PYMNTS

JULY 16, 2020

percent by 2027, when it will reach a total valuation of $87.6 Algorithmic tools designed before March are having trouble predicting consumers’ behavior during the pandemic, and some firms are upgrading their fraud screening systems so they are better able to predict consumer behavior.

Mobile 181

Mobile Payments System Bitcoin 181

PYMNTS

OCTOBER 2, 2020

Credit and debit card fraud increased in April 2019 and April 2020, in fact, as fraudsters take advantage of the crisis for personal gain. billion by 2027, propelled by a compound average growth rate (CAGR) of 25.7 This puts pressure on merchants to find ways to make their operations PCI compliant, and fast.

Compliance 243

Compliance Data Report Meeting 243

Insights on Business

NOVEMBER 7, 2017

As these numbers are trending upward, the mobile payments and transaction industry, which one of its main selling points is simplicity, is ripe for fraud and criminal activity. Enter the mobile fraud detection and prevention industry. Read more about IBM Counter Fraud Management for Safer Payments here. Convenience, at a cost.

Payments 79

Payments Fraud Mobile Trends 79

PYMNTS

JUNE 23, 2020

trillion by 2027, and more than half of all eCommerce shoppers buy from merchants abroad. Merchants must also develop strategies for mitigating the frictions that go along with sending and receiving funds across borders, such as fraud and data security risks, exchange rate volatility and chargebacks.

Payments 162

Payments America Tools Analytics 162

PYMNTS

SEPTEMBER 22, 2020

Consumers pivoting to online banking are also more concerned over the privacy and security of their data, especially as fraud volumes creep up —and financial regulators are taking notice.

Compliance 191

Compliance Digital Banking Security Online 191

PYMNTS

JUNE 19, 2018

billion payments, or 16 percent of all transactions, in 2027. But cash use is expected to continue to fall over the coming decade, with UK Finance predicting that cash will account for 6.4 Contactless payment is expected to account for 36 percent of the total, up from 15 percent in 2017.

Cards 101

Cards ATM Maine Payments 101

PYMNTS

JULY 23, 2018

Blockchain is projected to own 10 percent of global GDP by the year 2027. Lingering Fraud Risk . -based PaySend , which has expanded its consumer payments business to enable corporate customers to move payments across 60 countries, raised $20 million in a round of financing led by MARCorp Financial. Blockchain Disruption .

blockchain 108

blockchain Cards Study Seattle 108

NCR

DECEMBER 13, 2017

As well as speeding up trade, a DLT-based international payments system could lower fraud risk by reducing the amount of time required for a transaction to be completed. UBS Wealth Management, on the other hand, predicted that blockchain could add up to $400 billion of annual global economic value by 2027.

Las Vegas 76

Las Vegas Payments blockchain Bitcoin 76

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Unfortunately, most banks don’t gather fraud data across payment channels or track “pre-crime events.”

Conference 195

Conference Payments Fraud Data 195

PYMNTS

APRIL 17, 2017

As an infrastructure company, ClearBank, Ogden said, is giving banks an option to replace their existing core systems with an incredibly modern infrastructure that will improve their processing efficiencies, risk- and fraud-proof their operations, and enable a number of new financial services capabilities. Unclogging The Pipes.

Innovation 101

Innovation Fintech System Regulation 101