, “Preparing for the Ever-Evolving Digital Wallet,” Sundeep Kapur told attendees that the future of money will include electronic payments, encrypted payments, credit card company innovation, and mobile wallets.“As an industry, we have seen a lot of this innovation come to market already,” explained Kapur, consultant and founder of Digital Credence. “While some have been successes, others have failed. The digital wallet will continue to evolve as new currencies and faster payment methods are developed.”Here are four things to consider as payments move forward:1) Technology innovation – As CUs make technology decisions, they need to remember that people can now move money in seconds. In addition, faster payment networks and big data are leading to a more personalized digital banking experience. “We’re learning that businesses and consumers prefer mobile as a medium of transaction which can be leveraged,” he said. “Many of us have gone to a retailer who offers to send you a digital receipt. Do you offer this to your members when they make a transaction at a branch or an ATM?” continue reading » 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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