Analytics can form the foundation for fighting payment fraud, mitigating risk and limiting costs. Fraud can take a significant chunk out of profits for eCommerce and other online operations. For instance, a 2022 report estimated that 3.6% of global revenue was lost to payment fraud. But fraud costs go beyond…

Analytics can form the foundation for fighting payment fraud, mitigating risk and limiting costs. Fraud can take a significant chunk out of profits for eCommerce and other online operations. For instance, a 2022 report estimated that 3.6% of global revenue was lost to payment fraud. But fraud costs go beyond…

Regulatory compliance tops the priority list for payment service providers but presents layers of local, regional and international complexity. Regulations vary among countries and financial institutions and can shift depending on payment method, amount and purpose. …

Recent independent research from Trulioo found 87% of consumers have become more careful with their money during the past three years, and 74% acknowledged they are anxious about their finances. Consumers are increasingly drawn to online marketplaces for their speed and convenience, but those same customers have grown more cautious…

Money service businesses (MSBs) face the high hurdle of getting licensed in each U.S. state where they operate. That licensing can be expensive and time-consuming. According to one estimate, it can cost at least $1 million and take about two years to get a state license. Fintechs, crypto companies and…

Crypto businesses can reassure wary customers by showing them security is a top priority through identity verification, according to recent research from Trulioo. The “Crypto customers call for reassurance in uncertain times” industry report found consumers now regard identity verification checks as vital and reassuring steps, rather than an inconvenience…

Digitized and automated business-to-business (B2B) payments are forecast to reach $1.61 trillion in global market value by 2028. From traditional paper checks to automated payment systems, B2B payment options are plentiful. …

The Lightning Network holds the potential to significantly increase transaction speed and volume for the bitcoin payments system. The network’s capacity passed 5,000 bitcoins in October after exceeding 4,000 in June. Network adoption is growing, though it remains relatively small compared with the payment giants. “In 2021, Visa handled more…

Economic uncertainty, geopolitical turbulence, and emerging fraud and identity theft threats have left people more cautious when engaging with online payment providers. Those companies recognize consumers value security through identity verification and are taking steps to meet those expectations, according to comprehensive, independent research Trulioo recently commissioned. …