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Fraud detection and prevention market to hit USD 100 bln by 2027

The Paypers

A research study by Global Market Insights has shown that fraud detection and prevention (FDP) market is expected to surpass USD 100 billion by 2027.

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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.

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Deep Dive: Preventing Fraudsters From Gaming The System As Online Gaming Heats Up

PYMNTS

A recent survey revealed that 93 percent of United Kingdom gaming compliance managers anticipate growing numbers of chargebacks and fraud as the pandemic prods consumers to access online services. Gaming platforms were facing increasing instances of fraud before the pandemic began. Fighting Back Against Gaming Fraud .

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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. There are many technologies that can help keep customers’ data safe, with increasing market interest in tokenization in particular. The global tokenization market is even expected to reach $6.8

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Can Mobile Solve A City’s Transit Payment Challenges?

PYMNTS

The pandemic is driving consumers online to shop and pay, and expansion of the payment gateway market shows no signs of slowing. percent by 2027, when it will reach a total valuation of $87.6 Across The Payments Orchestration Ecosystem. It is expected to grow at a compound annual growth rate (CAGR) of 11.1

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Deep Dive: Using Payments Orchestration To Power International Growth

PYMNTS

The cross-border eCommerce market presents a massive growth opportunity for businesses looking to expand, as eCommerce sales are expected to reach $18.9 trillion by 2027, and more than half of all eCommerce shoppers buy from merchants abroad. The ongoing pandemic is fueling this demand for digital commerce options.

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Legacy Banks Embrace APIs To Counter Competitive Cycle

PYMNTS

Legacy banks around the world have been under tremendous pressure in recent years to transform their business models, as upstart FinTech companies are removing the barriers to entry and credit access that have kept large numbers of growth businesses and consumers out of the market. market, for example, quadrupling to $3.4 billion. .