Anyone who remembers the early days of credit cards will be familiar with the feeling of not trusting a new form of payment.
A survey conducted by new data global law firm Paul Hastings reveals fears British consumers have when using new payment methods. Security fears keep UK consumers from adopting new payment methods Nearly four in five (77 percent) British consumers are fearful of new payment methods. New research conducted by Paul Hastings surveyed more than 2,000 UK consumers and highlights how security fears prevent many consumers from trying new payment technologies. New payment method providers are often at the forefront of addressing security risks and consumer concerns through increased authentication, behaviour monitoring for fraud and tokenisation, which helps drive product and security innovation.