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A new study has found that blockchain deployments will enable banks to realise savings on cross-border settlement transactions of more than $27 billion by the end of 2030, reducing costs by more than 11 percent per on-chain transaction. According to the research, The Future of Blockchain: Key Vertical Opportunities & Deployment Strategies 2018-2030, banks that [...]
The post BLOCKCHAIN DEPLOYMENTS TO SAVE BANKS $27BN ANNUALLY appeared first on Payments Cards & Mobile.
Cifas, the UK fraud prevention service, has released new figures showing that identity fraud has fallen for the first time since 2014. Cifas members recorded 84,463 cases in the first six months of the year, a five percent drop compared to the same period in 2017 (89,199). Despite this reduction, identity fraud still represents over [...]
As mobile shopping continues to grow, consumers are downloading retailer’s mobile apps at double the rate of previous years and conducting more in-app purchases, according to new findings from Synchrony. With the mobile channel becoming critical for retailers, more consumers are using the apps to buy, browse, read product reviews, access coupons and find a [...]
A new study has found that mobile biometrics will authenticate $2 trillion worth of in-store and remote mobile payment transactions annually by 2023. This is 17 times the $124 billion expected in 2018, as initiatives proliferate to secure remote payment transactions and open biometric platforms. However, a separate study has revealed consumers remain concerned about [...]
Alternative payments methods such as mobile and digital wallets are steadily displacing traditional payment methods such as cards, bank transfers and cash or cheques in the Asia-Pacific (APAC) e-commerce market. GlobalData forecasts the APAC e-commerce market will grow from $1.6 trillion in 2018 to $2.3 trillion in 2022. According to their latest Consumer Payments Insight [...]