Stax

AUGUST 20, 2024

In today’s digital age, more and more consumers are shopping online. One solution to counter this problem is 3D Secure Authentication. One solution to counter this problem is 3D Secure Authentication. This article will discuss what 3D Secure Authentication is and how the 3DS authentication process works.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

PYMNTS

JUNE 25, 2020

Banks are leveraging multi-factor authentication (MFA) and machine learning (ML) to protect these systems, but customers fear this may not be enough. Building Consumer Trust With Open Banking Security. For more on these and other financial crime news items, download this month’s Playbook. About the Tracker.

Financial Crimes 91

Financial Crimes MFA Federal Trade Commission Crime 91

VISTA InfoSec

JUNE 3, 2024

Multi-Factor Authentication (MFA) Implementing multi-factor authentication (MFA) adds an extra layer of security to the authentication process. MFA requires users to provide two or more verification factors, such as a password and a one-time code sent to their mobile device.

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MFA Credential PCI DSS Compliance 130

PYMNTS

JUNE 8, 2020

Interest in such capabilities is growing during the COVID-19 pandemic, with consumers and business owners relying more heavily on remote services amid stay-at-home mandates. Tightening Authentication. MFA requires customers to prove their identities by providing at least two types of credentials. Fighting Phishing.

Authentication 60

Authentication MFA Phishing Scams 60

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.

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Multifactor Authentication MFA Verification Online and Mobile Banking 97

PYMNTS

SEPTEMBER 5, 2019

Fraud protection has never been taken lightly by call centers, but the need for stricter authentication is reaching new levels in the face of automated bot attacks and near-daily account takeover (ATO) attempts. 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

VISTA InfoSec

FEBRUARY 28, 2024

Today, we turn our attention to Requirement 8: Identify Users and Authenticate Access to System Components. We aim to provide a clear understanding of what these changes mean for your organization and how to implement them effectively. Note: These requirements do not apply to consumers (cardholders) Requirement v3.2.1 (8.5)

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

PYMNTS

SEPTEMBER 4, 2019

That can make the authentication process tricky when it comes to satisfying consumers who want things done quickly. In the latest Call Center Commerce Tracker , PYMNTS examines how contact centers are using technologies like AI, biometrics and multifactor authentication (MFA) to keep customers satisfied and, most importantly, safe.

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MFA Multifactor Authentication Security Authentication 61

Segpay

DECEMBER 13, 2024

The rise of data privacy concerns has led to a surge in global regulations, such as the EU General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), which are drafted to protect peoples individual data protection rights. Fines for non-compliance can range from $2,500 to $7,500 per violation.

Privacy 105

Privacy Compliance CCPA Authentication 105

Stax

MARCH 4, 2024

How do two-factor authentication and “3-D secure” protect payment information? Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. Beyond that, it helps to use multi-factor authentication (MFA) for transactions and access controls.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

PYMNTS

FEBRUARY 18, 2020

It can also help financial institutions (FIs) assess data from multiple channels, create seamless connections and enable them to make complex authentication decisions and detect fraud in real time. Banks that earn consumers’ trust by securing their mobile data and transactions will likely see plenty of growth, as 40 percent of U.S.

Authentication 52

Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

PYMNTS

SEPTEMBER 5, 2019

One of the biggest changes is that call centers are moving away from knowledge-based authentication (KBA) methods like passwords and PINs and employing methods with multi-factor authentication (MFA). Voice Authentication. Consumers are also interested in using voice in non-traditional ways.

MFA 59

MFA Authentication Multifactor Authentication AI 59

Fi911

JANUARY 18, 2024

What Banks Can Do It’s important to note that consumers aren’t the only victims of third-party fraud. Multi-Factor Authentication (MFA) Implementing MFA for customer authentication can significantly enhance security. Banks and merchants are also frequently targeted by third-party scams.

Account Takeovers 105

Account Takeovers MFA Fraud Detection Credit Cards 105

PYMNTS

NOVEMBER 17, 2020

Consumers’ ownership of smartphones has become all but ubiquitous in the U.S. Onboarding these customers can be a tedious challenge prone to fraud and consumer frustrations, and the industry faces the ever-looming threat of SIM swap fraud. Telecommunications companies face a number of challenges in their day-to-day operations, however.

