Fixing Some Of The Big Problems In Payments And Commerce

Cyber fraud can be a corporate killer if complacency sets in – but there’s an answer for that. There are also fixes in the works when it comes to business travel expense management. Artificial intelligence is set to fuel all kinds of innovations, and Visa is certainly making its plans. Meanwhile, fresh PYMNTS research takes a deep dive into trade credits and what could be improved in that area.

Data:

$1.5 trillion: Global annual cyber fraud losses.

100+: Visa applications that use artificial intelligence in some form.

$3.1 trillion: Net amount U.S. firms are owed in accounts receivable on any given day.

13.2 percent: Firms that regularly use immediate payment services.

$1.7 trillion: Projected annual business travel spend by 2011.