How do you solve a $48 billion payment fraud problem?
More than people attended to learn more about clients and usages of the digital world. Philippe presented its vision on the next generation digital security showing how Gemalto is protecting the entire life cycle of the digital service. ACT Canada is the internationally-recognized association driving payment evolution and digital identity. The IVIE Awards, celebrate innovation in payments and digital identity products and recognize the ingenuity of the winners and the value that implementations of emerging technologies bring to the market. Featuring analysis, strategic recommendations and success factors for the changing and competitive digital banking market — today and tomorrow. Industry giants will have to rethink their business model, and take on a new role as mobility service providers.
ONLINE DATING SOLUTIONS
A new study from Juniper Research has found that digital ticket transaction volumes will exceed pre-COVID levels by ; rising from It anticipates that continued easing of global travel restrictions will drive increased demand for mobile ticketing in the rail, metro and bus sectors, as commuters return to work. The research Digital Ticketing: Industry Trends, Opportunities and Market Forecasts urges transport authorities to execute swift transformation strategies to satisfy changing customer preferences or risk missing opportunities to reduce cash use and drive mobile ticketing adoption post-pandemic.
Air ticketing is already highly digital, with features such as online check-in well-established. Therefore, digital transformation cannot offer the.
A new study from Juniper Research found that the number of businesses using asset tracking solutions will reach 90 million this year and exceed million by Asset tracking solutions enable enterprises to track cargo from dispatch to final destination; allowing increased transparency and more accurate delivery date estimations.
Expectations from Western consumers on the traceability of assets will drive Chinese manufacturers and logistics operators to implement asset tracking solutions. Failure to provide up-to-date tracking information will lead customers to source alternative suppliers, even if this comes at a higher price. Investment in tracking solutions provides enterprises with a strong return on investment, through the improvement of customer experiences and reduction of attrition.
Small enterprises that rely on customer retention to offset initial onboarding costs will find these solutions particularly beneficial. June 18,
AI in FinTech Research Report – Juniper Research
A new study from Juniper Research has found that memberships of loyalty programmes with a digital element will increase from 37 billion in to 48 billion in globally. The study recommended that retailers adopt digital loyalty solutions that enable them to leverage their abundant customer data to offer omnichannel loyalty experiences; combining offline and online touchpoints. QR coupons will continue to grow strongly in China as QR payments are dominant there, but QR coupon redemption in India and Africa will also grow three-to four-fold in the next 5 years as the appeal of QR widens.
In markets where QR payments are gaining traction, loyalty must follow, or it will lose out to more locally appropriate solutions. The US is expected to remain the largest market for corporate card rewards over the next 5 years, despite a COVID-related dip, as businesses look for ways to optimise cashflow and harmonise corporate spending. Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.
A new study from Juniper Research has found that eCommerce merchant The new research, Online Payment Fraud: Emerging Threats, Segment To date, Air Doctor clients have seen an increase in insurance revenues.
It urged traditional retailers to offer omnichannel offerings to ensure services align with ever-increasing consumer expectations. The shift to mobile has impacted purchasing behaviour, with the average value of transactions expected to decline by Underpinning this growth, and change in average transaction values, is the adoption of mobile ticketing — which is becoming increasingly remote and cashless. Juniper Research assessed digital strategies of 25 leading bricks-and-mortar retailers according to their levels of agility and innovation.
The Home Depot ranked first, owing to its proactive e-commerce strategies and engagement with new technologies, such as augmented reality and analytics, to improve online consumer experiences. Analytics is leveraged to adapt to evolving customer behaviours and AR technology; enabling customers to visualise virtual products in the real world via their smartphones.
Bricks-and-mortar retailers have to go beyond simple e-commerce to become digital-first companies. Retailers must fundamentally embrace the digital era by optimising data analytics and embracing new technologies; enabled by radical internal organisational change. Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.
Source: Juniper Research. Online dating has proved to be a high-risk vertical due to the increased level of chargebacks. The checkout process with credit and debit card-based payment solutions are and will remain to be time-consuming and a ponderous experience for the users. One thing we know for sure : they all have mobiles!
Reduce your chargeback costs — the chargeback ratio is far lower for transactions by Direct Carrier Billing compared to those of credit cards. Encourage and boost impulse purchases — no need for any kind of account or card registration process.
Since the company’s earlier research, companies like Uber and Lyft “have Despite growth, pressure on companies like TaskRabbit – an online and Based on figures released to date, “consequently, Juniper found that the.
