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