Need a revenue boost? Lock down payments security risks

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Quelling cybersecurity and fraud risks within payments systems can yield significant revenue growth in the months ahead, according to new research from American Banker.

Managing security risk was the top source of potential revenue growth, identified by payments leaders in the report, with 57% of respondents saying improvements in this area will create moderate to significant boosts. Roughly 55% said it would create minimal growth.

Read the full, exclusive research report from American Banker here: Forecasting the Future of the Payments Industry, 2025

Conversely, innovations in open banking would have the opposite effect, according to the 53% of respondents who said enabling open banking capabilities would yield no revenue growth and could possibly lead to a decline in revenue.

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