Fintech News

FEBRUARY 4, 2025

As fraudsters adapt to security measures and consumer awareness, it is crucial to examine the most prevalent fraud types, their impact on both consumers and businesses, and the measures necessary to counteract them. Phishing continues to be one of the most prevalent scams affecting both consumers and businesses.

Fraud Prevention 89

Fraud Prevention Phishing Authentication Disputes 89

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. These advancements provide significant benefits to the wider ecosystem, including banks, consumers, and businesses.

Visa 98

Visa Authentication Issuers Payments 98

Fintech Finance

JUNE 12, 2025

When asked how digital ID verification would impact trust with merchants and financial institutions, the majority (43%) of UK consumers said it would enhance their trust when transacting online (with 33% neutral). This suggests over 27 million British consumers have been victims of fraud in just the last year.

Research 52

Research Risk Consumer Verification 52

Fintech News

OCTOBER 27, 2024

By holding these entities accountable, the SRF enhances consumer protection and provides clear avenues for victim recourse in cases of phishing-related losses. This inclusion acknowledges the increased risk of significant losses from e-wallets and mandates robust consumer protection controls.

Phishing 132

Phishing Scams Blocks Authorization 132

The Fintech Times

APRIL 2, 2025

WhatsApp prides itself on the security of its encrypted messages, however, according to new research from Revolut, the global fintech with 11 million UK customers and 50 million globally, UK consumers are losing an average of 2,437 from scams originating on the communications platform.

Scams 59

Scams Consumer Encryption Financial Crimes 59

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Banks commonly rely instead on outdated authentication methods like PINs, passwords, and repetitive verification steps, for even the simplest transactions.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

NFCW

MARCH 28, 2025

The RAIN Alliance is to create a new standard that will enable manufacturers to integrate support for Ultra High Frequency (UHF) tag reading into standard smartphones, making it possible for consumers and enterprises to interact with products containing RFID tags without needing specialist equipment.

Interoperability 106

Interoperability Origination Authentication Product 106

The Payments Association

NOVEMBER 28, 2024

In the UK, consumers and businesses make around 1,500 transactions every second. It emphasises strong customer authentication and transaction transparency. The objectives of PSD3 and PSR: Strengthening consumer protection Improved competition in payment Harmonisation of EU-legislation Where do PSD3 and PSR stand now?

Authentication 88

Authentication Regulations IBAN Rules 88

Fintech Finance

MARCH 11, 2025

Widely publicized data breaches have reduced consumer confidence and the industry needs to take proactive measures to rebuild trust. 2FA typically requires the traveler to authenticate using a One-Time Passcode or biometrics. .” 2FA typically requires the traveler to authenticate using a One-Time Passcode or biometrics.

Payment Security 96

Payment Security Security Data Breach Authentication 96

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 108

ISOs Authentication Use Case Product 108

Fintech Finance

JANUARY 22, 2025

The app, which boasts a 39%+ share of checkout in Sweden, is the Swedish consumers preferred way to pay. We know that consumers want to see payment methods they recognise when visiting e-commerce sites, explained Rosanna Helm-Visscher, Global Head of Partnerships, Ecommpay.

Multifactor Authentication 96

Multifactor Authentication Alternative Payment Methods Payments Authentication 96

Fintech Finance

NOVEMBER 25, 2024

These innovations will offer consumers more secure and seamless payment options, providing greater flexibility when making online purchases. These transactions are initiated through existing bank authentication processes, including biometric verification, making the payment process both straightforward and efficient. “We’re

Visa 96

Visa Payment Gateways Payments Gateways 96

Payments Source

JANUARY 25, 2021

Biometric authentication has always been a challenging subject with consumers, who are accustomed to using the technology to unlock their phones but are still wary about how much personal information they share with retailers and card issuers.

Contactless Payments 215

Contactless Payments Card Issuer Issuers Authentication 215

Basis Theory

NOVEMBER 12, 2024

Completing audits and other non-value-generating work consumes resources, timelines, and funds. At the very least, tokenization platforms should use an authentication mechanism, like OAuth, to restrict who has access to this data. An extra step must be taken in order to ensure that the stored sensitive data is safeguarded.

Encryption 157

Encryption Payment APIs and Integration PCI DSS Returns 157

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 111

Product Credential Authentication Consumer 111

Clearly Payments

OCTOBER 30, 2024

As global online shopping grows rapidly, consumers expect seamless payment experiences. PSD2 (Payment Services Directive 2) : Also in the European Union, PSD2 aims to strengthen consumer protection and requires two-factor authentication for payments.

International Payments 105

International Payments Process Multi-Currency Cross-Border 105

Finextra

JUNE 11, 2025

No longer just a fintech novelty, it is a cornerstone of the new digital economy—driving shifts in consumer behaviour, altering merchant ecosystems, and compelling banks and PSPs to rethink their roles. Visibility vs. Velocity: Financial Awareness in the Digital Age Digital payments introduce both clarity and opacity in consumer finance.

Consumer 52

Consumer Payment APIs and Integration Payments Microtransactions 52

The Fintech Times

JUNE 12, 2025

According to the new research conducted by YouGov , 43 per cent of UK consumers also believe that digital ID verification would enhance their trust in merchants and financial institutions when transacting online. This suggests that over 27 million British consumers have been victims of fraud in the last year alone.

Risk 45

Risk Consumer Verification Credential 45

Fintech Finance

FEBRUARY 20, 2025

The results reflect growing adoption of the FedNow Service and RTP Network and an expanding array of use cases in both consumer and business contexts. Eighty percent of respondents identified faster payments as a must have, with financial institutions leading the charge at 84%, said FPC Executive Director Reed Luhtanen.

