Online trust requires a context-based understanding of who we transact with. Attributes about us are needed to build that trust, but in many transaction contexts we share more than we need to.
This episode of Payments on Fire covers two topics – payments in Atlanta and the essential challenge of online authentication and identity.
The rise of Chinese mobile payment systems is the top global mobile payments story of the last few years. Alipay and WeChat Pay serve hundreds of millions of users with payments, loyalty programs, merchant coupons, and more.
Mid-market financial institutions have enormously strong relationships with their banking customers. But their size makes home grown IT difficult because it is simply too hard, and too costly, to meet all the B2B finance needs of their enterprise customers.
“Digital cash” has been a dream of the internet age for, well, almost the entire internet age. That goal requires instant payment settlement. It’s more than just sending a message that a payment has happened; it means the money has actually moved.
Episode 69 is all about how the PCI Security Standards Council is responding to changes in security technology and how it is expanding its role and technology coverage across important new geographies. If payment security is on your screen, join Glenbrook’s George Peabody, partner and host of Payments on Fire, and Troy Leach, CTO for the PCI Security Standards Council as they discuss standards under development like PIN Entry on COTS, other new tools to mitigate data breach risk, and the Council’s work in Latin America, Asia, and India.
Digital identity is a crisp sounding term that belies a complex layer of concepts. There is identity proofing, identify verification, identity assurance. Each addresses one element of the many questions raised by digital identity.
Voice is the natural user interface and the robots are coming to take it on. Enabled by high volume consumer devices like Amazon Echo, Google Home, Apple’s Siri, and powered by artificial intelligence engines like Amazon’s Alexa, Google Assistant, and Apple’s Siri, we are headed toward making voice-enabled commerce and payments a common experience.
Payments innovation runs at multiple speeds. Changes in how a payment is initiated happen almost every day. Payments infrastructure change is a lot slower. But it’s happening. Nudged forward by the Federal Reserve’s Faster Payments Task Force, we are seeing the launch of the first entirely new payments system in decades.
Once upon a time, text messaging systems didn’t interoperate. But when they did, usage skyrocketed. Many of the world’s mobile money payment systems still operate within that old “walled garden” model, limiting the ability of citizens in areas like Southern Africa to send money home to family, pay utility bills, and, most important, enjoy the benefits of an national economy that is payments enabled.
