Today In Data: The Challenge Of Speeding Up Payments While Slowing Down Fraud

More from: | PYMNTS |
0

An awful lot of dark money moves round the world each year – between 2 and 5 percent of global GDP by UN estimates. And that figure could get bigger before it gets smaller, as payments and FIs and security experts are trying to figure out the increasingly digital world, and laboring to make it faster and less friction-filled, while also making it safer and more secure. It’s not small work – and the competition is getting steeper, particularly as brands are building out ecosystems and building new types of consumer destinations, on and offline, that promise consumers the best of both worlds.

Data:

$2 trillion: Upper estimate for how much money is laundered annually.

814: The number of cities in which Uber operates.

(...)

Read full article » https://www.pymnts.com/today-in-data/2018/retail-faster-payments-fraud-prevention-b2b/


About | PYMNTS |

PYMNTS.com is reinventing the way in which companies share relevant information about the initiatives that shape the future of payments and commerce and make news. This powerful B2B platform is the #1 site for the payments industry by traffic and the premier source of information about “What’s Next” in payments and commerce. C-suite executives, company founders, and investors turn to it daily for these insights, making the PYMNTS.com audience the most valuable in the industry. It provides an interactive platform for companies to demonstrate thought leadership, popularize products and, most importantly, capture the mindshare of global decision-makers. It’s where the best minds and best content meet on the web. Innovations in payments and commerce have become highly intertwined. PYMNTS covers every aspect from retail reinvention to the Internet of Things.

»Twitter: @pymnts »Facebook: @pymnts