Digital business is expected to account for 25 percent of the world’s economy by 2020.
So, it should be no surprise that the payment processors industry is already a $300 billion business. And, with the growth of mobile payments, this industry is expected to grow to more than $700 billion. In the U.S. alone, it is anticipated that approximately 50 percent of all digital buyers will make mobile payments.
Of course, all of this activity attracts attention from cybercriminals, who want their piece of the pie. As such, online card fraud is expected to reach more than $70 billion by 2022.
With the ever-present threat of fraud and cybercrime, how can payment processors increase customer confidence and efficiency?
This eBook provides insight on how payment processors can reduce risk and simplify the onboarding process while still complying with regulatory requirements.