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How do you solve a $48 billion payment fraud problem?

Insights on Business

According to recent information from Juniper Research , online payment fraud losses from e-commerce, airline ticketing, and money transfer and banking services are expected to reach $48 billion by 2023, more than double the $22 billion in losses estimated for 2018. There’s been a wave of data breaches, now what?

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Why Amazon Bet (Almost) A Billion On Certainty

PYMNTS

PayPal created certainty by getting sellers paid while making sure buyers got their stuff, while keeping buyers’ bank accounts and payment credentials secure and private. It could be seven days, 10 days or two weeks, depending. The Census says 10 percent, but you know how we feel about their estimates. And it still wasn’t free.

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2020 GonzoBanker Awards

Gonzobanker

“I learned a long time ago that reality was much weirder than anyone’s imagination.” Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. And how did community banks and credit unions respond to the COVID craziness?

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Data Dive: And The Winner Is Edition — SMBs Worldwide, DoorDash And Gun Regulation

PYMNTS

The new experience will get its first road test in Nigeria, with Ecobank and Zenith Bank as local partners. In spring 2018, participating U.S. Once submissions have been received and evaluated — a process that typically takes two to three weeks — the finalists are chosen, usually 10 to 15.

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Top 5 Analytics Posts for 2018: Optimization, AI and More

FICO

As advanced analytics permeated nearly every industry in 2018, FICO’s thought leaders continued to push it into new areas. From the boardroom to the classroom, anyone can now create optimization models to solve problems more efficiently and make better business decisions based on data. Advancing the Field of Prescriptive Analytics.

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Lessons From The Failed Chatbot Revolution — And 5 Industries Where The Tech Is Making A Comeback

CB Insights

Commercial Banking: How JP Morgan’s chatbot saves the company 360,000 hours a year. At the most rudimentary end of the spectrum, there are the bots that banks use to prompt callers through a phone tree, telling them to say “yes,” “no,” “check my balance,” etc. The rise and fall of chatbot hype: How the bubble burst.

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Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them

CB Insights

After soaring to a multi-billion-dollar valuation behind an iconic founder, a team of prominent backers, and a promise to revolutionize blood testing, Theranos officially ceased operations in 2018. Holmes and former Theranos president Ramesh Balwani were indicted on charges of defrauding investors, patients, and doctors in June 2018.

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