Remove 2024 Remove Fraud Remove Retail Remove Security
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Banks Should Make 2024 a True ‘Year of Digital’

Gonzobanker

2024 will prove to be a remarkably busy year in the digital space, when many financial institutions will make near-life-or-death choices about the future of their digital platforms and how they will support them. Get ahead of the game and resolve to make 2024 the institution’s true Year of Digital. Follow Josh on LinkedIn.

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Deep Dive: Why ML Plays A Key Role In Debit Issuers' Fraud-Fighting Strategies

PYMNTS

Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders. Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms of fraud, forcing them into a delicate balancing act. Security challenges are mounting, too.

Fraud 273
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Retail POS Market to Reach $45B in The Next Seven Years

PYMNTS

While the retail point-of-sale (POS) terminals market is currently sitting at $15 billion, Global Market Insights is expecting it to reach $45 billion by the year 2024. Due to consumers increasing use of cashless forms of payment for everyday transactions, there has been a rise in counter money laundering, frauds and terrorism.

Retail 120
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Is AI The Ultimate Fraud Fighting Machine?

PYMNTS

While the fraud-fighting technology available six years ago didn’t stand a chance of protecting HiGear, the current car-sharing market , which is projected to be worth $16.5 billion by 2024, continues to experience similar fraud attacks. Cracking the code on digital identity in luxury retail.

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The Future of Checks – Tales From The Crypt

South State Correspondent

The rise of card-not-present transactions for phone and then e-commerce, starting in 1994, cannibalized check volume, as did Paypal, retail ACH for phone and internet transactions in 1998. The channel is not secure, and any criminal can steal, forge, or alter the checks almost at will. That is an expensive item.

Fraud 195
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Is Self-Checkout Catnip For Criminals?

PYMNTS

Great news for innovative retailers. The self-checkout system market is expected to increase from its current value of $2 billion to more than $4 billion by 2024, according to a new study. Labor laws were the impetus for French grocery conglomerates Casino Guichard Perrachon and Carrefour to begin experimenting with automated retail.

Retail 117
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Biometrics Innovation Tests Consumer Privacy Sentiment

PYMNTS

Thanks to smartphones equipped with facial and fingerprint recognition for security, many consumers now have up close and personal experience with newer forms of digital ID. percent between 2019 and 2024 to reach $65.3 The technology gives users greater convenience and security when shopping at mainstream retailers.