Fraud happens; given the online faceless nature of transactions. Fraud thrives in these circumstances and anyone with access to stolen information can commit it easily. Creating a trusted identity that can withstand fraud is daunting, especially when fraudsters have economic advantages that tilt the odds in their favor.

Everyone is talking about Apple's decreasing hardware revenue and increasing service revenue. Experts expect service to be the growth engine that results with 100 bps and 400 bps increase in gross and contribution margins respectively in the next five years.

Cost of Payments is an elusive and mysterious topic. There is hardly a mention on the web, no clear definition or explanation found.