Fintech Finance

MAY 22, 2024

myTU , the fintech pioneering the use of cloud-only infrastructure and AI to transform consumer banking, announced the release of a new API product, “ Payouts API ,” designed to help businesses optimise their financial processes and enhance operational efficiency.

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API Payment APIs and Integration Process Multifactor Authentication 59

PYMNTS

SEPTEMBER 5, 2019

The latest Call Center Commerce Tracker looks at how call centers are using artificial intelligence (AI) and biometrics to keep customers satisfied and safe, as well as new voice and visual trends. Digital communications company Twilio is using AI to make voice prints a form of back-end authentication. AI Aids Customer Service.

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MFA Authentication Multifactor Authentication AI 59

PYMNTS

DECEMBER 30, 2016

The use of deep data science and artificial intelligence (AI) is paving the way for more contextual promotions, virtual reality technologies are becoming more affordable for virtual product demos, and customer experience expectation is driving the need for a more seamless checkout process.

Multifactor Authentication 56

Multifactor Authentication Point-of-Sale (POS) Payments Authentication 56

Global Fintech & Digital Assets

DECEMBER 11, 2023

Technical Controls The Amendments introduce a number of heightened technical controls, including: Multifactor Authentication: With only very limited exceptions, multifactor authentication (MFA) is now required for “any individual” accessing “any information system” of a covered entity.

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Cybersecurity Multifactor Authentication Risk Assessment MFA 59

PYMNTS

SEPTEMBER 14, 2020

In addition to employee training, organizations do have an opportunity to elevate their security technology investments, particularly when it comes to artificial intelligence (AI). Again, AI — and the information gathered from previous breaches — can be powerful protection tools. Blackbaud's data breach isn't unique, per se.

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Breach Multifactor Authentication Ransomware Email Compromise 52

PYMNTS

NOVEMBER 16, 2020

Customer education is only half the battle, however, and FIs like KeyBank must also leverage behind-the-scenes authentication and pattern recognition technologies that use artificial intelligence (AI) and machine learning (ML) to identify and flag suspicious transactions. “We

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Authentication Multifactor Authentication Best Practices Fraud Prevention 72

PYMNTS

SEPTEMBER 4, 2019

As a result, banks like TD Bank are approaching call center security needs with tools like multifactor authentication (MFA). In a PYMNTS interview, Richard Noguera, chief information security officer at Yapstone , discusses the findings of the playbook titled “Meeting the Millennial Need for AI-Powered Visual Shopping.”

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Visa Multifactor Authentication MFA Authentication 40

FICO

JANUARY 22, 2020

AI can’t slow down the clock, but it can help create systems that are radically quicker to recognize a transaction that smells likely to be fraudulent. Banks were asked which identity and authentication strategies they used, with the majority saying they used multifactor authentication (84 percent).

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Real Time Payments APACS Multifactor Authentication Account Takeovers 52

PYMNTS

MARCH 20, 2018

When different customers ask an artificial intelligence (AI)-based virtual assistant the same question, they’re likely to do so with different words, said Rafferty. That is equally true for generalized AIs serving groups or specific types of customers, as well as for those serving individuals, he said. A Mature Voice Skill.

Multifactor Authentication 44

Multifactor Authentication AI Best Practices Participant 44

FICO

JANUARY 27, 2020

FICO Identity Proofing and FICO Authentication Suite give consumers exactly what they have been searching for – the perfect balance between a frictionless and secure experience. In the next two years, biometrics will be table stakes, and a critical add to the layer controls provided by multifactor authentication.

Financial Crimes 52

Financial Crimes Crime Identity Theft AML 52

PYMNTS

MAY 22, 2020

Banks must instead leverage multilayered defenses that harness employee and customer education, ironclad verification and artificial intelligence (AI)-enhanced fraud detection systems to keep customers’ money and personal data safe. Understanding the Scope of Financial Crimes.

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Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

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.

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Online and Mobile Banking Authentication Privacy Multifactor Authentication 44

Nanonets

SEPTEMBER 12, 2023

Intelligent Data Extraction: Kofax's intelligent data extraction capabilities leverage Artificial Intelligence (AI) and Machine Learning (ML) to understand and process unstructured data, such as invoices, receipts, and contracts. Automate manual data entry using Nanonet's AI-based OCR software.

Automation 52

Automation Payment APIs and Integration Process Multifactor Authentication 52

Nanonets

FEBRUARY 26, 2024

Automate manual data entry using Nanonet's AI-based OCR software. Nanonets Nanonets is an AI-based OCR software that automates data capture for intelligent document processing of invoices, receipts, ID cards, and more. Automate manual data entry using Nanonet's AI-based OCR software.

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.

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Phishing Multifactor Authentication Authentication Credential 88