PYMNTS

DECEMBER 11, 2020

Invisible” is the operative word here, as the tsunami of remote onboarding triggered by COVID lockdowns has given fraudsters yet more cover to add to their anonymity. million by 2025, according to the new Tracker , and “FIs that leverage video-based KYC can reduce customer onboarding costs by as much as 90 percent.”.

Video 204

Video Security National Digital Banking 204

PYMNTS

JANUARY 26, 2021

The global contactless payment market is projected to reach $18 billion by 2025, in fact, up from $10 billion last year — a nearly 12 percent compound annual growth rate (CAGR). Looking ahead at 2021, positive signs are on the horizon for the industry despite strains on CU operations due to the pandemic.

Tools 276

Tools Los Angeles New Jersey Trends 276

Abrigo

FEBRUARY 3, 2020

Key Takeaways At many financial institutions, a substantial share of the IT budget is tied up in technology infrastructure and maintenance and cannot be used for new initiatives. Technology spending priorities. Banks spend about 7 percent of revenues on information technology, the report’s authors estimate.

Resources 150

Resources Security Customer Experience Fraud 150

PYMNTS

DECEMBER 12, 2018

Financial institutions are in the midst of becoming more mobile, with many of those legacy operations opting to — or at least considering — working more closely with FinTech providers to upgrade services, retain customers and acquire new ones. The debut of 5G promises to add another tool that can aid such efforts. What does that mean, then?

Fintech 211

Fintech Mobile Analysis Technology 211

PYMNTS

JULY 9, 2019

Those three words strike at the heart of identity, and mean so very much when it comes to the efficient operation of the global digital economy and its continuing growth, whether via retail, payments, financial services, healthcare or other areas. Everything is moving toward digital.”. Biometric Markers.

Security 191

Security Online Fraud Samsung 191

PYMNTS

JUNE 1, 2020

It’s unquestionably a turning point for this ubiquitous technology, and for its uses going forward. CUs are thus turning to a broad array of technologies — including ATMs — to extend end-to-end banking services, even as members seek to avoid brick-and-mortar branches.”. Elevate the ATM experience’.

ATM 143

ATM Security Online Technology 143

PYMNTS

DECEMBER 26, 2019

The company is planning to completely exit retail to become a technology and industrial firm, focusing more on smart technology and new types of cars. billion this year, and $23 billion by 2025, according to the e-Conomy SEA 2019 report by Google, Temasek and Bain. The Vietnamese eCommerce market is projected to hit $4.6

Retail 130

Retail Groups Maine Google 130

PYMNTS

SEPTEMBER 22, 2020

Friendly fraud has also been on the rise because many customers now need only to tap their mobile apps to dispute charges, and fighting chargebacks by proving payments are valid can be cumbersome and costly for restaurant operators. Such chargebacks are predicted to total approximately $40 billion before 2025.

Fraud 255

Fraud Mobile Tools Study 255

PYMNTS

APRIL 10, 2019

From CVS to T-Mobile , retailers and technology providers are catering to the trend of contactless payment acceptance with new solutions and methods of handling cards from customers. Buying snacks, vitamins, personal care and prescriptions from CVS Pharmacy just got faster and more secure.” locations, per reports last year.

Retail 259

Retail Payments Mobile Apple 259

PYMNTS

OCTOBER 26, 2017

A new report reveals that the market for AI technologies could potentially generate more than $60 billion worth of productivity improvements per year. In the United States alone, the market for AI technologies that analyze unstructured data is projected to reach $40 billion by 2020. trillion and $13.17 trillion to the global economy.

United States 100

United States Industry Security Technology 100

PYMNTS

MAY 26, 2017

From relying on physically walking into a bank to withdraw cash to snapping a photo of a check for deposits, technology has played a great part in the way financial transactions have evolved within the last thirty years. With the various advances in technology, many issues have come to light from the use of blockchain.

blockchain 117

blockchain Bitcoin cryptocurrency System 117

PYMNTS

DECEMBER 3, 2019

The key to that future is emerging 5G mobile network technology. Sure, retailers, healthcare providers and other operations with firm footing in the digital economy are seeking, finding and crafting use cases for 5G, which, above all, promises speedier and more robust information flows among people and businesses.

