Remove 2019 Remove Consumer Remove Consumer Authentication
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Why Mobile Phones Are The Better Consumer Authentication Mousetrap

PYMNTS

At this point in 2019, we’ve all dealt with some flavor of two-factor authentication that uses SMS one-time passcodes. It’s a mild piece of friction, but it’s not terribly onerous and is doing something useful: keeping consumers safe. Unless, of course, it isn’t. In a word, Prideaux noted, the problem is fragmentation. “If

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PAAY Partners With Bluefin To Further Secure eCommerce Transactions

PYMNTS

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. Cyberattacks have jumped 273 percent in the first quarter of this year over the same period in 2019.

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Do Consumers Own Digital ID Algorithms? Look To Illinois.

PYMNTS

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals. In fact, the Wendy’s fast food chain was recently hit with such a suit in Illinois.

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Wells Fargo: First Impressions Are Key When It Comes To Digital Onboarding

PYMNTS

Many of these consumers are exploring digital banking for the first time, however, and are frustrated by customer onboarding pain points. Time-consuming authentication methods, redundant application forms and sluggish processes can all drive away potential customers. Developments From Around the Digital-First Banking World.

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Fraud Decisioning Orchestrates A Response

PYMNTS

Bad people love Wawa , too – mostly for its large database of consumer information. In they went, stealing details of 30 million cards before the malware was discovered in December of 2019. So very tasty. It had apparently been running undetected for 10 months. card number.

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AML/KYC Fast-Tracked In Open Banking Boom

PYMNTS

In PYMNTS’ most recent Navigating the COVID-19 Pandemic series, based on surveys of thousands of consumers and businesses over the duration, nearly 34 percent of respondents said they are “very” or “extremely” likely to consider a firm’s digital offerings when deciding where to spend their money. percent ‘less likely to be compromised.’

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With This Ring, I Thee Pay — Buy, And Authenticate

PYMNTS

Human wrists deserve a break when it comes to payments, commerce and even authentication, right? To put it another way: Is there a better way to do wearables, to appeal to consumers who, for various reasons, might not like wearing web-connected devices on that part of their bodies? It’s a reasonable concern. Rings As Wearables.