2017 Outlook: Emerging Technologies

Three new technologies are vital for payments.

Three technologies need to be embraced immediately by the payments industry. They are tokenization, machine learning, and APIs. These three are important to consider when making any investment plans in specific strategic areas. Three more technologies will most likely affect the future of your organization but do not, broadly speaking, need immediate implementation—unless your institution is ready to invest in them now. They are biometrics
(eliminate passwords), mobile OS and blockchain.