The dynamic payment and card solution market continues to expand due to the high penetration of smartphones and the adoption of mobile payment applications. Factors such as evolving customer expectations, technological advances, and robust infrastructure are creating growth opportunities for the market. Further, supportive government policies and initiatives to promote digital transactions are boosting the adoption of payment and card solutions. The speed and convenience of online shopping have altered customer expectations about the immediacy of transactions. Today, customers expect faster transaction services from all the sectors, and smartphones have enabled users to access an ever-increasing range of services through mobile apps. The rapid change in the payments space due to the development of real-time and blockchain payments have disrupted traditional payment model. This has eventually opened various avenues for cyber attackers, but progressive changes in regulatory frameworks are expected to curb down these attacks. For instance, payment processing solutions are utilizing machine learning and artificial intelligence technologies to prevent fraud and can be easily integrated with point of sale systems. In this edition of Banking CIO Outlook, we bring you the story of some leading payment and card solution providers that deliver the best outcomes for their clients. This edition also offers a combination of thought leadership from subject matter experts with real-life stories on fostering robust partnerships and exclusive insights from CIOs and CXOs. We hope this edition will provide you with the right assistance in choosing the best payment and card solution providers according to your requirements.Let us know your thoughts!Copyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Contact Us:phone:510.402.1463Fax:510-894-8405Email:sales@bankingciooutlook.comeditor@bankingciooutlook.commarketing@bankingciooutlook.com OCTOBER - 2020, Volume 06 - 07 (ISSN 2644-2418) Published by ValleyMedia, Inc. To subscribe to Banking CIO OutlookVisit www.bankingciooutlook.com Editorial StaffSalesT:510.402.1464Annie Mathewsannie.mathews@bankingciooutlook.comVisualizerVictor Cruz Issac GeorgeManaging EditorJames RobertsonRebooting Banking Strategies for Better FutureJames RobertsonManaging Editor editor@bankingciooutlook.comCarolynn WaltersJustin SmithJoseph MichaelEditorialKenneth ThomasRussell ThomasPaul Barber*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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