Why Banks Must Be Ready for a ‘Less-Cash’ (But Not Cashless) Future

An article in The Financial Brand quotes DataArt experts on digital payment security issues and the rapid adoption of real-time payment systems.

«Many financial entities are moving over to the cloud in a bid to beef up security. While still a new option, cloud services have proved to offer robust security which makes it possible for payment processors to get the green light from [regulators].»

«The tremendous changes taking place in RTP systems are rooted in the proliferation of smartphones, P2P apps, social pay, digital currencies, biometrics, and real-time settlement systems.»

Original article can be found here.

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