The Future of Digital Payments: An Industry in Transit with Multiple Fraud Opportunities
The fragmented nature of data complicates the process of gathering and analyzing the information needed to identify and assess risk, and drive better fraud prevention decisions. The APIs and open data that underpin the technology of fintechs, neobanks, and other disrupters offer superior ease of connectivity but also contribute to data fragmentation, making it difficult to gather a holistic picture of risk.
To better detect latent risks and emerging fraud tactics, forward-thinking organizations employ a multilayered approach to fraud prevention. Layered solutions help balance customer experience with the appropriate level of security to minimize fraud while maximizing conversion rates.
Download the ebook “The Future of Digital Payments” to learn:
- How digitalization is impacting the payments landscape
- Why payments-as-an-experience is coming of age
- Why payments fraud is a global problem with regional nuances
- How businesses can optimize their fraud defenses across the payment journey
