Finovate

JUNE 5, 2025

From AI in the service of greater personalization and sales performance to innovations in voice authentication and fraud prevention, the latest round of interviews on the Finovate Podcast provide fascinating insights into how fintechs are helping financial institutions meet their most demanding challenges. EP 259: Andrew Reese, Solda.ai

Authentication 52

Authentication AI Fraud Prevention Credit Union 52

Fintech Finance

DECEMBER 6, 2024

Using device-based biometrics, such as fingerprints or facial scans, payment passkeys replace other authentication methods like one-time passwords (OTPs) to make online transactions not only faster and more convenient, but also more secure against fraud and scams. Upon successful authentication, the transaction is completed.

Visa 98

Visa Authentication Scams Payments 98

Fintech News

FEBRUARY 4, 2025

Even in a highly secure payment environment with the widespread adoption of multi-factor authentication (3DS), phishing remains a major concern. About 29% of consumers prioritise shopping at stores with enhanced security measures, and 21% prefer retailers that require two-factor authentication (2FA).

Fraud Prevention 92

Fraud Prevention Phishing Authentication Disputes 92

VISTA InfoSec

MARCH 13, 2025

These updates include increased flexibility for businesses and stronger authentication requirements, ensuring better protection in todays dynamic digital landscape. Access control and authentication PCI DSS enforces stringent access control measures, ensuring that only authorized personnel can access sensitive payment card data.

PCI DSS 165

PCI DSS Data Breach Breach Compliance 165

Fintech Finance

MARCH 11, 2025

.” Reactions to Two-Factor Authentication (2FA) and Strong Customer Authentication (SCA) Following the introduction of Strong Customer Authentication requirements in the second Payments Services Directive (PSD2) the majority of travel purchases initiated in Europe now incorporate Two-Factor Authentication (2FA).

Payment Security 96

Payment Security Security Data Breach Authentication 96

Fintech Finance

JUNE 8, 2025

Banks commonly rely instead on outdated authentication methods like PINs, passwords, and repetitive verification steps, for even the simplest transactions. The disconnect between everyday smartphone verification and banking authentication is becoming harder to justify as payment technology and regulation advance.

Online and Mobile Banking 86

Online and Mobile Banking Authentication Credential Verification 86

Fintech Finance

NOVEMBER 13, 2024

Where passwords or one-time codes are obsolete, and secure on-device biometrics allow seamless authentication across devices and websites, ensuring personal data stays on the device. Imagine a future where no physical card numbers are needed for purchases.

Visa 98

Visa Authentication Issuers Payments 98

NFCW

JANUARY 23, 2025

The STEVAL-25R200SA kit incorporates ST’s new ST25R200 reader/writer IC and is designed to help engineers “quickly build proof-of-concept models to demonstrate convenient short-range wireless communications for device pairing, configuration setting, or product authentication to ensure brand protection,” ST says.

ISOs 109

ISOs Authentication Use Case Product 109

The Payments Association

NOVEMBER 28, 2024

It emphasises strong customer authentication and transaction transparency. The revised regulations on strong customer authentication and liability rules are significant. Authentication: There will be stricter protocols to verify the identity of users during transactions. What are PSD3 and PSR?

Authentication 88

Authentication Regulations IBAN Rules 88

Basis Theory

NOVEMBER 12, 2024

At the very least, tokenization platforms should use an authentication mechanism, like OAuth, to restrict who has access to this data. Fortunately, most tokenization platforms offer authentication , encryption, and permissioning features to make sure your data is safe. This can be inconvenient and unwieldy.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

Fintech News

MAY 8, 2025

These advanced impersonations, which use convincing AI-generated audio and video, trick users into revealing multi-factor authentication (MFA) codes or approving unauthorized authentication requests. India is experiencing a rise in deepfake identity fraud, with cases surging by 550% since 2019. billion) in 2024 alone.

Data Breach 118

Data Breach Deepfake MFA Phishing 118

Clearly Payments

OCTOBER 30, 2024

PSD2 (Payment Services Directive 2) : Also in the European Union, PSD2 aims to strengthen consumer protection and requires two-factor authentication for payments. Require strong customer authentication : Two-factor authentication can reduce fraud risks, especially in regions where it’s legally required.

