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Banks Blind To Many Cyberattacks, Research Says

PYMNTS

Many financial institutions are unable to detect a cyberattack, according to new research from Kaspersky Lab and B2B International. The research points to the sheer volume in ePayments as one key factor as to why financial service providers are challenged to identify fraudulent transactions. Reports Tuesday (Jan.

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How modern payments processing has changed: In conversation with BPC

The Payments Association

This approach allows them to quickly respond to changing market demands and consumer preferences, rolling out new features and enhancements on a much shorter timescale than the traditional waterfall development models used by legacy payment processors.” The demands of modern payments have created challenges for outdated systems.

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Neo Reaches Profitability as More Businesses Explore Alternatives to Traditional Banks

The Fintech Times

Neo also saw cleared volume double in just under a year, reaching over €7billion in 2023 alone, highlighting the growing demand from businesses for alternative banking options. As a result, 92 per cent of SMEs are having conversations about virtual account solutions such as digital wallets to help solve these problems.

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The Complete Guide to Merchant Services for Small Business Owners

Stax

They enable secure, efficient in-store and online payment processing and offer flexible payment options that customers demand today. Merchant service accounts and how they work Merchant service providers assess your credit history, business type, and expected transaction volume during application. Mobile payment solutions.

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JPMorgan Boosts Apple Price Target On Strong iPhone 11 Demand

PYMNTS

Independent research conducted by Wall Street analysts showed that first-weekend sales point to a healthy start and could offset the reduced pricing of the iPhone 11. Although bargains from Chinese retailers have hurt demand for the iPhone , the region had the third largest sales volume for Apple products in 2018.

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Alphabet’s Verily Opens Coronavirus Test Lab

PYMNTS

Hanks said the issue behind the current lags in testing primarily stems from the fact that most labs are now seeing vastly increased demand in terms of the needs for their testing services. An interview with Deb Hanks, Verily’s head of pathology, cast a light on the current issues with testing.

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Point-Of-Sale Terminal Market To Be More Than $103 Billion By 2023

PYMNTS

The volume of the global point-of-sale terminal market was more than $43 billion in 2015 and is set to grow to $100 billion by the end of 2023. The retail POS market is expected to grow to more than $30 billion by that time, according to new research from Global Market Insights.