Remove 2027 Remove Fraud Remove Innovation
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Mastercard: Using AI To Cure Healthcare’s $240B Fraud, Waste And Abuse Problem

PYMNTS

By the year 2027, the expectation is that those costs will have swelled to $6 trillion annually or roughly $17,000 per citizen or 19 percent of the GDP. Instead, she noted, an estimated $240 billion is going out the door to fraud, waste and abuse (FWA). Healthcare in the U.S. is a massive industry. in 2017 on healthcare services.

Fraud 216
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Former Worldbank CEO On ClearBank’s New Core Banking Infrastructure And Driving FinTech Innovation

PYMNTS

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.

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Can Mobile Solve A City’s Transit Payment Challenges?

PYMNTS

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
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Report: Tokenization And Data Vaulting Take The Sting Out Of PCI Compliance

PYMNTS

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.

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Fidor: How Cloud-Based Banking Helps With Compliance

PYMNTS

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. Deep Dive: Why The Pandemic Is Pushing Up The Cloud Compliance Innovation Curve.

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Deep Dive: Using Payments Orchestration To Power International Growth

PYMNTS

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
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What could R3’s DLT-based platform mean for global payments?

NCR

The debate surrounding blockchain – or more specifically distributed ledger technology (DLT) – and its viability for widespread rollout across the global financial system rumbles on, but it seems that we are beginning to see clearer signs of how this area of innovation could have a real impact on the industry.