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Identity Protection Direct-to-Consumer Services Reach $1.4B in a Year Ridden with Data Breaches

Eighth Annual Study Awards EZShield as Best Overall Identity Protection Service Leader. Affinion Group, Equifax, IdentityForce, IDWatchDog, keepmyID, LegalShield, LifeLock, and myFICO Earn Top Awards too

San Francisco, CA, April 22, 2015: The past two years have brought a notable transition in the fraud landscape of the U.S. with massive data breaches at big-name retailers. In 2014, 2.5 times more consumers were notified that their personally identifiable information had been compromised in a data breach than in 2013. As a result, consumers spent over $1.4 billion on ID protection subscriptions between late 2013 and 2014, and another 23.9 million individuals held a free subscription.

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Real-Time Payments on the Horizon for the U.S.

Javelin Strategy & Research Defines Current U.S. Real-Time Payments Market and Opportunity

San Francisco, CA, April 21, 2015: The Federal Reserve made a call to action for revamping or rebuilding the U.S. payments ecosystem to deliver a world-class real-time payment network. While the United States has lagged in enabling real-time payments in the past, this new edict could fuel development, although it might not reach fruition until the next decade.  Until then, a variety of third parties can enter the market. Javelin Strategy & Research recently released The Slow Crawl to Real-Time Payments, a report that explores key payment initiatives and investigates the timeline of adoption for real-time payments in the U.S. and identifies key benefits for various stakeholders.

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Javelin News

Apple Watch Will Launch Smartwatch Revolution: Report

MobileIDWorld - Market research firm Javelin Strategy & Research has come out with some new data and predictions for the Apple Watch and the overall smartwatch market. Javelin predicts that 15 million Apple Watches will be sold in the device’s first year, whereas “the real test comes in the second year, when the ‘fast followers’ come on board.”...

US EMV roll-up will see migration of fraud to other channels

banking technology - Al Pascual, Director of Fraud & Security at Javelin Strategy & Research spoke at the NACHA Payments 2015 conference in New Orleans. He expects to see growth in mobile payment fraud, which will hit $18 billion by 2018. However, he believes that the prediction on a spike in CardNotPresent fraud are over-hyped.

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