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FTI Says US Online Retail Sales Likely To Surpass $1 Trillion By 2027

PYMNTS

The business advisory firm FTI Consulting has forecasted that online retail sales in the United States will top $1 trillion by 2027 , CNBC reports. Another report by retail industry group the National Retail Federation (NRF) suggests non-store sales, which include sales processed online, will expand this year as well.

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China Creates National Cyberattack Database

PYMNTS

China revealed that it is creating a national cyberattack database and will require telecom firms, internet companies and domain name providers to report any threats to it.

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OCC Highlights, AML & CRA Risks

Perficient

The effective date of the new rule is April 1, 2024, with key provisions taking effect on January 1, 2026, and January 1, 2027. Banks  Banks need to plan for these changes and begin to implement management processes to address the potential impact of the rule on their systems and resources.

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Today In Data: All Digital, All The Time, Everywhere

PYMNTS

trillion: Estimated value of the global digital payments market by 2027. 60: Approximate number of nations that, as of November 2018, were pursuing a digital identity plan. 100 million: The expected installed base for smart speakers by the end of 2018 – 2.5 times the installed base at the same time in 2017.

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Can Mobile Solve A City’s Transit Payment Challenges?

PYMNTS

percent by 2027, when it will reach a total valuation of $87.6 states continue to lift stay-at-home restrictions and other nations open their borders, demand is soaring for more touchless, seamless transit payments to help consumers navigate safely as they travel. It is expected to grow at a compound annual growth rate (CAGR) of 11.1

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India’s Snapdeal On Board With New eCommerce Rules

PYMNTS

Every nation has a right to frame policies that best suit its economic and social needs,” Snapdeal said in its letter. Prior to the new regulations, Reuters noted Morgan Stanley forecast the Indian eCommerce market to grow 30 percent annually, hitting $200 billion by 2027.

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AI/BOTS: Artificial Intelligence’s Impact On Jobs

PYMNTS

Earlier this year at the National Retail Federation’s Big Show, the hot topic of debate was how chatbots can be beneficial to consumers if implemented in the correct way. By the year 2027, Forrester is predicting U.S. Between now and 2027, however, there will be 24.7 employment will see a 9.8 To get to the 9.8

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