PYMNTS

NOVEMBER 13, 2020

Digital identity solutions have become increasingly widespread in recent years as alternatives or supplements to old-fashioned authentication methods like passwords. Multifactor authentication (MFA) and biometric scans are quickly becoming the norm in numerous fields, including online accounts for banks and other businesses.

Multifactor Authentication 97

Multifactor Authentication MFA Verification Online and Mobile Banking 97

PYMNTS

SEPTEMBER 21, 2020

And in one recent edition of PYMNTS’ KYC/AML Tracker details, the rise of open banking is likely to spur a “fast track” for new AML efforts, including multifactor authentication (MFA) and strong customer authentication (SCA) processes.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) SARS 139

PYMNTS

OCTOBER 8, 2020

This is why verifying consumers’ identities by authenticating their email addresses and other details must be as seamless as the rest of the onboarding experience, Ryan Wuerch , CEO and founder of cash-back platform Dosh , said in a recent PYMNTS interview. . We have bank-level encryption to ensure information is safe and secure.

Verification 83

Verification Multifactor Authentication Authentication Online and Mobile Banking 83

PYMNTS

AUGUST 24, 2020

Hackers will either use C-suite executives', finance team members', or suppliers' email addresses, or create ones that look very similar, to send their messages and trick professionals into thinking someone legitimate is making a request to alter payment procedures. At the heart of BEC and other scams is impersonation.

Deepfake 61

Deepfake Business Email Compromise Scams Multifactor Authentication 61

PYMNTS

NOVEMBER 17, 2020

This negative experience is due to a number of factors, including ineffective communication, unclear directions on how to access their devices, and tedious processes when setting up their accounts that often require multiple password entries and multifactor authentication (MFA) setup.

Multifactor Authentication 107

Multifactor Authentication Online and Mobile Banking Checks MFA 107

Fintech Finance

MAY 22, 2024

MyTU implements advanced security through custom multifactor authentication, which integrates multiple ECDSA keys with IP and DNS data verification, and utilizes secure timestamps alongside bidirectional out-of-band communication, to ensure the highest standard of security and compliance.

API 59

API Payment APIs and Integration Process Multifactor Authentication 59

PYMNTS

NOVEMBER 16, 2020

Multifactor authentication (MFA) has become commonplace for online accounts, with users confirming their identities via text messages sent to their phones. Biometric authentication methods like fingerprint and facial recognition scans are now standard on the latest smartphone models.

MFA 71

MFA Verification Online and Mobile Banking Multifactor Authentication 71

Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered entities’ incident response plans must also expressly address procedures for recovery from backups, root cause analysis, evaluation of business impact, and prevention of recurrence of incidents. By November 1, 2025, covered entities must comply with multifactor authentication and asset inventory requirements.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

PYMNTS

JULY 9, 2018

” The data that was breached includes names, email addresses and some of its customers’ phone numbers. The company said that it never stores credit card data or financial information, location data or IP addresses. According to Timehop’s timeline, a network intrusion happened at 2:04 p.m.

Data Breach 40

Data Breach Breach Multifactor Authentication Credential 40

PYMNTS

NOVEMBER 13, 2020

It’s hard to say if they are,” said McLain, who added that some issuers have gotten their arms around the shift to multifactor authentication to make online purchases more secure, and some are wrapping things up. Acquirers, he said, are obligated by the new regulations to perform transaction risk analysis. The X (Border) Factor.

Issuers 61

Issuers Multifactor Authentication Cross-Border Acquirers 61

PYMNTS

SEPTEMBER 5, 2019

Sacknoff recently spoke to PYMNTS about examining how these authentication tools fit each channel customers use to interact with businesses. Fraud is an ever-evolving space, [so] it’s important, with multifactor authentication, to look at it holistically,” she said.

MFA 46

MFA Multifactor Authentication AI Authentication 46

PYMNTS

APRIL 30, 2018

PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication. Multifactor authentication does introduce new frictions that could make purchasing goods online less desirable. SCA pulls in factors such as ownership (i.e., SCA pulls in factors such as ownership (i.e.,

Multifactor Authentication 55

Multifactor Authentication Disputes Regulations Authentication 55

PYMNTS

SEPTEMBER 14, 2020

When it comes to preventing an attack, multifactor authentication and other kinds of multilayer security measures, plus the practice of frequently updating software and installing patches, remain the tried-and-true defenses. Blackbaud's data breach isn't unique, per se.

