4 Nonprofit Payment Processing Trends for 2015

4. Goodbye passwords; hello biometrics? Iris scanners and fingerprint readers seem more suited to espionage movies than the payment processing industry, but if Visa and MasterCard have their way, both could soon become commonplace. These innovative technologies are known as biometrics. Plans are in place for current online authentication systems such as MasterCard SecureCode and Verified by Visa to possibly be phased out in the near future.