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Payment Hubs Rescue Banks From $100 Million Digital Payments Chaos

  • FinTechs and digital-first challengers have raised consumer expectations for frictionless transactions.
  • Traditional banks are facing pressure due to complex and siloed payment systems, leading to inefficiencies.
  • Businesses lose an average of $98.5 million annually due to disruptions in money movement, citing cyber threats, fraud, and regulatory complexities as main contributors.
  • Payment hubs provide unified platforms that streamline payment processing, offering faster transactions and enhanced security and compliance.

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