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. When the payment process is too time-consuming – there is a risk that the customer may abandon the purchase. . Its simple and secure.

Authentication 64

Authentication Central Bank Instant Payments Process 64

Open Banking Excellence

JULY 8, 2025

With over 76 million consumer accounts now using its APIs, the standards body Financial Data Exchange (FDX) has achieved the largest customer adoption globally. This is largely due to FDX’s collaborative approach, engaging a wide range of stakeholders, including banks, fintechs, consumer groups, and academics. In the U.S.,

Regulations 130

Regulations Payment APIs and Integration CFPB API 130

Fintech Finance

NOVEMBER 27, 2024

while protecting customers through tools like strong customer authentication (SCA), 2-factor authentication, and PCI DSS data encryption. Lloyds Bank understands changing consumer behaviour can have a huge impact on retailers, and that being ahead of the curve can mean that retailers can reap the full rewards of major shopping events.

PCI DSS 105

PCI DSS Alternative Payment Methods Payments Data Encryption 105

Payments Dive

SEPTEMBER 26, 2022

The use of biometrics to authenticate payments is poised to bring more security and speed to transactions, but some say broad adoption on the part of consumers and merchants is still far from reach.

Authentication 183

Authentication Payments Transactions Security 183

The Fintech Times

JANUARY 30, 2025

As smartphone theft in the UK has more than doubled to 78,000 incidents in the past year alone, Nuke From Orbit is teaming up with ethical hacker Nikhil Rane to arm consumers with practical knowledge to protect their devices and personal data. By taking simple steps, consumers can significantly reduce their risk of falling victim.

Consumer 59

Consumer Online and Mobile Banking Law Enforcement Crime 59

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. For more information, visit [link].

Funds Transfer 88

Funds Transfer Instant Payments Authentication Cross-Border 88

The Payments Association

FEBRUARY 13, 2025

Many financial institutions still rely on legacy authentication methods, leaving them vulnerable to modern attack vectors. Risk-based authentication (RBA) offers a way forward, balancing security and user experience while addressing the growing sophistication of fraud. Static authentication is a significant vulnerability for FIs.

Authentication 88

Authentication Risk Compliance Fraud Detection 88

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

JUNE 3, 2025

The Governments decision to develop the Strategy reflects the growing number of financially vulnerable consumers in the UK. Acceptance of cash One way the Treasury is currently addressing financial exclusion is by promoting access to cash for consumers and encouraging businesses to accept cash. million in 2022.

Financial Inclusion 88

Financial Inclusion Financial Literacy Treasury Government 88

The Payments Association

DECEMBER 9, 2024

It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Payment data is inherently vulnerable because its compromise can have significant financial and personal consequences for consumers. Why is it important? What’s next?

Privacy 88

Privacy Payment Security AI Security 88

Fintech Finance

JULY 2, 2025

With Pay by Bank payments consumers bypass entering card details and instead authorise payment directly from their bank accounts, typically via biometric methods. Enhanced Security : Pay by Bank leverages secure, bank-approved authentication, using biometric authentication to verify transactions.

Push-to-Card 59

Push-to-Card Authentication Transactions Process 59

Clearly Payments

OCTOBER 31, 2024

From traditional options like credit cards to emerging solutions such as cryptocurrencies and biometrics, each payment method comes with unique advantages that cater to varying consumer needs. Cost : RTP services are low-cost or free for consumers, typically around $0.50 They remain a staple payment method globally. handled $1.6

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

Fintech Finance

DECEMBER 11, 2024

After the great reception we received from consumers in the US and UK last month, consumers in Canada will now have easier access to our fair, flexible and interest-free payments options when checking out on Apple Pay online and in apps. This is another big step toward our mission to offer consumers Klarna at every checkout.”

BNPL 98

BNPL Checks Credit Cards Payments 98

Stax

JULY 7, 2025

Thanks to smartphones and secure authentication, mobile payments continue to explode in usage. Mobile payment systems are revolutionizing how consumers pay for goods and services. TL;DR Mobile payment services allow merchants to accept payments from consumers using mobile devices. In fact, mobile and digital wallets have a 99.6%

Mobile Payments 88

Mobile Payments Online and Mobile Banking Debit Card Credit Cards 88

Fintech Finance

APRIL 17, 2025

MoneyGram , a leading global payments network for consumers, businesses and communities, today announced a new partnership with Plaid , the data network powering the fintech tools millions of people rely on to lead a healthier financial life. consumers say linking their bank accounts with financial apps is important.

Global Payments 85

Global Payments Cross-Border Payments Cross-Border Credit Union 85

The Payments Association

JUNE 24, 2025

Consumer behaviour has always been a massive force for change, and the payments industry is no exception. The trend towards sustainability and especially the movement of consumers towards a sustainable lifestyle is one that the payments industry has addressed—somewhat. Go beyond awareness – reward action.

Innovation 88

Innovation Card Issuer Payments Issuers 88

The Payments Association

MAY 28, 2025

The cards seven-decade journey from manual imprinters to contactless payments has embodied a constant balancing act between security imperatives and consumer convenience. Manual card entry, inconsistent authentication requirements and consumer hesitancy about storing payment information often create a labyrinthine checkout process.

Credential 88

Credential Payments Issuers Visa 88

The Fintech Times

JULY 3, 2025

Consumers will no longer need to enter card details when making payments. Pay by Bank is already seeing strong adoption in both Germany and France, with various companies already testing the waters to see if consumer appetite is there. According to airline Ryanair , a firm which has already introduced the payment method, it is.

Authentication 59

Authentication Transactions Process Accounts 59