Hudson Technology Systems

Major credit card companies like AMEX, Discover, Mastercard, and Visa dropped the requirement to sign for charges like we see in restaurants back in 2018. But still, we end up still signing these receipts over and over again. Why exactly? Oyin Adedoyin in Wall Street Journal details the reasoning behind the scribbles and why we still sometimes sign for purchases. #CreditCards #Payments

The United States is in a race with the rest of the world when it comes to instant payments. Customers on a global scale are hungry for these payment opportunities as evident in this data from The Clearing House. Instant payment adoption will ignite the fire to new revenue streams for businesses and appease a demanding customer base. Steve Cocheo of The Financial Brand discusses the necessary steps for the U.S. to get instant payments right and what examples will serve as the blueprint to get them right: https://lnkd.in/ei5DEXjH #Payments #Trends #Banking

The growth of eCommerce transactions and digital payments is going to inevitably come with monumental figures of fraud. Research says that “merchants worldwide will lose more than $362 billion to online payment fraud between 2023 and 2028.” Knowing these figures are very real and threatening, AI will have to step up to the plate to try and mitigate the losses. AI has already proven to be a powerful weapon in risk prevention for digital payments and transactions. If businesses want to keep themselves on the best possible track, they’ll explore the AI tools to keep them safe. #AI #Technology #eCommerce #Payments

We believe that caring for our team's well-being is essential for our company's success. Whether introducing new healthcare benefit plans and wellness initiatives or bringing everyone together for our on-sites, investing in the health and happiness of everyone at Hudson is a top priority. #PeopleFirstCulture

This past week, we wrapped up our team on-site, filled with good collaboration, conversations, and fun! Thankful for everyone’s hard work on their insightful presentations and for making Hudson the best company it can be! 👏 #TeamOnsite #CompanyCulture #Collaboration

For fintech companies, you want to ensure your customers reach their goals with your platform and solutions with minimal effort and time. A user experience that has a simple ease to it, yet packs a major punch is the mission more times than not. As Steve Jobs once said “It takes a lot of hard work to make something look simple” pertaining to UX design. This is what fintech companies are tasked and it will determine their standing in the marketplace. Want to have customers coming back for more and more? Make their lives easier! #UX #Fintech #Technology

Frequent travelers are more likely than not quite savvy individuals when it comes to modern tech. Some recent data backs this up. “74% of travelers said they regard digital wallets as essential to their experience, specifically pronounced among affluent and millennial travelers, with use rates at 83% and 82%, respectively.” Digital wallets give travelers in new locations greater peace of mind and convenience than your traditional physical wallets. We know how it can be. A lot of stuff to carry but too much on your mind for the trip. Digital wallets are essential in this respect and they’re also introducing themselves to customers in a great way! #DigitalWallets #Payments #Travel

October we stay busy with pumpkin carving and apple cider but it’s also a time for us to stay busy with our cybersecurity. This month is officially #CybersecurityAwarenessMonth and a strong reminder to businesses of the importance online security plays in their success. Now is the time if your business has yet to do so already – prioritize your security investments and do so year-round! #Cybersecurity #Security #October

This past month Chase customers went viral online for conducting a “Chase Money Glitch” that would fill their checking account with mass amounts of funds. Their negligence did not allow them to see that this is actually a form of wire fraud and now Chase is beginning to report them to authorities. Sooner rather than later, they’ll be receiving a knock on their door. #Chase #FinancialFruad #Fraud

The FDIC is now telling banks they must keep a record of their fintech customers in order to gain better transparency for “customers’ identities and balances.” This move comes following the Synapse collapse which left customers out to dry and “cut off from $300 million of their own money.” Efforts such as this are meant to ensure that will never happen again. #Fintech #FDIC