P2P payments can play a big role in the B2B realm, while artificial intelligence is pulling more weight in the world of fraud. Facebook is seeking more of a voice in digital payments, and work is increasing to solve the payments problem for elective medical procedures.
Data:
32 million: Number of consumers who paid for at least one elective medical procedure during a six-month period
$10 million: Investment required for Libra Association membership
Less than 0.1 percent: Visa’s global fraud rate
$50 billion: Potential revenue generated via elective medical procedures if payment plans were offered
50 percent: Portion of corporate transactions still tied to checks
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