Remove 2021 Remove Operational efficiency. Remove PayPal
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10 types of payment fraud and how software companies can stay vigilant

Payrix

billion to fraud in 2022, an increase of over 30% from 2021, according to the latest Federal Trade Commission data. Mobile payment fraud involves unlawful transactions made through mobile payment platforms, such as a digital wallet, contactless payment terminal, peer-to-peer transfers (think: Venmo and PayPal), and banking integrations.

Payments 100
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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

For businesses, this means faster cash flow and improved operational efficiency, as there is no waiting period for checks to clear or cash to be counted and deposited. Earlier in 2021, Finder.com found that roughly 150 million North Americans have used a digital wallet at one time or another as their preferred payment method.