The evolution of payments in retail and the rising importance of security

Customers mode of paying for goods and services has been revolutionized completely in the recent past. From the cash and check dominance to the emergence of digital wallets, cryptocurrencies, and Buy Now, Pay Later products, the payment landscape in retail is more complex and diversified than ever.
With this innovation, the increased threat of security comes into picture. Hacking, fraud, and theft of data are a big concern for both consumers and retailers.