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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners. To use this offering, cardholders enrolled a fingerprint to have securely stored on their card.

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Libra Forces Cryptocurrency Regulators To Reexamine Procedures

PYMNTS

The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. were equally split between regulatory compliance (69 percent) and reputational risk (69 percent), though reputation was a larger motivation among larger companies. Cloud-based KYC activities were among the new technologies most used by U.S.

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5 Ways Digital Payments Will Change FIs and Fraud in 2023

FICO

Since we are in the early stages for many new payment technologies, the steps FIs take in 2023 will shape how these new payment markets unfold. real-time payments market alone hit about 2 billion transactions this year, but should grow to 9 billion transactions in 2026, worth more than $10.5 And PYMNTS.com says the U.S.

Fraud 52
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The Future of Checks – Tales From The Crypt

South State Correspondent

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. That is an expensive item.

Fraud 195
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APP Scams: What Impact Will the PSR’s Proposals in the UK Have?

FICO

Payment scams reached unprecedented levels last year and look set to double by 2026. There are calls for these organisations to come together in a coordinated approach to tackle what is now considered a national security threat. The vast media attention on the various types of payment scams has helped keep awareness high.

Fraud 52