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April 2018

Payments Technology

Sectorwatch

As consumers continue to move toward mobile-based digital solutions, payment technology continues to evolve to provide a secure and frictionless means to transact. Artificial intelligence will be a key focus going forward as voice activated payment generation is made possible.

Last month Google announced the ability to send or request money from your contacts on your Android device or iPhone. Apple began letting people make payments through Siri late last year. Amazon will certainly follow with the use of its voice-activated assistant, Alexa.

With the expanding use of mobile devices and AI for payments, an emphasis on fraud prevention with the use of robotic process automation and machine learning will continue to evolve.

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