It seems only yesterday we were welcoming in the start of 2014, wondering which payment talking points would dominate the agenda during the months ahead. Yet now we’re starting to form our next batch of New Year’s resolutions – and putting a new set of payment predictions together – for 2015.
There are of course still two months remaining this year, and things can change quickly in the world of payments. However, we’ll be given an insight into some of 2015’s hot topics at the upcoming Cartes Secure Connexions event in France, which takes place between 4-6th November.
Digital dominates the programme at Cartes this year, which is no surprise considering the exponential rise of mobile usage within retail. Much of the discussions will be surrounding location technologies such as iBeacons and NFC; it will be interesting to hear the industry’s thoughts not just on how geo-based connectivity will transform consumer relationships, but how it will impact shoppers’ payment preferences.
The future of currency will also be under debate, focusing on cryptocurrencies and mobile wallets. Bitcoin is sure to provoke strong reactions – PayPal founder Peter Thiel recently proclaimed his scepticism towards it – while Apple’s announcement of its first mobile wallet has reignited concerns surrounding ‘tap to pay’ security.
On the subject of protecting customers’ payment information, recent breaches for major US retailers such as Home Depot and Kmart have put the issue of data security as a whole under the spotlight. It’s interesting, though, to note that most of the Cartes sessions focus on rebuilding and maintaining customer relationships, rather than how to minimise the risk of information compromise. This is a subject we have discussed at length in our online community, The Payments Network.
Though we’ll have to wait a few more weeks to see exactly what unfolds for the industry in 2015, the Cartes programme has highlighted one interesting issue regarding the future of payments: we might be reaching new levels of sophistication and digital interactivity, but at the same time we’re still trying to address age-old concerns.