Multifactor Authentication 107

Multifactor Authentication Online and Mobile Banking Checks MFA 107

Segpay

NOVEMBER 26, 2024

Without proper ID verification, criminals can create fake accounts, steal personal information, and rob consumers. Traditional verification methods are time-consuming. Fraudulent transactions can result in financial losses for both consumers and businesses, so ID verification protects both the payer and the receiver.

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Verification Identity Theft Money Laundering Due Diligence 111

Fi911

JANUARY 31, 2024

From customer authentication to funds transfer, this technology is poised to become a central element in various banking processes. The financial sector operates within a web of stringent rules designed to protect consumers and maintain economic stability. Regulation remains a concern, too.

AI 105

AI MFA Regulatory Compliance Best Practices 105

The Payments Association

OCTOBER 24, 2024

Chargebacks were introduced in 1974 under the Fair Credit Billing Act to protect consumers from fraud, billing errors, and non-delivery of goods. This convenience has led to widespread abuse, known as “friendly fraud” or chargeback misuse, where consumers file disputes without valid reasons. At the time, this was a necessary safeguard.

Disputes 88

Disputes Non-Bank MFA Legal 88

Fintech News

MAY 20, 2024

Additionally, the event will provide a forward-looking perspective on the future of BNPL and its potential to reshape consumer finance and the wider payments industry. The webinar, hosted on BrightTALK, will focus on leveraging passkeys to deliver secure and seamless user experiences in authentication processes.

FinTech 136

FinTech Embedded Finance BNPL On-Demand 136

PYMNTS

JUNE 9, 2020

In PYMNTS’ most recent Navigating the COVID-19 Pandemic series, based on surveys of thousands of consumers and businesses over the duration, nearly 34 percent of respondents said they are “very” or “extremely” likely to consider a firm’s digital offerings when deciding where to spend their money. SCA, MFA, All the Way.

AML 52

AML MFA Authentication Verification 52

PYMNTS

JUNE 3, 2020

Bad actors often find them a more appealing target than the apps to which they are connected, as they can bypass in-app authentication procedures and seize control of all connected apps at the same time by infiltrating the API’s code. Deep Dive: Harnessing Authentication, Machine Learning To Counter B2B API Fraud. About The Tracker.

Real Time Payments 75

Real Time Payments API B2B MFA 75

PYMNTS

OCTOBER 16, 2020

The October Preventing Financial Crimes Playbook explores the latest financial crime developments, including the growing threat of P2P payment app fraud, evolving customer attitudes surrounding multifactor authentication and biometrics, and recent successes in fraud prevention in the United Kingdom. About The Playbook.

Zelle 89

Zelle P2P Scams Multifactor Authentication 89

PYMNTS

JUNE 8, 2020

That “digital transformation” you can’t stop thinking about is made possible by droves of application programming interfaces (APIs) — clever lines of specialized code that foster interconnectedness and new consumer experiences­. MFA and APIs Make A Good Pair. Studies have found that using MFA can prevent more than 99.9

API 52

API B2B MFA Security 52

PYMNTS

FEBRUARY 8, 2019

Furthermore, among OneLogin ‘s own customer base, it’s about a 50-50 split between organizations that use multi-factor authentication — now considered an essential standard of enterprise security — and those that don’t. “We have a lot of customers not even employing MFA. How can you not do that? ”

Phishing 66

Phishing Credential Payment APIs and Integration MFA 66

PYMNTS

JULY 13, 2020

Those that cannot adequately detect and thwart ATOs cannot safely serve the many consumers who need smooth financial support during the pandemic- related economic downturn, and attempted attacks can be deeply damaging to consumers and banks’ brands alike. This method has downsides, however.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

PYMNTS

JUNE 9, 2020

The bank is relying on tools like multi-factor authentication (MFA) to balance seamlessness and security while verifying customers’ identities during mobile onboarding. During the COVID-19 pandemic, consumers have been using digital tools to interact with their banks at a level that appears to have surpassed FIs’ expectations.

