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IndustryUpdate

a gift to someone else. Sixty-four percent of Gen Zers
would consider giving credit card points or rewards as
a gift, compared to just 26 percent of millennials. Male
respondents indicated they are more likely than women
to consider giving credit card points or rewards as a
gift—61 percent of male respondents versus 50 percent
of female respondents. And for 25 percent of partici-
pants, plane tickets are the most desirable travel-related
gift, followed closely by hotel stays (17 percent) and cash
(16 percent).

MaaS to grow by more than
350 percent in five years
A new study from Juniper Research, Mobility-as-a-Service:
Business Models, Vendor Strategies & Market Forecasts 2022-
2027, found that mobility-as-a-service (MaaS) will gener-
ate revenue of $92 billion globally by 2027, up from $20
billion in 2022. Growing by 357 percent over the period,
the main drivers will be the cost and convenience of
MaaS solutions and the increased investment into MaaS
infrastructure, researchers found.

The report also predicted that, by 2027, 65 percent of
global MaaS revenue will be generated through sub-
scriptions. MaaS platforms provide consumer urban
transport solutions, such as bus, metro and ride hailing,
all integrated into a single platform, enabling users to
organize a multimodal journey through one billing rela-
tionship, they added.
LexisNexis Risk Solutions assesses
global state of fraud, ID
LexisNexis Risk Solutions released the results of its
first Global State of Fraud and Identity Report, exploring
research and insights from industry experts on recent
statistics and trends from the research firm's studies on
the global true cost of fraud and transaction data from
over 39 billion transactions from the LexisNexis Digital
Identity Network from January 2022 to June 2022.

The report demonstrates how digital transactions domi-
nated the global marketplace as the pandemic-driven
trend of consumers migrating to online interactions
became commonplace behavior, researchers noted, add-
ing that digital transactions in the LexisNexis Digital
Identity Network rose by 37 percent year-over-year for
the period.
X9 study demystifies quantum computing risks

The Accredited Standards Committee X9 Inc. (X9) pub-
lished an updated version of Quantum Computing Risks
to the Financial Services Industry, denoted X9.IR-F01-2022.
The 120-page document, available for download at no
charge at www.X9.org, delivers a broad background on
quantum computing and the security risks it is expected
to pose to cryptography—specifically, the cryptography
the financial services industry depends on.

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