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This trend is especially prominent in Asia-Pacific, where mobile wallets dominate over 50% of the payments market. What It Means for You: Adapting to mobile wallet payments isnt optional anymore. Ensure that your point-of-sale (POS) systems and e-commerce platforms are optimized for mobile transactions.
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As someone who has worked in frauddetection and mitigation for more than 30 years, I wanted to share some important facts on how banks and card issuers protect their customers from fraudulent transactions: with multiple defenses that are often invisible, and more importantly, often intentionally frictionless. Emphases added.).
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As consumers flock back to stores , some may be surprised and delighted to learn that they can use popular person-to-person (P2P) payment apps like Venmo and PayPal at the cash register. What does that mean for fraud professionals? Let’s take a look. . Hello Panda. Broad Data Access Is Essential.
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