Many of the newest products in the market are impressive, incorporating new technologies like biometrics and tokenization. End users and the media have taken notice. History shows that we should embrace innovation. Technological innovation has continually pushed the payment system forward. Payment cards, both credit and debit, are an example. Thirty years ago, everyone carried cash.
Today, young adults increasingly prefer to rely on cards and mobile phones. Payment cards have improved convenience and security in certain ways, like reducing the impact of a stolen wallet. But history has also shown that new technologies must be adopted in a prudent fashion.