{"id":5096,"date":"2018-07-03T15:40:00","date_gmt":"2018-07-03T15:40:00","guid":{"rendered":"https:\/\/www.darkreading.com\/threat-intelligence\/consumers-rank-security-high-in-payment-decisions\/d\/d-id\/1332211"},"modified":"2018-07-03T15:40:00","modified_gmt":"2018-07-03T15:40:00","slug":"consumers-rank-security-high-in-payment-decisions","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/consumers-rank-security-high-in-payment-decisions\/","title":{"rendered":"Consumers Rank Security High in Payment Decisions"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/twimgs.com\/nojitter\/darkreading\/dr-logo.jpg\" class=\"ff-og-image-inserted\"\/><\/div>\n<header>\n<\/header>\n<p><span class=\"strong black\">Security is a top priority when it comes to making decisions on payment methods and technologies.<\/span> <\/p>\n<p class=\"\">In the list of considerations for how to pay for purchases, the security of the transaction method tops cash back and loyalty points for most consumers. That&#8217;s the conclusion of a recent major payment industry study, reinforced by separate results from new private research.<\/p>\n<p>The &#8220;2017 TSYS U.S. Consumer Payment Study,&#8221; the latest annual version of research conducted by the payments provider, indicates that security is a top-of-mind issue for the majority of consumers. Regarding a question about moving to electronic wallets on smartphones, the study reports, &#8220;Consumers continue to be most interested in mobile features that allow them to instantly identify and stop unauthorized credit and debit transactions,&#8221; with 80% reporting this as a reason for pursuing wallet apps. The ability to instantly see transactions was cited as another reason by nearly three-quarters (72%) of respondents. Both of these responses outpaced any convenience-related justifications for the new technology.<\/p>\n<p>Security for new payment technology is in line with a response from TSYS&#8217;s 2016 study that found when considering a new credit card, 74% of consumers ranked security and fraud protection as their priority, with 26% preferring rewards.<\/p>\n<p>The survey on which the study was based also asked consumers about their comfort level with different authentication levels. Traditional passcode was the top response, with 69% stating their comfort with the method, but fingerprint authentication was close behind, at 63%.<\/p>\n<p>For more, read <a href=\"https:\/\/www.tsys.com\/2017uspaymentstudy\/#Header\">here<\/a> and <a href=\"https:\/\/www.tsys.com\/Assets\/TSYS\/downloads\/rs_2017-us-consumer-payment-study.pdf\">here<\/a>.<\/p>\n<p><span class=\"italic\">Dark Reading&#8217;s Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. <a href=\"https:\/\/www.darkreading.com\/author-bio.asp?author_id=2179\">View Full Bio<\/a><\/span> <\/p>\n<p><span class=\"smaller strong red allcaps\">More Insights<\/span><\/p>\n<p> Read More <a href=\"https:\/\/www.darkreading.com\/threat-intelligence\/consumers-rank-security-high-in-payment-decisions\/d\/d-id\/1332211?_mc=rss_x_drr_edt_aud_dr_x_x-rss-simple\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Security is a top priority when it comes to making decisions on payment methods and technologies. Read More <a href=\"https:\/\/www.darkreading.com\/threat-intelligence\/consumers-rank-security-high-in-payment-decisions\/d\/d-id\/1332211?_mc=rss_x_drr_edt_aud_dr_x_x-rss-simple\">HERE<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[151],"tags":[],"class_list":["post-5096","post","type-post","status-publish","format-standard","hentry","category-darkreading-ti"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Consumers Rank Security High in Payment Decisions 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security &amp; Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.threatshub.org\/blog\/consumers-rank-security-high-in-payment-decisions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consumers Rank Security High in Payment Decisions 2026 | ThreatsHub Cybersecurity News\" \/>\n<meta property=\"og:description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security &amp; Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.threatshub.org\/blog\/consumers-rank-security-high-in-payment-decisions\/\" \/>\n<meta property=\"og:site_name\" content=\"ThreatsHub Cybersecurity News\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-03T15:40:00+00:00\" \/>\n<meta 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