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Top Five Online Payment Trends to Look Out For in 2019

2019 is seeing a bevy of threats casting their dark shadow over the burgeoning online payment world. However, the emerging trends also bring new weapons to fight this menace. Payment service providers and merchants need to be acutely aware of the these trends to make sure that nothing derails their online payment system.

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Top Five Online Payment Trends to Look Out For in 2019

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  1. Top Five Online Payment Trends to Look Out For in 2019

  2. In Order To Provide A Secure And Efficient Experience To Online Buyers, It Is Important To Look At The Following Online Payment Trends.

  3. Mobile Payments Reign: There Is An Increase In Mobile Payment Scams As Evidenced By The Proliferation Of Mobile Phishing Sites. Online Payment System Providers Need To Take Proper Remedial Measures.

  4. Massive Data Breaches Become Commonplace: The Use Of Artificial Intelligence And Bots Makes It Easier For Hackers To Undertake Massive Data Breaches. Websites And Payment Gateway Providers Should Ensure That Their Information Is Safeguarded Appropriately.

  5. Apps Go Rogue: Hackers Are Now Increasingly Focusing On Mobile Apps To Steal Data And Financial Credentials. Lately, There Has Been A Spurt In The Number Of Apps Getting Kicked Out Of App Stores For Containing Malicious Codes.

  6. ATOs Proliferate: Account Takeover Is A Type Of Data Theft Where A Hacker Uses Bots For Gaining Illegal Access To A Victim’s Online Payment Account. It Is Expected That Such ATO Attacks Will Become More Commonplace And More Sophisticated In The Future.

  7. Focus on Behavioral Biometrics: The Providers Need To Incorporate New Changes In Their Authentication Process. One Such Emerging Trend Is To Use Behavioral Biometrics For Identifying Potentially Risky Accounts.

  8. It Is Important For Service Providers To Analyze The Emerging Threats And Design New Policies To Effectively Counter Them.

  9. Thank You !Would Love to Hear From You PayTabs Office No. 3505, Concord Tower, Dubai Media City City: Dubai Country: United Arab Emirates Email: paytabsuae@paytabs.com Phone: 971 4 557 8920 Mobile: 971 55 280 5739 Website: https://www.paytabs.com/en/ Know more about- Top Five Online Payment Trends to Look Out For in 2019

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