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FTI Says US Online Retail Sales Likely To Surpass $1 Trillion By 2027

PYMNTS

The business advisory firm FTI Consulting has forecasted that online retail sales in the United States will top $1 trillion by 2027 , CNBC reports. As of 2017, online retail sales account for 12 percent of total retail transactions in the United States, but 50 percent of retail sales growth over the span of the previous year.

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Japan’s Mega Banks to Cut 33,000 Jobs

Bank Innovation

Japan’s is Mizuho Bank is cutting 19,000 jobs by 2027, following in the footsteps of Nordea Bank, which last week announced it was cutting 6,000 jobs by 2020. Two other major banks Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group will also be cutting jobs over the next few years. A total of 33,000 […].

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

PYMNTS

Millions of consumers around the globe are turning to online games during the COVID-19 pandemic, and cybercriminals are springing into action with schemes to target them. Online gambling compliance experts are also predicting that cybercrime will sharply rise in the coming months. Why Online Gaming Appeals To Fraudsters .

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Online payment fraud losses to exceed USD 343 billion by 2027 – Juniper Research

The Paypers

Juniper Research has released a study revealing cumulative merchant losses to online payment fraud globally between 2023 and 2027 to exceed USD 343 billion.

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Innovative Approaches To Retail, Digital Payments And Healthcare 

PYMNTS

The rise in online shopping amid the pandemic is making digital payment options essential to healthy cash flow. 87.6B: Projected value of the global payment gateway market by 2027. Smart routing is quickly gaining momentum as one of the tools at a merchant’s disposal. All this, Today in Data. 30: Number of underserved U.S.

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Walmart India Head Upbeat About eCommerce Prospects

PYMNTS

According to a report in Money Control citing Iyer, the executive expects the online retailing market to see growth of six times to reach 12 percent during the next decade. Around 40 percent of total consumption by 2027 from the current 27 percent will be from the middle class,” Iyer said.

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

PYMNTS

With more consumers than ever going online to shop and pay, merchants are building and expanding their digital capabilities to meet this demand for digital commerce. billion by 2027, propelled by a compound average growth rate (CAGR) of 25.7 Around The Pa yments Orchestration Ecosystem. percent over the next seven years.