BillingTree offered four trends the payment processing solutions provider thinks will impact the industry in the coming year.

The projections cover a wide array of elements auto finance executive might or might not already see on their radar, as well.

1. Payments Really Are Going Mobile

BillingTree indicated that in North America, the number of mobile transactions has almost doubled since 2013 to 17 percent of all transactions. The company mentioned 1 million people signed up for Apple Pay in the first 72 hours after its October launch.

BillingTree also menitoned Google Wallet, which has been in the market place since 2012, has also come to the forefront of consumer thinking.

“Payment processors and collectors must incorporate mobile payment options for an increasingly mobile customer base in 2015,” the company said.

2. EMV Is Coming

In October of next year, officials noted the liability shift of Europay, MasterCard and Visa (EMV) will take place in the U.S. They explained this mandate means any company that processes card payments is required to offer a chip-and-PIN payment system — or risks being liable for counterfeit fraud.

Europe rolled out EMV in 2004, switching liability to merchants in January 2005. Now 10 years later the U.S. is using the same approach to convince merchants to leave magnetic swipe behind.

“Compliance remains a strict requirement for merchants switching to EMV and PCI DSS will continue to be an important consideration after making the move to the new payment method,” BillingTree said.

3. Tokenization

In explaining what BillingTree described as “the combat fraud king,” Visa chief executive officer Charles Scharf recently told attendees at the Bank of America Merrill Lynch 2014 Banking & Financial Services Conference that tokenization is “the single biggest change that’s been made in payment networks easily over the past 15 or 20 years.”

With the emergence of new payment options such as EMV and mobile, BillingTree contends there will be fresh concerns about fraud prevention.

“But tokenization is the combat fraud king, covering a range of payment channels targeted by fraudsters – card present, card not present and mobile,” BillingTree said. “2015 will see big players like Visa and MasterCard pushing their tokenization services to payment processors of all sizes — incorporating a range of emerging payment methods.”

4. Goodbye Passwords. Hello Biometrics?

BillingTree acknowledged iris scanners and fingerprint readers might seem more suited to espionage movies than the payment processing industry. But if Visa and MasterCard have their way, BillingTree said 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,” BillingTree said.