PYMNTS

FEBRUARY 18, 2020

South Asia is the fastest-growing market in FinTech and eCommerce, according to Credify. The area is projected to be a $72 billion market for FinTech in 2020, at an CAGR of 72.5 percent, and is expected to be a $102 billion eCommerce market by 2025. An average of 1.6 An average of 1.6

Regional 171

Regional Lending Fraud Maine 171

PYMNTS

AUGUST 29, 2019

Digital fraud continues to be one of the most pressing issues that marketplaces face today. Experts estimate that total fraud losses in 2018 totaled $3.9 Developments Around The Digital Fraud World. Businesses are turning to a variety of solutions to fight fraud, including leveraging blockchain technology.

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PYMNTS

JANUARY 13, 2021

billion planned acquisition of Plaid after objections stemming from a Department of Justice (DOJ) antitrust lawsuit, which said it would put Visa in a position to maintain a monopoly in the online debit card market. 13) on the Nasdaq Global Select Market and the Nasdaq Capital Market under the symbols “BTRS” and “BTRSW,” respectively.

Analytics 145

Analytics Fraud Payments Capital 145

PYMNTS

JUNE 12, 2019

. $59 billion: Estimated value of the global biometrics market by 2025. 13 billion: Projected value of the identity verification market by 2025. 48 percent: Share of millennial parents who would rather not eat at all than wait in long QSR lines.

Security 148

Security Millennials Data Retail 148

PYMNTS

FEBRUARY 25, 2020

These three main segments of the Fleet Solution are said to provide better control over operations and increased protection against fraud. percent by 2025. Shell employs 8,500 people in India and retails fuel in six states. . The global smart fleet management industry was valued at $290.9

Cards 159

Cards Fraud Operations Management 159

PYMNTS

JANUARY 19, 2021

Digital identity is anticipated to generate $8 billion for mobile network operators by 2025, up from $1.3 That same report noted “an encouraging drop of 24 percent in ID-based fraud rates in 2020 from 2019. billion in 2020 alone.”. Digital A Lifesaver For HR Pros. Most HR departments fared no better in this.

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PYMNTS

SEPTEMBER 15, 2020

They must reassure customers they are safe from viral contagion in sharing economy spaces while ensuring their personal data is secure from rising incidents of fraud. Payments providers are seeking more secure and compliant ways of onboarding and authenticating customers to help deter online fraud.

Report 206

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PYMNTS

JULY 26, 2018

The explosion of voice assistants and the smart speaker market are a testament to that. 75 percent: Share of food and beverage industry workers who reported an increase in fraud over the last year. 62 percent: Amazon’s share of the global smart speaker market. public.

Data 101

Data Fraud Software Meeting 101

PYMNTS

DECEMBER 4, 2018

Banks give consumers confidence that their data won’t fall into the wrong hands when they make purchases or reservations, thanks to investments in fraud detection and prevention. billion: The global eCigarette and vaping market is forecasted to grow to this amount by 2025. And Tiffany & Co. ’s

Data 100

Data New York City New York Fraud 100

PYMNTS

SEPTEMBER 17, 2020

Higher education is not immune from pandenomics, and is undergoing its own reset as institutions of higher learning synthesize new market conditions. One recent report found that the IAM technology market is predicted to grow from $7.6 billion by 2025.”. billion this year to $15.3 Testing Limits, Pushing Boundaries.

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Video Resources Course Online 251

PYMNTS

MARCH 10, 2020

The border control market is one of the most affected by the growing popularity of digital ID solutions, particularly biometrics. This market is expected to be valued at $3.5 billion by 2025, with $1.6 Developments From Around The World Of Digital ID. billion of this total driven by biometric solutions.

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PYMNTS

JULY 18, 2018

million: What PwC was ordered to pay by a judge for failing to detect fraud between a client and a mortgage lender. $1 trillion: The estimated worth of the global market for connected devices by 2025. 1 trillion: Value of loan balances held by credit unions as of March 2018.

Data 100

Data Millennials Fraud Community 100

PYMNTS

OCTOBER 28, 2020

Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 billion by 2025, up from $74.4 The payments market has seen a surge of new players, many consisting of digital-first companies taking their first steps in payments processing.

