Authentication Consumer Authentication Online and Mobile Banking 
PYMNTS
JUNE 26, 2020
Digital banking has become the new normal as social distancing guidelines and stay-at-home orders have drastically curbed financial institutions’ (FIs’) abilities to conduct in-branch services. Online account openings increased by more than 200 percent in April, while all mobile banking traffic rose by 85 percent.
PYMNTS
MAY 18, 2016
With the average loss of a single fraudulent “new” online bank account in the U.S. approaching a couple thousand dollars, and each incident of eCommerce fraud costing merchants several hundred dollars, now is the time to wonder if the traditional methods of consumer authentication are pulling the weight that they once did.
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PYMNTS
JANUARY 6, 2020
With the General Data Protection Regulation (GDPR) and the revised Payments Services Directive (PSD2) humming along in Europe, open banking is overtaking the financial world just as consumer data law gets muscular. Turkey is a prime example, being a major proving ground for the region’s FinTechs and open banking hopefuls.
PYMNTS
FEBRUARY 18, 2020
Increasingly, fraudsters are striking at the very beginning of customers’ relationships with banks and credit unions (CUs), focusing their efforts on account takeovers and new account fraud. There are new data privacy concerns, too.”. Traditional FIs, he said, have been wary of disintermediation by FinTechs.
PYMNTS
JUNE 14, 2016
That was the crux of a recent digital discussion Karen Webster had with Ken Allen, SVP of operations at Socure , when the two dug into one increasingly evolving, complex topic that’s driving the future of payments and financial services: authenticating the consumer. Device: Tokenized (IoT, cloud), web/mobile, POS.
PYMNTS
OCTOBER 14, 2019
Recent scandals involving Deutsche Bank and Swedbank have made consumers reconsider their trust in FIs, many of which are scrambling to keep fraudsters out and bring consumers back. If a bank flags transactions over a certain limit, for example, a bad actor can easily avoid making transactions that surpass it.
PYMNTS
JULY 18, 2018
As companies settle into a world governed by Europe’s second Payment Services Directive ( PSD2 ), and as financial institutions (FIs) and FinTech companies explore the possibilities of faster payments and unbundled banking , attention to how to secure those activities is increasing. Call Center Threat.
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