Most payment system nowadays lacks of human touch. What people need is normally an easy to use payment system which simplified all the complex way to do payment. To many steps needed to process any payment either paying other people or accepting monies from others.
The service charge collected by the payment system were high enough and not attractive.
In term of security, one need to have a look deep into all the encryption and the method to authenticate users. Most payment system rely on a single encryption while eliminate the usage of time based access key.
To adapt a future need for payment system, things need to be done on revamping the system to support human touch. Authentication via normal people. Security wise. Easy to use and manage while maintaining lower cost to operate it.
Secure authenticate mobile banking is a way to the future. Utilizing a security on mobile phones (i.e iPhone 6s) with proper encryption.
