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IndustryUpdate

ing unauthorized access to personal bank accounts. tactless payments and the introduction of unified con-
The findings, researchers stated, underscore heightened tactless standards. It also highlights the growing role of
vulnerability despite increased security features. Key generative AI in fraud mitigation and the challenges and
insights show widespread use of smartphones for bank- opportunities associated with card-not-present transac-
ing and social media, with concerning habits like using tions. The forum said its focus remains on collaborative
the same PIN for multiple uses. The study calls for problem-solving and innovation, with ongoing projects
enhanced consumer protection amid evolving threats. addressing such aspects of the payments landscape as
connected car payments, phishing-resistant authentica-
TSG, Discover take a deep dive into SoftPOS tion and secure remote commerce.
SoftPOS revolutionizes the POS market by transforming
mobile phones into POS terminals via NFC, reducing PARTNERSHIPS
reliance on hardware, according to new research from
TSG and Discover. The report, SoftPOS: Next Generation Brite, Shopware offer instant POS payments
Point-of-Sale Solution, delves into SoftPOS technology,
exploring its workings, market status and future pros- Brite Payments and Shopware now offer Pay by Bank
pects. Unlike traditional POS systems, SoftPOS lever- across Europe, enabling instant, secure payments direct-
ages cloud solutions for cost reduction and continuous ly from customers' bank accounts. This integration
updates, offers comprehensive business management leverages Brite's Instant Payments Network, simplify-
insights, facilitates omnichannel operations, and utilizes ing the process for Shopware merchants through a
big data for enhanced customer and product insights, Shopware 6-compatible plugin, Brite stated. Shopware,
researchers stated. which boasts over 45,000 merchants across Europe, said
it sees Brite's solution as a valuable addition to its tool-
U.S. Payments Forum issues kit, enhancing customer experience. Pay by Bank, Brite
Spring Market Snapshot noted, shows promising adoption rates, particularly
among younger demographics
The U.S. Payments Forum's spring market snapshot dis-
cusses key trends, including the continued rise of con-

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