Friday October 21, 2016

Intel Brings Tomorrow’s Payment Solutions to Market

At this year’s Money 20/20, a leading payments and finance tech event, Intel and its ecosystem partners will demonstrate innovative solutions to enable seamless and secure payment transactions. Their work stretches from optimizing PC shopping experiences to delivering new approaches to managing cryptocurrency.

Digitalized services and seamless payment experiences make it easier than ever to buy what you want, when you want it. But with this purchasing ease آ– and the benefits it offers consumers and merchants آ– comes new risks and threats. Intel is working with device makers and payment solution providers to integrate hardware-level security offerings to meet consumers’ growing expectations while creating best practices to reduce the risk to personal data. Mobile and PC technology is evolving to better support merchants that utilize point-of-sale (POS) systems and customers who want a smooth online shopping experience. The use of proximity mobile payments, for example, is expected to double in 2017. According to eMarketer, the value of online sales via mobile devices or computers will surpass brick-and-mortar stores by 2019.