Source: CFO Tech Outlook

A whirlwind of technology and business model creativity is reshaping how customers make payments and how companies accept them. Major technology companies and electronically-based start-ups have introduced dozens of new services and products that challenge existing bank-controlled revenue pools, payment networks, and merchant acquisitions.

In most nations and among each consumer group, this revolution appears to escalate. Payment companies will have to accept the chaos and face the consequences. By face-to-face challenges, well-prepared and flexible merchant acquirers can turn the disorder to their benefit.

There are causes for encouragement, despite the obstacles. Transactions are a large…

Karen George

Latest technology trends and happenings in various industries.

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