Remove Account Takeovers Remove API Remove Consumer Authentication
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Why Mobile Phones Are The Better Consumer Authentication Mousetrap

PYMNTS

There are all kinds of verification use cases, he said, that don’t quite need full AML/KYC compliance, and classification purposes as to whether the consumer is in good standing or not. Preventing mobile account takeovers of existing accounts, or recognizing and proactively thwarting identity theft are two of the most common.

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Fighting Fraudsters At The FI/Customer Journey Starting Line

PYMNTS

Increasingly, fraudsters are striking at the very beginning of customers’ relationships with banks and credit unions (CUs), focusing their efforts on account takeovers and new account fraud. There are new data privacy concerns, too.”.

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As PSD2 Gets Off the Ground, Fraudsters Gear Up

PYMNTS

The drive to open up APIs and make payment-related data more available to third parties will bring in “more players to the ecosystem,” which, in turn, will drive “a need for a 24/7 operation of fraud investigation teams, along with implementing real-time fraud transaction monitoring systems,” according to Topliss. Call Center Threat.