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big data

Posts with tag „big data“

October 18, 2019

Faster, Smarter, More Comprehensive: 4 Ways That 5G Networks Will Revolutionize Payment

Everybody is talking about the new super-fast 5G connection standard – but the huge potential of 5G for payment has hardly been discussed so far. 5G will revolutionize the way we shop, pay and use financial services in the future, and we’ll show you how. We’re on the cusp of the fifth major revolution in mobile telecoms – and it’s...
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October 2, 2019

Success Factor Smart Checkout – How New Technologies Can Improve Efficiency and Shopping Experience

On the Wirecard blog, we are always curious to see the perspective of external experts. In this guest article, Mathias Gehrckens, Managing Director at Accenture Consulting and retail expert, highlights six ways to digitize checkout in brick-and-mortar stores. [caption id="attachment_2979" align="aligncenter" width="947"] Terminals for self-checkout, as seen at Edeka Paschmann, are just one example of what retailers are currently experimenting...
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February 8, 2019

pex19: How to make a Light Bulb from a Candle – Learnings from the Payment Exchange

What are the topics, challenges and trends that currently occupy the payment industry – and what are the experts’ answers?  These are precisely the questions that this blog regularly deals with. However, to get the bigger picture, the Payment Exchange, or PEX for short, is the place to be. Not long ago, PEX took place in Berlin and was organized...
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February 5, 2019

How Technology Changes Chinese New Year – Stimulating a Big Appetite for Food Ordering

Intelligent technology that brings concrete benefits to users changes everything - even a traditional holiday that is thousands of years old. The important Chinese New Year family holiday that started today highlights a huge trend made possible by technology that has gripped the whole of Asia: the food order boom. Find out why more and more people order food online...
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January 17, 2018

The Payment Megatrends:
Artificial Intelligence

Artificial Intelligence (AI)? Some may think of Hollywood movie-inspired dystopian future worlds, but what was considered a technical utopia a few years ago, has now become reality – although it comes in a subtler form. In fact, AI has already arrived in our everyday world: Just think about your e-mail spam filter, natural voice recognition, online shopping recommendations – or...
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July 10, 2017

WeChat Pay points the way – from mere payment to customer interaction channels

The history of payment is strongly linked to the history of civilization. It’s still evolving and now we’ve entered the phase of mobile payment. China takes the lead – e.g. with its payment solution WeChat Pay which is outstanding in many ways. When thinking about the history of payment, we’ve come a long way. We already talked about it more...
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June 1, 2017

Why and How Artificial Intelligence is shaping the Future of Retail

The new power of today’s businesses is data. Learn more about where the key potentials for retail are. For a long time, the dynamic of economic growth was mainly based on technical, physical or software innovations. A functional, durable and well-conceived “hardware” and “software” were at the center of customers’ and companies’ attention. But this is no longer enough: In...
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May 22, 2017

How to Effectively Use Big Data Streams from Customer Touchpoints

Learn more about how to increase profitability of sustainable customer relationships via Smart Data: In times of growing digitalization, today’s customers are more empowered and connected than ever before. Order new shoes with advice from family or friends while taking the bus to go to work – this is already the new normal: Today’s customer wants to buy anything anytime from...
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February 10, 2017

Dynamic Fraud Prevention: It’s All About Combining Historic and Real-Time Data

As online fraud becomes more pervasive, merchants need to strengthen their defences against potential cyber thieves – by extending classical risk tools Online commerce has been steadily growing over the past years. Although ecommerce provides merchants with significant gains and consumers with the added comfort of making purchases in a real-time fashion, fraudsters are becoming increasingly sophisticated and more efficient...
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