Chain acquired by Lightyear, British Airways hack test for GDPR, Why travel payments need an upgrade

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September 11, 2018

Data Privacy

Facebook Privacy And Waning Consumer Trust In The ‘Wild West’ Of Intrusive Apps

When it comes to apps, consumers have become more focused on privacy and security, and a behavior shift has followed, which may have a lot to do with recent Facebook wariness. In a new PYMNTS interview, Karen Webster and Sunil Madhu, founder of identity verification and fraud prevention services provider Socure, dig deep into recent trends and talk about what the future holds for the still "Wild West" of intrusive apps.

 

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Travel Payments

Amadeus On Why Travel Payments Need An Upgrade

Airlines and hotels were among the earliest players to arrive to the online sales table. These days, much of that early infrastructure is delaying travel payments innovation, according to Bart Tompkins, managing director of Amadeus IT Group’s Payments Business Unit. It’s a situation that will have to change soon, he says, because the market is moving on and outmoded payments are becoming too costly to ignore.

 

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Millennial Consumers

Want To Reach Millennials? Embrace Digital Creativity

Engage them. Respect their intelligence. Take advantage of their multiple screens and their large social networks ... cha-ching? Millennials are growing up and earning more money, and that presents opportunities for merchants. Kristen Bailey, chief customer officer for payments and loyalty provider ZipLine, talks about how to reach and retain these no-longer-so-young consumers — and the role that private-label debit can play.

 

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Global Cash Index™

NEW REPORT: In The Middle East And Africa, Digital Payments Face A $1.4T Cash Challenge

Despite digital options, consumers in the Middle East and South Africa still have their hearts (and wallets) set on cash. In fact, cash use in the region is projected to reach $1.4 trillion by 2021, creating an uphill battle for digital challengers. The latest Global Cash Index™ includes over 380 data points, examining cash’s continued stronghold in the region. Plus, Dr. Soner Canko, CEO of Turkish banking consortium BKM, discusses the challenges in pursuing a “cashless” economy.

 

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