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How GDP Trends Impact the Payments Industry

Clearly Payments

When the economy grows, people and businesses spend more, fueling transaction volume and, in turn, payment processing activity. In periods of economic expansion: Visa’s global payment volume rose 9% in 2024, closely aligned with GDP-driven increases in consumer spending, especially in debit transactions.

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Merchant Underwriting: What It Is, How It Works, and Why It’s Important

Stax

TL;DR Merchant underwriting is the process of evaluating a businesss risk level before approving it for credit card processing for any kind of payments from electronic payments to in-person payments. Key steps include application review, risk assessment, credit checks, and compliance verification.

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Navigating AML obligations in the age of virtual IBANs

The Payments Association

Since vIBANs are often treated as extensions of master accounts rather than independent relationships, firms fail to apply appropriate risk assessment frameworks. This weakens transaction monitoring, particularly in scenarios involving third-party involvement or high-risk jurisdictions.

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The platform risk paradox: Managing digital commerce fraud at scale

The Payments Association

Navigating evolving regulatory requirements, leveraging advanced detection technologies, and implementing scalable strategies for managing merchant risk have become critical capabilities. High-volume onboarding, open ecosystems, and decentralised merchant networks create ideal conditions for abuse.

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Medical record automation: How a leading underwriting provider transformed their document review process

Nanonets

As healthcare digitization has surged from 10% in 2010 to 96% in 2023 , these firms now face overwhelming volumes of complex medical documents. When medical record volumes get out of hand Processing 200+ patient case files weekly might sound manageable. But volume wasn't the only challenge for the medical underwriting provider.

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Can Agentic AI in Fintech Transform Financial Services Through Autonomous Intelligence?

Fintech News

Commonwealth Bank of Australia (CBA) is making significant strides in leveraging artificial intelligence to reshape the financial services landscape, already using AI to handle up to 15,000 payment disputes daily, a volume too high for its call centres.

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AI Becomes the Banker: 21 Case Studies Transforming Digital Banking CX

Finextra

On the customer side, AI assistants can handle 20 million chats around the clock—driving record engagement and a 150 percent jump in satisfaction scores even as call-center volumes fall by half. By 2024, Capital One reported that Eno reduced call center contact volumes by 50%, according to a case study by Redress Compliance.

AI 72