No doubt about it, the payments industry is changing fast. Consumers are buying more things online, while many brick-and-mortar retailers struggle to find ways to bring foot traffic through their doors. During the daily commute, a customer can pay for a morning cup of coffee from an app on a smartphone and, later, just walk into the coffeehouse, pick it up, and walk out. Even our credit cards have fundamentally changed: They are now inserted, not swiped, so payment terminals can read unique encrypted codes generated by embedded chips.
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