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Startup Riskified Seeks $200M To Fight eCommerce Fraud

PYMNTS

An Israeli startup that creates anti-fraud services that deal with online transactions wants to raise $200 million for expansion, according to a report in Bloomberg. Fraud is becoming an increasingly more common problem in the eCommerce sector, and is estimated to cost merchants about $130 billion over the next five years. β€œAt

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Retail Sector To Boost Mobile POS Terminal Market Value To More Than $103B By 2023

PYMNTS

In addition, enhanced solutions β€” including new security features, wireless communication technology, the need for paperless receipts and prevention of fraudulent transactions β€” will continue to make the terminals a popular choice for merchants and their customer base.

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Vesta’s VistaΒ On The Merchant’s Fraud Challenge

PYMNTS

The advent of the digital age has sped transformation of the retail industry from physical stores to digital storefronts. Since eCommerce currently makes up about 9–10 percent of retail sales overall β€” more in key segments β€” it is claiming more of that pie, Byrnes added. The pain point varies by the product mix, Byrnes said.

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Can Tenacious D In The IoT Age Possibly Thwart Fraud?

PYMNTS

The recent global distributed denial-of-service cyberattack on hundreds of thousands of smart devices shined a big, booming light on the vulnerability that exists around IoT and security concerns. And in its aftermath, companies are feeling an increased urgency to bolster their security platforms. News highlights from the IoT world.

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NEW REPORT: Will Biometrics Ring In A More Secure 2017?

PYMNTS

In order to keep mobile customers, payments and data safe, multiple security companies recently formed partnerships designed to bolster their mobile security. Samsung Electronics Co., Samsung Electronics Co., Meanwhile, similarly, FirstBank announced last month that it would turn to Entersekt to help secure its iOS app.

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How Payments Security Drives Digital Transformation

PYMNTS

In a world where payments become more invisible the more digital they become, there’s never been a better opportunity to consider new ways to enable the digital transformation of financial services in a secure and compliant way. Payments Security As A Digital Business Enabler. Telcos and retailers weren’t far down the list.

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What Digital ID Will Mean For Daily Life In 2020 And Beyond

PYMNTS

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.”. This info is easily available on the Dark Web.

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