This is a roundup of industry news and links for the week of May 28th that have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
The future of Biometrics in NextGen Payments – How will consumers use biometrics for payments in the future? With the advance of face, finger, and voice identification, biometric technologies will be integrated with IoT devices to provide a better customer payment experience.
Employee Spotlight: Caren Huck, Release Coordinator – Caren received her Bachelor’s of Business Administration from the University of Phoenix, Houston Campus. She began her career in financial services as a personal banker at a local bank in her hometown of Wheaton, Illinois. Caren says the most enjoyable part of the job was balancing people’s checkbooks, which she still enjoys to this day.
How credit card issuers are prepping for the next downturn – A slump in U.S. consumer credit is inevitable, and the key question is when it will arrive. Is the next turn in the credit cycle right around the corner? Or is it still years away?
The answer has big ramifications for the $1 trillion credit card industry, which has enjoyed unusually strong profits in the post-crisis period, but typically suffers during recessions.