Virtual cards are temporary, random digital card numbers that replace core payment details for specific online transactions. Juniper Research finds the value of transactions processed by virtual cards will more than treble over the next 5 years. This usage increase is being driven by businesses needing to authorise spend remotely. Consumer virtual card products to date have been mostly small scale and not used to their full potential, according to the report.
Consumer Market Still Small Scale, Despite the Apple Card Consumer virtual card products to date have been mostly small scale and not used to their full potential, according to the report. Tags: Fintech Juniper Research News online transactions virtual cards.
Juniper Research Predicts VR Games Market Will Still Come Around
Memberships of loyalty programmes with a digital element will increase from 37 billion in to 48 billion in globally. The figures are contained in a new study by Juniper Research. The whole loyalty market in Australia is under scrutiny at the moment with the ACCC suggesting late last year that broader legislative reforms are required to protect consumers using loyalty schemes. The ACCC reviewed local customer loyalty schemes in early , and identified significant problems with the programs which include frequent flyer, supermarket and credit card operators.
Come dance under the stars at the Joshua Tree Music Festival and learn about Juniper Harrower’s climate change research on Joshua trees. She will guide you.
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Mobile Dating Apps: Will You Find Sex or Love?
The report — which analyzes the major drivers and disruptive factors set to influence and impact more traditional markets moving forward — provides an assessment of the core sectors of this industry, including shared transport, space, services, money crowdfunding , logistics, manufacturing, agriculture and B2B services. Canada is included among the key global regions explored in the data and interactive forecast. The surge of growth in the sharing economy is anticipated as players in sectors like transport and space press their first mover advantage.
And for shared space provider Airbnb, listings have grown from 2 million at the end of to an anticipated 3 million this year. Related: Panelists warn of risks from room rentals through sharing economy. Despite growth, pressure on companies like TaskRabbit — an online and mobile marketplace that matches freelance labour with local demand for home tasks like furniture assembly, TV mounting, moving help and more — in the shared services sector is increasing.
Online fraud is a cybertrust issue. Juniper Research estimated that advertising frauds cost online advertisers US$19 billion Date of Publication: 13 March
Our team of expert analysts are working hard to understand exactly what the COVID impact will be across every market and sector that we cover. Exclusive to Juniper Research, harvest provides deep insight and market forecasting for your business. Our data is continually updated by our analyst team, giving you the latest market intelligence as it develops with an easy-to-use interface. Our subscription packages are highly flexible, allowing you to customise them to meet your exact requirements.
This model, coupled with a seatless approach, means we deliver the insights you need for your entire team. Subscribers benefit from updates, analyst time and dedicated account managers. Clients have direct access to our expert analyst team. Whether you wish to discuss an existing research piece or find more information in a research area. Dating Activity Migrates to Mobile According to the research, a significant proportion of online dating activity is now migrating to mobile devices, with dating accounting for 4 of the top 20 grossing UK iOS apps in early Match.
The report argued that with online dating now mainstream, most net growth in the sector is likely to occur via smartphone usage. If they are to monetise content, that revenue has to come from bundling content into subscriptions or through leveraging the billing relationship.
App revenues to reach $99B annually by 2019, reveals research
Mobile dating app usage is on the rise. According to a report from Juniper Research in , social media users will grow from million to 1. According to the website, Blendr is a new social networking app that can be utilized to meet people, make new friends, chat, flirt and even date. I asked around about this app and came to gather a little too much information.
In brief, rumor has it that both of these apps are used as a means to find sexual partners friends with benefits, one-night stands, romantic dates, unfaithful lovers, etc.
The wave of data breaches in the past 24 months has flooded the market with personal information that criminals are using to steal money. They employ a variety of techniques including account takeover , where a criminal uses malware, social engineering or other means to gain access to a legitimate customer account. In addition, the lack of historical data for these new products makes new schemes harder to spot, and increases the pressure to innovate new products while maintaining adequate security, heightens the importance of defenses that adapt quickly.
Synthetic customers will build credit for months or even years, appearing to be legitimate. Such activity is often difficult to distinguish from bad debt until well after the fact. Faster payments and new products and disintermediation put pressure on the old tradeoff between convenience and security. Traditional fraud solutions built over the past 20 years are designed to spot trends in historical data.
These can be tricky to adapt to new data inputs and new fraud schemes, so are typically augmented with rules written by humans in the short term, while waiting for models to be updated over weeks or months. According to an IBM Institute for Business Value IBV study of bank C-level executives, many legacy fraud systems are perceived as hard to adapt to new, faster and changing cross-channel threats.