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.

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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 The Chinese government said that it is using this technology to identify citizens who have violat ed quarantine.

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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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PYMNTS

SEPTEMBER 6, 2019

Call centers are starting to move away from KBA as new technologies emerge. The number of facilities looking for alternatives has doubled since 2018, with 17 percent utilizing MFA to better protect against fraud. Fraud protection is thus a high priority for all call centers, regardless of their industries.

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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.

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PYMNTS

DECEMBER 10, 2020

Video-based KYC is an effective digital technology used increasingly to confirm customers? 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. identities while also speeding and simplifying sign-up.

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PYMNTS

SEPTEMBER 21, 2018

Governments may not be known for keeping up with cutting-edge technology, but that doesn’t mean they don’t take note of the trends — especially when it comes to tools for collecting revenue. With the global speech-based interactive voice response (IVR) software market predicted to rise at a compound annual growth rate (CAGR) of 12.1

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PYMNTS

JULY 31, 2019

The Singaporean government is aiming to eliminate checks and reduce cash payments by 2025. The app was developed by the same team that designed and built the QR code technology for ATM cash withdrawals. Rampant fraud in the global trade finance space is forcing the industry to go digital, OCBC previously said.

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PYMNTS

JULY 9, 2019

In an new PYMNTS interview, Reinhard Hochrieser, vice president of product management at authentication services provider Jumio , provided an overview of the global state of ID verification and authentication, along with access management — and how improving those processes and technology can lead to gains for merchants and financial institutions.

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PYMNTS

DECEMBER 12, 2018

As that mobile technology get closer to mainstream introduction, the potential 5G ecosystem for FinTech and mobile banking is gaining clarity. Banks and credit unions are still wrestling with the best ways to deploy mobile technology, and do so in ways that balance security, and safe authentication, and consumer convenience.

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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.

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PYMNTS

APRIL 26, 2018

Face and voice recognition technologies are gaining popularity in the fast-evolving world of biometrics. Plus, how authentication technology is evolving to better understand user behaviors. The voice recognition technology market is poised to grow in value to $1.66 billion by 2025 in Europe alone. In the U.K.,

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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. You can find a host of them here.

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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. The Difference A Decade Makes .

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cryptocurrency blockchain Bitcoin Security 324

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. Nobody, so far, has been able to develop a complete end-to-end technological solution including hardware, payments back end all the way to the acquiring processing,” Klein said. For the U.S.

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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.

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FICO

FEBRUARY 17, 2023

I had my phone with me and wondered if contactless payment technology would help me pay for a bucket of driving range balls. I was thinking to myself, “There is no way this bolt-on technology contraption is going to work.” Changing Payments Channels, Changing Strategy The e-wallet market is projected to hit nearly $1 trillion by 2030.

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South Carolina Fraud Management Payments 52

BankUnderground

JUNE 25, 2020

Growth in the stock of financial data has been enabled by technological advances that have increased storage capacity and lowered computational costs. 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.

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Data Big Data Regulation Risk Management 110

NCR

AUGUST 10, 2017

Evolution in technology has always had a big impact on how people live their lives, but this phenomenon has arguably been more pronounced in the 21 st century than at any other time in human history. billion by 2025. million in 2016 to US$38.8 In September 2016, only 12 percent of people held this view.

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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. One can bet that the ongoing deployment of new 5G mobile network technology will drive things further. unlike markets such as the U.K. More than three-quarters of U.S. Though the U.S.

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PYMNTS

FEBRUARY 2, 2021

Consumers most commonly used QR codes for contactless payments, but they also leveraged the technology to access discounts and information on product packaging, for example. This share of consumers using the technology is also increasing, with the total number of mobile payment users growing by more than 4 percent over the past year.

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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.

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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

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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.

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South State Correspondent

APRIL 24, 2023

Just when you were getting your bank’s head around how you will operationalize ChatGPT (our breakdown HERE ), AutoGPT, an application built on top of ChatGPT, gets released and takes the technology to a new level. The application iterated at a speed that few bank marketing and deposit teams could ever compete with.

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social media Data Marketing Technology 195

PYMNTS

FEBRUARY 26, 2020

Research predicts the global ERP software market to grow double-digit percentage points over the next several years, reaching $70.3 billion by 2025. Designated parties in the organization would be responsible for paying each digital invoice thanks to a traceable approval process that reduces fraud.

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Cisco

SEPTEMBER 7, 2022

Some well-known examples are focused on preventative situations such as receiving fraud alerts, notifications for a potential bill-pay overdraft or when approaching a minimum account balance threshold. According to IDC, the worldwide CPaaS market will grow from $5.95 billion in 2020 to $21.8 What’s ahead.

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South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. Unfortunately, most banks don’t gather fraud data across payment channels or track “pre-crime events.”

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Conference Payments Fraud Data 195

Accenture

AUGUST 26, 2019

In addition, a number of revolutionary ideas have recently hit the financial services industry, including digital and cryptocurrencies, as well as distributed ledger technology and blockchain. A number of these developments do not sound particularly exciting. Adoption of ISO 20022 as “the global language for financial messaging”.

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Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

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