Payments 149

Payments Mobile Industry Technology 149

PYMNTS

JUNE 27, 2017

The Groupe Spéciale Mobile Association ( GSMA) announced Monday that its Mobile IoT Initiative was gaining traction with multiple commercial rollouts of Low Power, Wide Area (LPWA) solutions by several mobile operators including AT&T, China Mobile, China Unicom, China Telecom, Deutsche Telekom (DT), Verizon and Vodafone.

Mobile 100

Mobile Operations Marketing Groups 100

PYMNTS

FEBRUARY 27, 2019

Faster payment schemes are advancing worldwide, with the global real-time payments market expected to increase at a compound annual growth rate (CAGR) of 32 percent between 2019 and 2025. Deep Dive: Security in the Time of Faster Payments. Around the Faster Payments World. Get the full story in the Tracker.

Nebraska 144

Nebraska Risk Management Apple Payments 144

PYMNTS

JULY 27, 2018

Security Officials Warn of Potential Supply Chain Hack. intelligence officials are warning of an imminent cyberattack targeting the technology behind business supply chains. According to the CNBC report, Whole Foods accounts for about 33 percent of the wholesaler’s business, and that contract is set to expire in 2025.

San Francisco 101

San Francisco Google social media cryptocurrency 101

Independent Banker

MAY 31, 2022

trillion globally by 2025, according to research agency Cybersecurity Ventures, and the Association of Certified Fraud Examiners said that 77% of anti-fraud experts reported they had seen more fraud between May and August 2021. The bank works hard to prevent attacks with many defensive layers of security. By William Atkinson.

Community Bank 134

Community Bank Community Fraud Texas 134

PYMNTS

JUNE 6, 2019

Near-field communication ( NFC ) technology isn’t exactly new. percent between 2018 and 2025. When contactless payments started gaining traction in the mid-2000s, there were rampant fears about security. But EMV chip cards are more secure than magnetic stripe transactions, and newer versions of contactless cards use EMV.

US 140

US Apple New York City Cards 140

Independent Banker

OCTOBER 31, 2022

According to a new report from PwC titled “Retail Banking 2025 and Beyond” (see sidebar), the retail banking industry is undergoing tremendous change—but, of course, community bankers already know that. “A Of course, successful retail banking requires more than just technology. By William Atkinson. Reaching customers. Versluys says. “We

Banking Trends 151

Banking Trends Retail Trends Community Bank 151

PYMNTS

JANUARY 9, 2019

By 2025, online luxury sales are expected to triple, leading to an anticipated $91 billion in sales, one report noted. PYMNTS recently spoke with Siddiqui as well as Kyle Ciborowski — director of security architecture — on the ways in which the retailer is fighting fraud.

Fraud 109

Fraud Retail Security Online 109

PYMNTS

APRIL 11, 2019

Securing alcohol is one of the grand adventures of life, especially if a person is younger than the legal age to buy. For Jumio’s part, it is betting on biometrics, and using technology and lessons that have brought more age verification confidence to providers of online gambling and e-cigarette eCommerce. reached $1.7

Online 169

Online Retail Regulation Maine 169

PYMNTS

MARCH 21, 2019

billion by 2025, experiencing a compound annual growth rate (CAGR) of nearly 24 percent, according to one report. Underage consumers are often clever enough to fool even digital authentication checks (granted, some are rudimentary and even meant to be tricked, as per the wishes of shady operators), but technology is making that harder.

Online 152

Online Retail Regulation Trends 152

PYMNTS

MARCH 25, 2019

At the same time, payments technology is advancing in the shared economy world, providing a counterforce of sorts. In fact, it is expected to produce global revenue of $335 billion by 2025, up from $15 billion in 2015, according to one recent estimate. And investors are still pouring capital into companies operating in the sector.

Los Angeles 135

Los Angeles Payments San Francisco Chicago 135

PYMNTS

NOVEMBER 11, 2019

Such insights can also help firms improve customers’ experiences and lower operational costs. . These businesses’ strategies are often hamstrung by legacy fraud solutions that rely on data warehouse technology. Role Of Human Analysts. This is a problem that can be easily remedied.