Breach 52

Breach Multifactor Authentication Ransomware Email Compromise 52

PYMNTS

AUGUST 16, 2018

PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication. Onboarding can involve such factors as IP addresses, geolocation and even biometrics to confirm the identity on the other end of the mobile relationship. SCA pulls in factors such as ownership (i.e.,

Mobile Payments 51

Mobile Payments Multifactor Authentication Authentication Payments 51

The Fintech Times

MARCH 6, 2024

Addressing fraud and enhancing security measures has become increasingly vital with tokenisation emerging as a crucial tool for safeguarding digital payments, whether they occur in physical retail stores at the point of sale or take place virtually. I often liken fraudsters to a game of Whack a Mole.

Digital Payments 64

Digital Payments Innovation Security Issuers 64

PYMNTS

JANUARY 6, 2017

While many of the survey respondents plan to expand or implement multifactor authentication in the coming months, enterprise security still has a long way to go in addressing vulnerabilities, especially as employee mobility increases.

Scams 53

Scams Multifactor Authentication Federal Trade Commission FTC 53

Stax

FEBRUARY 28, 2024

This integrated approach addresses modern consumers’ evolving expectations. It’ll also help you address customer pain points to maximize their revenue potential. To add an extra layer of security, implement strong password policies and multifactor authentication for user access.

Payment APIs and Integration 88

Payment APIs and Integration Automation PCI DSS Best Practices 88

PYMNTS

SEPTEMBER 29, 2017

The real concern is that the most personal of data — names, Social Security numbers, credit card numbers, addresses, birthdates, driver’s license numbers — of basically the entire adult population of the United States has disappeared into the dark web. Unfortunately, Brown admitted, that isn’t even the bad news in this story.

Account Takeovers 41

Account Takeovers Accounts Data Breach Breach 41

PYMNTS

AUGUST 15, 2018

BioCatch said it uses its founders’ expertise in big data, machine learning and AI “to address the next generation of cyber threats by focusing on the behavior of the fraudster as opposed to adding new endpoint security layers,” according to a statement. The general aim of the PSD2 is payments innovation. Security, though, is another goal.

Online and Mobile Banking 44

Online and Mobile Banking Authentication Privacy Multifactor Authentication 44

PYMNTS

OCTOBER 25, 2017

They are also designing backup authentication for other forms of biometric security technology, including fingerprint scanners and facial recognition software. The idea is that multifactor authentication, even if it’s more than one form of biometric authentication, is a better defense than any one type of authentication by itself.

Security 40

Security Authentication Multifactor Authentication Cybersecurity 40

Nanonets

SEPTEMBER 12, 2023

It addresses the automation and document management needs of businesses in the following ways: Document Automation: Nanonets can automate document processes like document data capture, extraction, document verification, document search, document archiving, and more.

Automation 52

Automation Payment APIs and Integration Process Multifactor Authentication 52

Nanonets

FEBRUARY 26, 2024

This flexibility allows finance professionals to address their unique document processing needs effectively. Users can create up to 50 different parsers, enable multifactor authentication, and enjoy priority support and parsing access. Audit Ready: Nanonets maintains a secure log of all activities for audit requirements.

Accounts 52

Accounts Payment APIs and Integration Automation Multi-Currency 52

The Payments Association

FEBRUARY 17, 2025

When the victim enters their credentials, the attacker captures these details and may steal session cookies to bypass multifactor authentication (MFA). Using stolen session cookies, the attacker can authenticate themselves into the victim’s account, gaining unauthorised access to emails or other resources.

Phishing 88

Phishing Multifactor Authentication Authentication Credential 88

The Payments Association

JANUARY 14, 2025

Participants highlighted the potential of open banking to transform financial services but stressed that addressing fraud vulnerabilities is critical to sustaining trust and fostering growth. The introduction of strong customer authentication (SCA) was intended to enhance safety by requiring multifactor authentication for transactions.

Fraud Prevention 88

Fraud Prevention Financial Crimes Crime Participant 88