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FTC: Facebook Lied To Users About Authentication, Facial Recognition

PYMNTS

The phone number issue concerns Facebook’s two-factor authentication, which allowed users to ask for a one-time password via text when they log onto the site. As part of a 2011 FTC consent decree, Facebook allowed continuous privacy checkups by PricewaterhouseCoopers LLP. The new board committee will be added to the existing team.

FTC 53
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PAAY Partners With Bluefin To Further Secure eCommerce Transactions

PYMNTS

PAAY provides strong authentication at the front door and Bluefin encrypts and tokenizes the data at the point of interaction on the web. New York-headquartered PAAY, a consumer authentication innovator co-founded in 2011 by James Ruffer and Yitz Mendlowitz, has a new security solution that aims to obliterate hacking and fraud threats.

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Behind the Idea: Juspay

The Fintech Times

In 2011, India made two-factor authentication mandatory for digital payments. Our early products focused on making two-factor authentication feel seamless, and that principle still shapes how we build today. We began by solving one specific problem, making two-factor authentication smoother.

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Uber Of X: WeGoLook Is The Uber Of Authentication

PYMNTS

An issue that can arise when buying sight unseen — rather than going to see the item in person — is that it can be difficult to ascertain authenticity. Through its on-demand service, the company uses its employees to physically go check out items prior to consumers making a purchase to ensure quality condition and authenticity.

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Can Biometric Authentication Make Employees’ Jobs Easier?

PYMNTS

If that weren’t enough, its unique “thump-thump” beating sound can now also authenticate a user on a Windows PC or even pay for a purchase, thanks to wearable biometric authentication technology from a company called Nymi. What we’re working to deliver is persistent authentication,” Martin told PYMNTS.

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The FCA’s latest ‘Dear CEO’ letter – Key priorities for payments firms

Neopay

This latest communication is particularly relevant to firms authorised under the Payment Services Regulations 2017 (PSRs) and the Electronic Money Regulations 2011 (EMRs), including Electronic Money Institutions (EMIs), Payment Institutions (PIs), and Registered Account Information Service Providers (RAISPs).

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Deutsche Bank Internal Investigation Finds Russian ‘Dirty Money’

PYMNTS

An internal investigation at Deutsche Bank has found that it processed at least â‚Ĵ175 million (nearly $197 million USD) in dirty money for Russian criminals between 2011 and 2014. According to Financial Times , the money was part of a $20 billion scheme known as the “Russian Laundromat,” which was leaked from a supervisory board presentation.