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Over the years, hackers have developed sophisticated tactics aimed at finding and exploiting vulnerabilities. Currently, the increasing losses arising from fraud account for 5 percent of the total revenue of the company. With the growing amount of data generated from various transactions, businesses are now taking proactive steps to minimize losses from cyber threats and fraud. As such, identification and prevention of fraud have become one of the top priorities across a range of industries.

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Payment processing solutions market is highly vast and dynamic, as the developing countries focus on innovation and research & development. The developing countries are early adopters of technologies in different verticals. Out of various modes of payment, a credit card is the best mode of payment by consumers in both ways online and point-of-sale (POS) methods worldwide.

What are payment processing solutions?

Payment Processing Solutions can be defined as the process and service that mechanizes p