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Antom Receives SOC 2 Type II Certification as It Enhances Unified Merchant Payment Services

Fintech Finance

Antom , a leading unified merchant payment services provider under Ant International, has received Service Organization Control (SOC) 2 Type II certification, a globally recognised benchmark for data security and privacy protection. Built-in fraud protection prevents e-wallet account takeover risks.

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Call Centers Batten Down The Account Takeover Hatches

PYMNTS

That the Equifax breach will be a major watershed moment in the history of data security, impacting consumers nationwide for years to come, is not a terribly controversial point. Lock your Social Security number (SSN) and resolve to pay only with cash for the rest of your life and only use those services at which you can pay in person?

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Today In Data: The Future Of Data Security  

PYMNTS

138 | Percentage increase in cosmetics account takeover fraud losses in Q2 2017. 87 | Percentage increase in consumer electronics account takeover fraud losses in Q2 2017. 55 | Percentage increase in account takeover fraud losses in Q2 2017.

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Privacy Regulations, Developing Trust Leads To New Revenue Streams for FIs

PYMNTS

And new regulations are taking root or are on the horizon to help protect consumers, their data and how that data might be used. At the same time, banks and other firms must find new ways to verify and authenticate users and gird against theft and account takeovers. Data security is such an important topic,” he said.

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When Fraud Risk Is Credit Risk In Disguise

PYMNTS

In many cases, Yu told Webster, the fraud situation is “much worse than before,” especially when it comes to ID theft and account takeovers. After the card [issued establishes] baselines to prevent account takeovers, that’s actually easier” than preventing fraud during the application phase, Yu said. Fraud Getting Worse.

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Keeping Theater Order-Ahead Fraud- And Drama-Free

PYMNTS

However, the rise of mobile ordering also comes with growth in account takeover fraud. Mexican food chain Chipotle is adding further support for mobile in the next year, launching an online “drive-through” that will allow users to pre-order items and pick them up at a time of the customers’ choosing. About the Tracker.

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Fiserv: Merchants And The Need Multilayered Security In A Digital-First World

PYMNTS

For example, the bad guys can use it to impersonate good consumers and undertake account takeover fraud, or they can trick systems entirely and create synthetic identities that can open cards, take out loans and even start mortgages. Consumers Demand Fraud Protection .