EXECUTIVE INSIGHT: Navigating Payment Security Challenges Now and in the Future
What are some of the biggest trends in payment security and compliance solutions that you expect to see in 2019 and beyond?
GUIDO SHULZ: One major trend is the significant influx of millions of contactless cards into the U.S. market this year, combined with a very strong push by Visa and MasterCard to promote contactless payments for speed and security. Both card brands are introducing specific authorization success sounds and symbols for chip readers to play and display to confirm to the cardholder that their tap-to-pay transaction was successful. As more and more contactless cards enter the market, we expect to see an increased demand for consumer-facing PIN pads that will accept EMV contactless payments from contactless cards and smartphones alike.