Analytics 116

Analytics Data Fraud Tools 116

PYMNTS

AUGUST 22, 2018

Securities and Exchange Commission (SEC). As the company claims in the F-1: “Farfetch is the leading technology platform for the global luxury fashion industry. We operate the only truly global luxury digital marketplace at scale, seamlessly connecting brands, retailers and consumers. Within that, how much is online?

Online 101

Online Retail Branding Data 101

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. First, global financial services firms maintain central hubs for storing and analysing data generated by their cross-country operations. 15 of this report ).

Data 110

Data Big Data Regulation Risk Management 110

Bobsguide

MARCH 28, 2022

The research canvassed the opinions of 1,600 senior industry executives, exploring the opportunities presented by Banking as a Service (BaaS) – to provide retail or wholesale banking products and services to customers in context, as a service, using an existing licensed institution’s secure, regulated infrastructure with modern API-driven platforms.

Innovation 60

Innovation Lending social media Retail 60

PYMNTS

APRIL 8, 2019

The rise of the global sharing economy — tied to online marketplace operations — is sparking challenges related to trust, security and confidence for buyers and sellers alike. Sharing is, in fact, enormously complex, prone to fraud and frustration, at least when it comes to digital payments and commerce.

Payments 195

Payments Data Fraud social media 195

PYMNTS

DECEMBER 24, 2019

26, the eCommerce operator — via its Alexa Skills Kit Blog — announced the debut of “two new Alexa capabilities that will help create a more natural and intuitive voice experience for your customers.”. 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.

Cards 160

Cards Payments Study Examples 160

CB Insights

APRIL 23, 2019

Fifth-generation wireless technology — commonly known as 5G — is among the most hotly anticipated technological advancements on the horizon. Unprecedented download speeds could enable the proliferation of emerging technologies like augmented reality, the internet of things, connected vehicles, and more.

Samsung 77

Samsung Mobile Technology Marketing 77

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. Operational Efficiency : By using a common standard, banks can streamline their operations, reduce complexity, and simplify their infrastructure.

System 195

System Data Examples Payments 195

South State Correspondent

OCTOBER 25, 2023

After World War II, checks were the hot payment technology and helped fuel the boom that followed. The process was sped up by technology and legislation in the 70’s and 80’s so checks could be scanned and presented faster, but the process remained costly. Checking accounts in the U.S.

Fraud 195

Fraud ATM Payments Management 195

PYMNTS

AUGUST 7, 2020

Recent data shows that thwarted attempts to get one security solution’s users to visit malicious, video game-themed websites rose 54 percent from January to April. It also examines how using biometric identification to build secure gaming platforms can deter malicious acts. . by 2025 and to experience an 11.5

Online 222

Online System Fraud Video 222

PYMNTS

NOVEMBER 10, 2020

Where the tech is available, as noted by the Dallas Morning News, Verizon has a much quicker 5G network (due to using millimeter wave technology) but that tech is live in 36 cities. The association estimated that China will account for 70 percent of global 5G connections in 2020, and 5G adoption will grow to just under 50 percent by 2025.

Apple 224

Apple Dallas Mobile Security 224

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. By 2025, banks should be considering radically different business plans and execution platforms than they have now.

social media 195

social media Data Marketing Technology 195

PYMNTS

NOVEMBER 27, 2019

Additional PYMNTS research found that firms believe implementing automation could significantly improve their operations, particularly their B2B payments. Companies adopting such technologies can reassign workers to revenue-generating tasks instead of needlessly draining their hours on manual data entry, approvals and check printing. .

Millennials 161

Millennials Payments Capital Technology 161

Tomorrow's Transactions

JUNE 13, 2016

billion one-off and forward-dated payments forecast to be made in 2025. But when cash stops, the retailers can throw away their cash drawers and reconfigure the point of sale, reallocate staff away from dreary reconciliation and cancel the security guards. These payments will more than double over the next 10 years, with 1.9

Apple 30

Apple Cards National Retail 30

Cisco

OCTOBER 26, 2020

Today’s Security Environment. A 2020 Accenture report – ‘Securing the Digital Economy: Reinventing the Internet for Trust’– forecasts that nearly $350 billion could be lost by the financial services industry to cybercrime by 2025. 1) Secure by Design. Look for a Long-Term Solution.

Industry 122

Industry Security Policies Cyber Security 122