International Payments 105

International Payments Process Multi-Currency Cross-Border 105

NFCW

FEBRUARY 6, 2025

“MLB Go-Ahead Entry is a facial authentication-based ticket validation system developed by Major League Baseball as part of a continual effort to improve the fan experience of attending games,” the league explains. ” Milwaukee Brewers introduce biometric stadium access was written by Sarah Clark and published by NFCW.

Authentication 104

Authentication Continuity 104

NFCW

JANUARY 8, 2025

The company says the DPPs will also provide the authenticity of Viking products while bolstering consumer confidence in the brands commitment to responsible sourcing and circularity. DPP places new expectations on data handling in our value chain, but it also opens exciting new opportunities for our repair and take care strategy.

Product 113

Product Credential Authentication Consumer 113

The Payments Association

APRIL 30, 2025

With Tinks secure open banking technology, Paysend customers in selected regions can now authenticate and fund transfers directly through their bank, eliminating the need to manually enter details and bypassing multiple security steps. The result is a smooth, fast and secure payment experience.

Funds Transfer 88

Funds Transfer Instant Payments Authentication Cross-Border 88

Fintech Finance

NOVEMBER 25, 2024

These transactions are initiated through existing bank authentication processes, including biometric verification, making the payment process both straightforward and efficient. “At In contrast to traditional payment methods, open banking enables any bank account holder to make fast digital payments directly to a merchant.

Visa 96

Visa Payment Gateways Payments Gateways 96

VISTA InfoSec

JUNE 19, 2024

Additionally, consider platforms with strong access controls, such as multi-factor authentication (MFA) to prevent unauthorized access. On top of that, strengthen user authentication with multi-factor authentication (MFA) to reduce the risk of unauthorized access.

Risk 277

Risk Ransomware Phishing MFA 277

Fintech Finance

NOVEMBER 28, 2024

Unlike traditional PINs or passwords, sAxess utilizes fingerprint authentication and other biometrics to ensure that only authorized individuals can access sensitive data. Its self-custody approach reduces the need for intermediaries, offering control and reduced exposure to third-party risks.

Security 116

Security Transactions NFTs Blockchain 116

Fintech Finance

FEBRUARY 20, 2025

Addressing the Future of Faster Payments The 2025 Barometer highlights significant opportunities to address industry concerns, including the availability of value-added services like multifactor authentication and request for payment.

Faster Payments 102

Faster Payments Multifactor Authentication FedNow RTP 102

The Fintech Times

FEBRUARY 27, 2025

The new PagBrasil feature was launched in response to the Central Bank of Brazil’s decision to launch Pix with Embedded Authentication, i.e. a no-redirect journey for Pix payments. Now, customers will be able to finalise purchases directly where they’re shopping, be it on an e-commerce website or app. Its simple and secure.

Authentication 64

Authentication Central Bank Instant Payments Process 64

VISTA InfoSec

FEBRUARY 25, 2024

User Account Details Usernames, passwords, security questions, login timestamps, failed login attempt logs, password reset tokens, multifactor authentication details, and session IDs. Accidental data leaks by insiders mishandling information also trigger breaches frequently.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

BioCatch

APRIL 10, 2025

In the digital world where seamless automation is the priority, organisations across banking, insurance and telecom rely on government provided authentication services.

Identity Theft 59

Identity Theft Enrollments Authentication Governance 59

NFCW

MARCH 28, 2025

Everyone with a RAIN-enabled smartphone will be able to scan tags and interact with connected items, unlocking enhanced in-store customer experiences enabling up-selling, cross-selling and product authentication.

Interoperability 107

Interoperability Origination Authentication Product 107

The Payments Association

MAY 12, 2025

These flows are authenticated directly with the bank, which builds trust while cutting out intermediaries. With open banking, operators can access verified bank data in real time (with user consent), enabling instant KYC, faster onboarding, and push-based payments that reduce fraud and chargebacks.

Regulations 88

Regulations Push-to-Card Instant Payments Non-Bank 88

The Payments Association

JULY 7, 2025

It must include: Visible, user-controllable fraud protections Clear authentication journeys (e.g. Future-focused product design should account for: Tokenisation and embedded payments Wallet integration for high-frequency retail use cases Cross-device authentication (e.g.

