Fintech Review

APRIL 15, 2025

Consumers expect fast, mobile, and intuitive experiences when they pay bills online. Strong Customer Authentication (SCA) ensures each transaction is secure, giving users greater control when they pay bills online. Pay Bills Online: Mobile Wallets and Super Apps Mobile wallets are central to how millions now pay bills online.

Online and Mobile Banking

The Fintech Times

FEBRUARY 20, 2025

The potential of this partnership could be far-reaching, with estimations suggesting that three in four consumers will use Pay by Bank by 2029. Real-time Pay by Bank delivers substantial benefits over traditional payment methods, eliminating intermediaries to reduce processing costs and increase cash flow.

User Authentication

PYMNTS

NOVEMBER 17, 2020

Consumers’ banking habits have changed radically since the pandemic was first declared in March. Not only are many account holders visiting brick-and-mortar branches less often than they did before the pandemic, but many are also more reliant on digital banking channels — particularly mobile banking apps — than they have ever been.

Mobile Banking

PYMNTS

NOVEMBER 20, 2020

April was also the month that financial institutions (FIs) and Big Tech firms alike learned that mobile banking had become a much bigger, more important channel, virtually overnight. It took crashing the websites of a string of major banks and credit unions for the sector to grasp what happened. Mobile Experience Can Do More.

Mobile Banking

Payments Source

FEBRUARY 25, 2021

With mobile payments and banking apps on the rise, biometric authentication is now increasingly common in consumer finance, says Fingerprints' Michel Roig.

Authentication

PYMNTS

SEPTEMBER 17, 2019

A 5G network could markedly improve mobile banking apps’ speed, security and ease of use. Mobile banking apps have already enjoyed mass adoption, but what are consumers using them for? And, perhaps more importantly, what do they want from digital banking apps that they aren’t currently getting?

Mobile Banking

PYMNTS

OCTOBER 7, 2020

The way we bank is changing in the age of COVID-19. And as Entersekt Senior Vice President of Product Christian Ali told PYMNTS in a recent interview, the means by which banks authenticate their suddenly digital users must change, too. That security layer itself is only as strong as the authentication process.

Authentication

PYMNTS

MARCH 27, 2020

So it is with the science of authentication, where consumers see happy new horizons of user-defined control among digital and mobile banking apps. Respondents say they go off-course too easily inside many banking apps – and during important tasks like opening accounts. Digital and Mobile App Banking Drivers.

Authentication

PYMNTS

JANUARY 24, 2020

Anti-fraud efforts can seem like word salad with exotic ingredients being tossed around: strong consumer authentication ( SCA ), two-factor authentication (2FA), the second Payment Services Directive (PSD2) … you get the idea. Ask consumers what they want, however, and the acronyms vanish like a metaphor for things that vanish.

Authentication

PYMNTS

SEPTEMBER 13, 2019

Rampant data breaches have left consumers on edge about digital fraud. In fact, recent PYMNTS research shows that most consumers believe they can do a better job of identifying and protecting themselves against fraud than their FIs, with 71.2 Despite widespread demand for greater mobile banking authentication controls, only 39.9

Consumer

PYMNTS

NOVEMBER 17, 2020

As reported by PYMNTS, more than half of all bank customers in the U.S. representing 118 million individuals — use mobile banking apps. And 51 percent of mobile banking app users log in and use those apps more often than they did before the pandemic began. Deputizing The Consumer.

Authentication

PYMNTS

NOVEMBER 14, 2019

Consumers have come to expect specific services and features from their banks. New research conducted by PYMNTS, however, reveals that banks and other financial institutions (FIs) appear to be lagging in terms of meeting these expectations. consumers on their mobile banking app usage patterns. In fact, 80.8

Authentication

Payments Source

JANUARY 23, 2018

Mastercard plans to deploy its biometric authentication option for European consumers to use through their smartphones when shopping online or conducting mobile banking.

Authentication

The Fintech Times

MAY 17, 2024

Consumer payment preferences are constantly evolving, meaning firms need to adapt to cater to these needs. At the Visa Payments Forum in San Francisco, Visa has unveiled new products which will address the evolving consumer payments demands. We’re announcing the next generation of truly digital-native payment card experiences.

Product

PYMNTS

NOVEMBER 8, 2016

7) it launched its Touch ID Sensor authentication service in Hong Kong. In a press release , Citibank said the service provides a full suite of mobile banking services to customers via its Citi Mobile App for the iOS platform. In July of last year, Citi launched its mobile app in the U.S.,

Authentication

PYMNTS

OCTOBER 3, 2019

Consumers want control — everybody seems to know that. But what you probably don’t know is that consumers want the type of financial services control that could potentially reduce their risk for fraud and leave them responsible for more authentication tasks, according to fresh PYMNTS research. More than half of consumers — 54.1

Consumer

PYMNTS

SEPTEMBER 8, 2020

Mitek , which provides software and authentication services, said it has upped its game with its release of Mobile Deposit 4.8, a mobile banking app. Authentication and fraud prevention have become especially important in a time when the world is using the internet for many daily needs due to the pandemic.

Mobile Banking

Stax

JULY 9, 2024

In 2019, 77% of US consumers were using at least one type of digital payment system. What has grown more significantly is the number of electronic payments and alternative payment methods consumers now use. The adoption of digital payment systems in the US has grown, with 78% of consumers using at least one type by the end of 2020.

