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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

The near-frictionless Know Your Customer (KYC) solution merits a look from banks. Identity management, ID proofing, preventing account takeovers, limiting card-not-present risk, the rise of social engineering on remote workers, and more cyber-crime-as-a-service offerings had most of the buzz.

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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 debit card started to rise in popularity in 2004, as did an explosion of ATMs in 2005, affording the general population more access to cash.

Fraud 195
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Take Me Out To The (Payments) Ball Game

PYMNTS

All in, Wright noted, it adds up to a big opportunity for minor league baseball — and a big goal: to increase its fan base to 50 million by 2026. But because of FIS’s work with community banks and businesses, we are partners ideally suited to work together, even if banking and sports aren’t a combination that immediately springs to mind.”.

Payments 101