Acquirers 88

Acquirers Consumer Online and Mobile Banking Payments 88

Fintech News

DECEMBER 10, 2024

LexisNexis Risk Solutions, a global data and analytics company under RELX, has agreed to acquire IDVerse , a provider of AI-powered document authentication and fraud detection solutions. The acquisition is expected to be completed in early 2025, subject to customary regulatory consents. Financial terms were not disclosed.

Risk 120

Risk AI Acquirers Deepfake 120

Fintech News

OCTOBER 27, 2024

Beyond the SRF, we are studying stronger, out-of-band authentication solutions, such as the use of Fast IDentity Online (FIDO)-compliant tokens, to enhance defences against unauthorised phishing transactions.” This additional friction is necessary to protect customers against large unauthorised transactions.

Phishing 133

Phishing Scams Blocks Authorization 133

NFCW

MARCH 27, 2025

NFC CHIP: The digital product passport in the shoe sole provides access to details including material origins Each of Tod’s iconic custom Gommino moccasins now comes with an NFC tag integrated into the sole that lets customers authenticate the product and learn about the origin of the materials used.

Product 68

Product CHIPS Origination Authentication 68

Fintech News

NOVEMBER 24, 2024

Whether multi-factor authentication was implemented on the compromised system remains unclear. In parallel, Finastra is “assessing and communicating which of our products are not dependent on the specific version of the SFTP platform that was compromised,” ensuring continued service for unaffected clients.

Breach 117

Breach Compromise Data Breach Credential 117

Fintech Finance

JANUARY 22, 2025

The use of multifactor authentication via the app also reduces the risk of fraud. A simpler payment experience also means fewer abandoned baskets; the high penetration of Swish in Sweden means it is likely to reduce cart abandonment by up to 69%.

Multifactor Authentication 96

Multifactor Authentication Alternative Payment Methods Payments Authentication 96

Fintech Finance

JANUARY 2, 2025

” The report highlights essential fraud mitigation strategies such as enhanced authentication, transaction monitoring, and confirmation of payee practices, as well as the importance of information sharing and consumer protection. payments industry on its faster payments journey.” faster payments infrastructure.

Faster Payments 98

Faster Payments Mitigation FPC Payments 98

The Payments Association

JULY 8, 2025

Focused supervision: NCAs are encouraged to focus on strong customer authentication, fraud reporting and own funds requirements under PSD2 while de-prioritising enforcement of other PSD2 requirements in respect of EMT transfers.

Stablecoins 88

Stablecoins Payment Service Provider (PSP) Duplicate Authentication 88

NFCW

JANUARY 31, 2025

A tablet on a stand by the gated barrier at the airports train station compares their face to the image, authenticates it and issues a ticket with a reserved seat number for the next train to Ueno. To use the service, travellers need to register on Keisei Electric Railways website with a photograph of their face and pay for a ticket.

Authentication 96

Authentication 96

Fintech Finance

NOVEMBER 26, 2024

In addition, clients can seamlessly integrate HSBC’s tools and services into their own systems, and access real-time payments tracking and benefit from mobile authentication and security.

Transactions 98

Transactions Cross-Border Payments Cross-Border Real Time Payments 98

Fi911

DECEMBER 18, 2024

The Future of Geolocation Technology in Fraud Prevention By combining it with other security techniques such as biometric authentication, multi-factor authentication, and behavioral analytics. However, businesses can strengthen their geolocation fraud prevention measures with a multi-layered approach.

Fraud Prevention 97

Fraud Prevention Fraud Detection Addressing Authentication 97

Fintech Finance

APRIL 10, 2025

With Tink’s secure Open Banking technology, Paysend customers in selected regions can now authenticate and fund transfers directly through their bank without manually entering details or facing multiple security steps. The result is a smooth, fast and secure payment experience.

Funds Transfer 59

Funds Transfer Cross-Border Authentication Payments 59

Fintech Finance

NOVEMBER 27, 2024

while protecting customers through tools like strong customer authentication (SCA), 2-factor authentication, and PCI DSS data encryption.

PCI DSS 105

PCI DSS Alternative Payment Methods Payments Data Encryption 105