Introduction
The market for electronic payments, both in Colombia and at a global level, has gone from being a sector with few technological advances to one that is rapidly evolving. This transformation has been driven by the demands of financial institutions and the need to improve safety and efficiency in payment systems.
The Technological Evolution in Payment Systems
Traditionally, the market for electronic payments not had many advances. The companies providing these services followed the philosophy of “if it works, don't change it”. However, in recent years, we have seen a rapid adoption of new technologies, such as systems of immediate payment, payment by QR code, and payments by phone.
The Demand for New Skills on the Part of Financial Institutions
The banks and financial institutions have been the main drivers of this technological evolution. Current customers want options of payment more convenient and secure, such as mobile payments and payments by QR Code. These new capabilities not only improve the user experience, but also increase the efficiency and speed of transactions.
The Crucial Role of Open source Technology
The open source technology has been instrumental in the modernisation of payment systems. Although it has increased the safety risks and fraud, has also allowed greater flexibility and adaptability in the development of payment solutions. Organizations such as the Payment Card Industry (PCI) play a crucial role in the certification and safety of these systems, ensuring that the infrastructure is protected and the data segregated correctly between private and public.
The Importance of Security in the Modernization of Payment Systems
With the increase of new technological capabilities, has also increased the risk of fraud and unauthorized access to the systems. At the global level and local level, there have been incidents that underscore the need for robust security. Working with organizations certified as PCI helps to mitigate these risks, ensuring that the transactions are safe and secure and the data is protected.
Conclusion
The modernization of the market of electronic payments has been driven by the demands of financial institutions and the adoption of new technologies. As we continue to progress, it is crucial to keep a focus on security and protection against fraud. The open source technology and security certifications play an essential role in ensuring that the payment systems are both innovative and safe, responding to the changing needs of customers and the market.