Payments 219

Payments Compliance Fintech Innovation 219

PYMNTS

JULY 9, 2019

That is especially true, he pointed out, as “more businesses go online” and scale their operations to more international markets. According to one estimate , the global biometrics market is estimated to be worth $59 billion by 2025. Everything is moving toward digital.”. This info is easily available on the Dark Web.

Security 191

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PYMNTS

SEPTEMBER 20, 2016

Singapore’s eCommerce market, according to analysts, is projected to increase to $5.4 billion by 2025, which is five times what it’s currently clipping at. Stripe offers software tools for processing services for online and mobile transactions, as well as capability to manage security for customers’ data and fraud prevention.

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San Francisco Bitcoin Regional Apple 100

PYMNTS

JULY 31, 2019

The Singaporean government is aiming to eliminate checks and reduce cash payments by 2025. Rampant fraud in the global trade finance space is forcing the industry to go digital, OCBC previously said. OCBC Bank’s digital customers have grown by 25 percent since 2018 and mobile banking usage may have tripled.

ATM 108

ATM Mobile blockchain Fraud 108

PYMNTS

SEPTEMBER 6, 2019

The number of facilities looking for alternatives has doubled since 2018, with 17 percent utilizing MFA to better protect against fraud. The need for newer, stringent authentication comes as call centers — especially those for banks and other financial services — are getting hit with increasingly sophisticated fraud.

Fraud 122

Fraud Technology Security Tools 122

PYMNTS

DECEMBER 10, 2020

Advocates of the strategy say it provides banks with an error-free way to onboard customers while reducing fraud and preventing application abandonment. . million by 2025. The market for such tools is ramping up as well, with more customers enrolling online and demanding quick, secure onboarding processes.

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Video Digital Banking User Experience Tools 201

PYMNTS

AUGUST 13, 2020

The Check Point researchers ­­– Dikla Barda, Roman Zaikin and Yaara Shriki – noted that they decided to probe and highlight Alexa’s vulnerabilities at a time when the global smart speaker market is poised to double to $15.6 billion by 2025.

Data 168

Data Report Software Resources 168

PYMNTS

SEPTEMBER 2, 2019

Providers must take into account the payment options that are readily available to — and preferred by — the consumers in new, targeted markets. And in one example, a deep dive shows 75 percent market share for cross-border payments handled by SWIFT gpi, for a value of $40 trillion last year. Account takeover attacks resulted in $5.1

Fraud 123

Fraud Survey Payments Examples 123

PYMNTS

NOVEMBER 10, 2020

“Most things take 10 to 15 years to drive through the ecosystem,” McCarthy told Webster — especially when a range of stakeholders are involved, spanning two-sided markets, consumers, merchants and governments. Crypto has been held up by critics as a conduit to fraud and money laundering.

cryptocurrency 324

cryptocurrency blockchain Bitcoin Security 324

PYMNTS

OCTOBER 24, 2018

By 2020, 30 billion Intelligence of Things (IoT) devices are expected to be connected worldwide — a figure anticipated to skyrocket to 100 billion by 2025. NXT Semiconductors , for one, expects that applying IoT can make commerce safer from fraud. This can make marketing and business decisions more difficult. About the Tracker.

Trends 119

Trends Security Data Retail 119

PYMNTS

SEPTEMBER 21, 2018

With the global speech-based interactive voice response (IVR) software market predicted to rise at a compound annual growth rate (CAGR) of 12.1 percent between 2018 and 2025, a number of local governments are adopting the technology to accept fines and taxes more easily.

Trends 152

Trends Security Technology Training 152

PYMNTS

APRIL 26, 2018

The voice recognition technology market is poised to grow in value to $1.66 billion by 2025 in Europe alone. And as the market grows, several companies are making their voices (and voice solutions) clearly heard. Plus, how authentication technology is evolving to better understand user behaviors. Notable Digital ID News.

Trends 100

Trends Fraud Technology Regulation 100

PYMNTS

DECEMBER 12, 2018

Machine learning and artificial intelligence are among the emerging technologies capable of boosting banking operations, including customer service , and preventing fraud, as recent PYMNTS research has demonstrated. Latency Advantages. So where is all this 5G? As PYMNTS reported earlier in December, Verizon and Samsung plan launch U.S.