Online and Mobile Banking 59

Online and Mobile Banking MFA SWIFT Enrollments 59

PYMNTS

OCTOBER 1, 2019

As fraudsters become increasingly aggressive, new global regulations and solutions are being deployed to keep consumers, merchants and banks safe. A report by Lloyds Bank noted that the share of millennial consumers who fall victim to scams increased by 400 percent in the past year, even though overall fraud incidents declined.

Romance Scams 62

Romance Scams Scams Federal Trade Commission FTC 62

The Payments Association

OCTOBER 22, 2024

It aims to protect consumers from authorised push payment (APP) fraud but raises concerns about the adequacy of protection for larger fraud cases. While this marks a significant step toward protecting consumers from authorised push payment (APP) fraud, concerns remain that the reduced compensation cap may leave some victims vulnerable.

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Rules Fraud Prevention Caps Deepfake 88

PYMNTS

OCTOBER 21, 2020

Digital and mobile payments are surging as businesses and consumers transact from home, and this increased digital engagement has opened the door to more financial crime.” While that may seem to be a benefit for consumers, it can be a double-edged sword,” Yuval Marco, general manager of fraud and authentication at NICE Actimize told PYMNTS.

P2P 56

P2P Security MFA Financial Crimes 56

Finovate

MAY 1, 2024

Access management and authentication company SecureAuth has completed its acquisition and integration of Cloudentity. Integrating Cloudentity’s orchestration and FGA capabilities will complement SecureAuth’s suite of identity security solutions such as its AI/ML Risk Engine and Passwordless MFA technologies.

Acquirers 59

Acquirers Technology MFA Authorization 59

Stax

JULY 9, 2024

More and more, cash-only businesses are falling by the wayside, unable to keep up with consumer demand for convenient electronic payments. EFT payments are a cost-effective solution for both businesses and consumers. This post covers everything you need to know about EFT payments. EFT payments are fast. Relatively inexpensive.

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

SEPTEMBER 4, 2019

Mobile app users may have different authentication preferences than those who call the contact center, which could lead to frictions if companies are not prepared. As a result, banks like TD Bank are approaching call center security needs with tools like multifactor authentication (MFA).

Visa 40

Visa Multifactor Authentication MFA Authentication 40

EBizCharge

MARCH 12, 2024

Here are nine common forms of online payment methods used today: Credit: Many online consumers prefer to use credit cards for their purchases due to their convenience and security. With digital wallets, consumers can purchase online or transfer money to other users. Credit card payments allow businesses to access funds quickly.

Credit Cards 52

Credit Cards ACH Payment Gateways PCI DSS 52

Seon

SEPTEMBER 11, 2023

Consumer awareness: Launch public awareness campaigns alerting your customers to practical fraud prevention steps (we’ve shared some helpful and shareable customer tips below). Set up multi-factor authentication (MFA): Add one-time passwords (OTPs) or other types of MFA to all neobank accounts.

Identity Theft 52

Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

PYMNTS

APRIL 17, 2020

Companies that craft signature spice blends and offer desirable single-origin elections and rare variants to their consumers depend on strong relationships with suppliers. The payments portal login is also safeguarded with multi-factor authentication (MFA). This is an accountability best practice,” Mayer said.

Accounts 60

Accounts Security Wire Transfer MFA 60

PYMNTS

NOVEMBER 12, 2019

Defending against such threats means encrypting sensitive data both in storage and transit, applying multi-factor authentication (MFA), using penetration testing, accessing continual attack monitoring and more. Consumers who search on Zillow and ultimately find homes they want to buy may turn to the platform for mortgages as well.

Money Laundering 40

Money Laundering AML Authentication MFA 40

Stax

SEPTEMBER 17, 2024

When consumers have faith in your business and capabilities to protect their data, they’re more likely to shop with you. When consumers have faith in your business and capabilities to protect their data, they’re more likely to shop with you. There are 12 requirements under PCI DSS, divided into six major categories.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

FICO

NOVEMBER 7, 2022

Also known as scams or authorized user fraud, this multi-billion-dollar global fraud challenge is a real headache for consumers and banks. . Regardless of where you land on this topic politically, I do think one critical aspect of the solution to this problem is continued consumer education. million from debit card payments, and $82.2

Scams 52

Scams Authorization P2P Consumer Financial Protection Bureau (CFPB) 52