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Online payment fraud losses to exceed USD 343 billion by 2027 – Juniper Research

The Paypers

Juniper Research has released a study revealing cumulative merchant losses to online payment fraud globally between 2023 and 2027 to exceed USD 343 billion.

Fraud 56
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Can Mobile Solve A City’s Transit Payment Challenges?

PYMNTS

This risk is even greater now that the pandemic has upended normal shopping behaviors, driving an increasing number of consumers online to shop and pay, with retailers having experienced a 14.8 The pandemic is driving consumers online to shop and pay, and expansion of the payment gateway market shows no signs of slowing.

Mobile 181
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Report: Tokenization And Data Vaulting Take The Sting Out Of PCI Compliance

PYMNTS

With more consumers than ever going online to shop and pay, merchants are building and expanding their digital capabilities to meet this demand for digital commerce. Credit and debit card fraud increased in April 2019 and April 2020, in fact, as fraudsters take advantage of the crisis for personal gain.

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Fidor: How Cloud-Based Banking Helps With Compliance

PYMNTS

Many financial institutions (FIs), especially online-only entities, moved their digital banking infrastructure to the cloud years ago to prepare for a rising crop of digital users, but the pandemic’s impact goes deeper. Around The Cloud Banking World. Some expressed hesitancy surrounding sharing their U.S.

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Deep Dive: Preventing Fraudsters From Gaming The System As Online Gaming Heats Up

PYMNTS

Millions of consumers around the globe are turning to online games during the COVID-19 pandemic, and cybercriminals are springing into action with schemes to target them. Online gambling compliance experts are also predicting that cybercrime will sharply rise in the coming months. Why Online Gaming Appeals To Fraudsters .

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Legacy Banks Embrace APIs To Counter Competitive Cycle

PYMNTS

Blockchain is projected to own 10 percent of global GDP by the year 2027. Lingering Fraud Risk . cards in their wallets, and that the average email address is associated with more than 130 online accounts. . Blockchain Disruption . Switch, Inc., The company cites data showing that the average consumer carries 3.2

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Former Worldbank CEO On ClearBank’s New Core Banking Infrastructure And Driving FinTech Innovation

PYMNTS

In 1997, he founded Worldpay, an online payments processor based in the U.K. Kinda makes you wonder what the year 2027 will bring. Nick Ogden seems to have a thing for years that end in seven. that he sold to RBS in 2002. Unclogging The Pipes. While domiciled and launching in the U.K.,