Digital Payments

PYMNTS

OCTOBER 23, 2018

Consumers go on a lot of different types of digital journeys in a day — they might shop online, do some banking, move funds between accounts, do some light online browsing. The context is important, because of course the services offered to the consumer vary by use case,” Schulte noted. Tapping Into Personalization. The problem?

Consumer

PYMNTS

OCTOBER 22, 2018

Make consumers feel as though they are in charge, and give them more transparency into their personal payment transactions, and you might not only win their loyalty, but could also encourage them to spend more, or use your payment methods more often. More Mobile Management. What does that main for the daily life of a consumer?

Mobile Payments

PYMNTS

JANUARY 22, 2020

FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks.

Payment Security

FICO

JULY 27, 2020

As consumers, most of us still consider facial recognition the current state of the art for authentication. Here’s why it matters: Authentication is used for a lot more than unlocking your phone. The Case for Multi-Factor Authentication. But soon your voice and the rest of your fingers will be involved, too.

Authentication

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. Estimates suggest that synthetic identity theft is responsible for approximately 80 percent of the banking industry’s credit card losses.

Authentication

PYMNTS

JULY 10, 2020

Bad actors often initiate their ATOs by trying to trick potential victims into revealing their bank login information. Scammers could contact consumers and purport to be software company representatives, for example, asking for access to their devices to make remote repairs. Customer-Centric Authentication. Invisible Security.

Multifactor Authentication

PYMNTS

DECEMBER 3, 2019

PYMNTS research , in fact, finds that 89 percent of people who use banking apps want more control, especially over things like setting login requirements (93 percent) and adding transaction-specific authentication requirements (87 percent). Banks are starting to recognize that,” Ali said. It found that 70.2 That’s not all.

Consumer

PYMNTS

MARCH 10, 2020

Digital identity solutions are becoming more and more commonplace, especially as consumers grow increasingly aware of the weaknesses of authentication methods like passwords. NatWest Launches Card-Mounted Fingerprint Readers For Contactless Authentication.

Contactless Payments

Segpay

SEPTEMBER 24, 2024

So much of our industry is tied to Visa and Mastercard to support consumer payments. The customer can select their preferred bank from that list. For authentication, customers are redirected to their familiar online banking portal or mobile banking app. This eliminates borders for bank-to-bank transfers.

Accounts

PYMNTS

OCTOBER 30, 2018

Maybe it’s just those two mimosas the consumer had at brunch, which served to loosen up his natural conservative tendencies. Part of the reason is the different ways in which consumers view security and the risks involved with using mobile apps to handle their finances, from deposits to money transfers and other associated services.

Mobile Banking

PYMNTS

JUNE 20, 2018

Citi has been ramping up its development of its mobile apps: “The pace of new features on our various mobile banking platforms increased dramatically over the past 12 to 18 months,” Citigroup Chief Financial Officer John Gerspach said at the Morgan Stanley conference on Wednesday (June 13.)

Mobile Banking

PYMNTS

JULY 1, 2019

There is a growing need for stronger authentication methods as the number of attacks continues to climb. Unfortunately, FIs are often caught between balancing more stringent security tools and offering the seamless experiences consumers crave. Biometrics and the Benefits for Security .

AI

PYMNTS

SEPTEMBER 21, 2016

According to recently released research from the American Bankers Association, mobile banking is becoming increasingly popular among consumers of young ages. Today, Alexa and Siri, because of authentication issues, largely aren’t there yet, but our virtual assistant, Eva, is.”. About The Tracker.

Mobile Banking

FICO

JANUARY 13, 2020

The FCC will issue updated interpretations of the Telephone Consumer Protection Act in 2020. The Telephone Consumer Protection Act (TCPA) has long been a concern to many organizations that are frustrated by their inability to effectively use modern technology to communicate with their customers or members.

Authentication

FICO

NOVEMBER 24, 2020

Fraud has spiked during the pandemic , with criminals upping their game as consumers swing into holiday shopping mode. The fraud problem has gone viral - consumers have filed more than 130,000 reports of fraud to the FTC and have lost $182 million to these activities during the pandemic. Like COVID, Fraud Is Rampant.

Identity Theft

Fintech News

OCTOBER 22, 2024

The study, which gathered insights from 114 fraud risk professionals across nine APAC markets in late 2023, found that payment systems and online banking have emerged as the primary concerns for fraud risk professionals across APAC, identified by 66% of the respondents as the most common type of threat observed over the prior 12 months.

APACS

PYMNTS

DECEMBER 2, 2016

It’s an inescapable trend for banks: Corporate clients want to be able to have the same convenient ways of banking that they already have access to in their consumer lives. But, like any new disruptive technology, biometric authentication has its doubters and a long road ahead to becoming commonplace. For a $0.99

Online and Mobile Banking

PYMNTS

AUGUST 22, 2019

And as all that happens, authentication and artificial intelligence are helping big digital players significantly up their game. 65 percent: Share of German customers who use one or more mobile banking apps. 55 percent: Estimated portion of consumers who will use bank branches by 2024. 75 percent: U.S.

Mobile Banking

The Fintech Times

DECEMBER 21, 2023

Today we hear insights from payments experts, including the adoption of tap-to-pay technology, the role of blockchain and AI in payments, flexible payment terms, security in authentication methods, PSD3 implementation, vertical-specific solutions, and the rise of digital wallets.

Cross-Border Payments