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Financial industries are particularly vulnerable to payment failures

By Puja Sharma

August 01, 2022

  • A2A Payments
  • Airline Payment Solution
  • Apple Pay
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In 2020, failed payments are estimated to cost the global economy $118.5 billion in fees, labor, and lost business, according to LexisNexis Risk Solutions. This is a major concern, but one that can lead to a discussion regarding banks, financial institutions (FI), and FinTech tolerance of failed payments. Airlines and outbound travel agents risk losing […]

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