Fintech 211

Fintech Mobile Analysis Technology 211

PYMNTS

JULY 8, 2016

market – it also caught the attention of mPOS players across the pond. market,’” said SumUp CEO Daniel Klein in an interview with PYMNTS. “All market isn’t as difficult for a European player as one might imagine, Klein said. “In market has adopted dip and sign. market, we simplified it quite significantly,” Klein said.

US 103

US Fraud Mobile Marketing 103

PYMNTS

SEPTEMBER 14, 2016

And according to Ed Abbo, president and chief technology officer of C3 IoT , fraud detection is paramount in the global power industry, which is a $30 billion–$40 billion industry. PYMNTS caught up with Abbo to learn more about C3 IoT’s work, particularly in the areas of mobile devices, Big Data and fraud protection. trillion–$11.1

Big Data 100

Big Data Fraud Software Analytics 100

FICO

FEBRUARY 17, 2023

Changing Payments Channels, Changing Strategy The e-wallet market is projected to hit nearly $1 trillion by 2030. Digital payments are also growing fast among consumers and businesses, with some predicting 7 of 10 mobile device owners in the US using mobile peer-to-peer payments by 2025. TJ holds a B.S. in computer science and a M.S.

South Carolina 52

South Carolina Fraud Management Payments 52

PYMNTS

AUGUST 29, 2018

billion consumer records that have been exposed to the black market in the last year alone. Because they have every economic reason to do so – analysts estimate that over half (55 percent) of American households will be regularly interacting with voice-activated assistants by the year 2025.

Software 102

Software Security Data Conference 102

BankUnderground

JUNE 25, 2020

In the case of data on the UK derivatives market, where each contract is reported to trade repositories , this sums to more than one billion rows of data every month. McKinsey predict that this figure could reach $11 trillion by 2025. Here too there has been growth since the financial crisis. 15 of this report ).

Data 110

Data Big Data Regulation Risk Management 110

NCR

AUGUST 10, 2017

As far as AI is concerned, a recent report from Research and Markets noted that this concept is “poised to have a transformative effect on consumer, enterprise and government markets around the world” Annual worldwide AI revenue is expected to grow from US$643.7 billion by 2025. million in 2016 to US$38.8

Industry 75

Industry Retail Innovation Payments 75

FICO

AUGUST 26, 2021

It’s a question FICO’s fraud head honcho, TJ Horan, pondered back in 2016 , when the nascent real-time person-to-person (P2P) payments service Zelle was relaunched by a small consortium of banks (see below). Still, the US market lags in real-time payments size and adoption. How to Fight Real-Time Payments Fraud. “Do you Zelle?”

Fraud 52

Fraud How To Payments US 52

PYMNTS

FEBRUARY 2, 2021

However, QR code fraud is a challenge, with fake QR codes accounting for nearly 70 percent of fraud incidents related to mobile fraud. billion individuals worldwide are expected to leverage QR codes for payments by 2025, up from 1.5 trillion in 2025. A recent study found that at least 2.2 billion last year.

Fraud 215

Fraud Study Policies United States 215

South State Correspondent

JUNE 27, 2023

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. For example, ISO 20022 provides a set of messages (you can download HERE ) to handle ATM transactions, fraud, account names, and time periods.

System 195

System Data Examples Payments 195

PYMNTS

DECEMBER 24, 2019

In five short years, by 2025 , there will be more than 25 billion devices capable of interacting with the internet — up from 9 billion today. The core of Priceline’s fraud-fighting solution is a sophisticated AI system that identifies risky transactions, and flags them for further analysis. unlike markets such as the U.K.

Cards 160

Cards Payments Study Examples 160

PYMNTS

AUGUST 7, 2020

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. by 2025 and to experience an 11.5

Online 222

Online System Fraud Video 222

PYMNTS

JULY 25, 2019

The latest Digital Fraud Tracker explores why fraudsters are still relying on phishing as a major strategy even as they increase their use of new technologies and techniques. An uptick in fraud also means a growing online fraud prevention market. Globally, it is set to increase 20 percent between 2019 and 2025.

Fraud 172

Fraud Analytics Security Data 172