Consumer – retailer payments processes require a myriad of partners, internal and external processes, adherence to PCI compliance and PiP requirements, and are expensive to operate and support, as changes are required.
Goals and Objectives
To provide retail customers to a variety of electronic payment options – mobile, digital, one-click, card present and card not present processes – that make payments convenient, safe, secure and simple in the stream of life.
Mobility, Cloud, multi-factor authentication, Biometric authentication, APIs, mobile apps, mobile devices, payment devices, one-click digital apps, managed services, PCI and PiP compliance testing
Use Case Summary
Next generation payments enables the customer to pay anyone, from anywhere, anytime, seamlessly, securely and privately. Retailers will engage the digital consumer with seamless payments in the stream of life – so wherever, however goods are purchased, any barrier to safe and secure payments are removed, increasingly masking complexity at the point of purchase – perhaps by leveraging biometrics and multi-factor identification as the primary digital mechanism to pay for goods, eliminating physical barriers.