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 52

Authentication AML Finance OCC 52

PYMNTS

SEPTEMBER 18, 2020

Making sure that you are being yourself, so to speak, is the province of ever-smarter authentication systems that verify parties to a transaction and keeping things legit. Consumers Want To Feel Safe’. Factoring In Authentication. Given that “Almost two-thirds of U.S. Given that “Almost two-thirds of U.S.

Verification 62

Verification Economy Authentication Account Takeovers 62

PYMNTS

NOVEMBER 16, 2020

KeyBank’s strategy for fighting APP fraud is twofold, consisting of customer education and back-end authentication procedures. First-time users are often unused to security best practices surrounding such apps and are thus more vulnerable to fraud. “It How The Pandemic Makes APP Fraud More Pernicious.

Authentication 72

Authentication Multifactor Authentication Best Practices Fraud Prevention 72

PYMNTS

AUGUST 30, 2016

If that weren’t enough, its unique “thump-thump” beating sound can now also authenticate a user on a Windows PC or even pay for a purchase, thanks to wearable biometric authentication technology from a company called Nymi. What we’re working to deliver is persistent authentication,” Martin told PYMNTS.

Authentication 40

Authentication Credential Security Use Case 40

PYMNTS

AUGUST 15, 2019

Google announced via blog post earlier this week that users wielding Pixel phones will be able to log into some of the search giant’s services through the Chrome browser with biometrics, such as fingerprints. or FIDO2), which helps companies bypass passwords for authentication that involves fingerprints or facial recognition.

Authentication 59

Authentication User Authentication Consumer Authentication Encryption 59

FICO

DECEMBER 18, 2017

Two-Factor Authentication Will Become Nearly Ubiquitous. Although the word “ubiquity” may have gone out of fashion (along with a lot of other buzzwords from the dot-com era), it’s an accurate description of how two-factor authentication will really take off in 2018. The reality is, two-factor authentication is extremely effective.

Cybersecurity 73

Cybersecurity Authentication Credential Ubiquitous 73

The Fintech Times

MAY 5, 2024

Pay by Bank is an embedded payment method powered by open banking that enables consumers to initiate payments directly from their bank account. With zero data entry and fewer redirects, this account-to-account payment method provides a low-cost, streamlined experience by letting users authenticate and initiate payments in a couple of clicks.

Finance 69

Finance User Authentication Financial Inclusion Embedded Payments 69

CB Insights

AUGUST 22, 2018

The mechanism allows users to control devices via touch patterns on a cord instead of through buttons. Among its promised applications, it has the potential to shake up user authentication methods, which often rely on the use of passwords. more security in user authentication.

Authentication 33

Authentication User Authentication Use Case Compromise 33

PYMNTS

DECEMBER 7, 2016

InAuth provides mobile device authentication and intelligence solutions for financial institutions, banks, payment networks and merchants — and its reason for being is to figure out fraud at the device level, before the transaction ever gets off the ground. If everyone participates, it becomes more valuable.”.

Acquirers 90

Acquirers Online and Mobile Banking Zelle Push-to-Card 90

FICO

JANUARY 27, 2020

My colleague, TJ Horan, recently blogged about his predictions regarding the very real threat of identity theft for consumers in 2020. FICO Identity Proofing and FICO Authentication Suite give consumers exactly what they have been searching for – the perfect balance between a frictionless and secure experience.

Financial Crimes 52

Financial Crimes Crime Identity Theft AML 52

PYMNTS

OCTOBER 10, 2019

Already seeping into the consumer services world, digital identity technology is expected to hit a $12.8 Knowledge-based authentication (KBA) tools, including passwords and security questions, tend to be the primary strategy for verifying identity, and this is true for areas of financial services beyond the consumer world.

Small Business 49

Small Business Authentication Online and Mobile Banking Risk Mitigation 49

PYMNTS

MAY 3, 2016

Infosys Finacle, part of EdgeVerve Systems, and Samsung SDS, a subsidiary of Samsung Electronics, announced a new partnership aimed at providing consumers with a frictionless mobile banking/payment solution.

Mobile Payments 40

Mobile Payments Payment Solutions Online and Mobile Banking User Authentication 40

The Fintech Times

FEBRUARY 13, 2024

But years of challenges and friction also remain – causing a wide range of issues for consumers and companies alike. Patrick Smith is the founder and CEO of Zally, the Manchester-based tech startup leading the way with continuous user authentication. What are some of your recent achievements you’d like to highlight?

Authentication 64

Authentication On-Demand Continuity Security 64

PYMNTS

NOVEMBER 26, 2019

As consumers embrace real-time transactions, financial institutions (FIs) must recalibrate their fraud-fighting strategies. Two-factor authentication tools are part of the strategy, and technology can help ascertain whether multiple login requests are coming from the same device. Real-time payments, real-time risk. Building Moats.

Real Time Payments 61

Real Time Payments Authentication Fraud Prevention Credential 61

The Fintech Times

MAY 16, 2024

Now, Michael Marcotte, CEO of artius.iD , a digital ID and authentication firm, is calling on the cybersecurity industry to put banking at the top of the agenda. Firms continuing to use dated means of verification and user authentication could pay if they do not make changes. Michael Marcotte, CEO of artius.iD

Deepfake 69

Deepfake Security Cybersecurity Procedures 69

PYMNTS

DECEMBER 19, 2018

That’s why, he noted, the 2019 disbursements playbook is about two things: helping companies understand and navigate their options, and giving consumers the same choices for receiving funds from businesses as they have today when reaching into their physical or digital wallets to pay them. QuickConnect And Cutting Through The Clutter.

Push-to-Card 68

Push-to-Card Payments PayPal Zelle 68

Fintech Finance

MAY 2, 2024

Pay by Bank is an embedded payment method powered by open banking that allows consumers to initiate payments directly from their bank account. With zero data entry and fewer redirects, this account-to-account payment method provides a low-cost, streamlined experience by letting users authenticate and initiate payments in a couple of clicks.

User Authentication 52

User Authentication Financial Inclusion Embedded Payments Authentication 52

PYMNTS

MAY 24, 2018

The ideal goes something like this: Consumers at any location — a friend’s house, a car — could speak into a voice assistant or smart speaker and be instantly recognized by the device no matter who owns it. biometric technology that, in this latest version, includes new embedded voice authentication features and accuracy improvements.

Authentication 46

Authentication Ubiquitous User Authentication Enrollments 46

Fintech Finance

FEBRUARY 19, 2025

This includes generating personalized discounts or pricing for consumers, providing them with virtual shopping assistants such as chatbots or providing product recommendations. Social commerce enables consumers to buy and sell products directly through social media platforms without leaving the platform or app.

Online and Mobile Banking 59

Online and Mobile Banking Innovation Security Fraud Detection 59

PYMNTS

AUGUST 21, 2019

And many don’t think the onus should be on the consumer. The biggest concern among IoT adopters is creating strong user authentications (43 percent). Consumer Perception. Outdated software is an often overlooked security flaw. This enthusiasm isn’t unbridled, however. Nearly all (97 percent) have concerns about security.

Security 66

Security Data Breach Breach Encryption 66

PYMNTS

FEBRUARY 14, 2017

According to a report , Diebold Nixdorf is partnering with Air Bank because it has been able to innovate and enhance the consumer experience with the CS 2020 cash dispenser, software and services. Air Bank is currently piloting the new contactless machines. ”

Encryption 40

Encryption Contactless Payments User Authentication Authentication 40

FICO

DECEMBER 5, 2022

A report released by the FTC in February 2022 indicates a 71% increase in fraud in 2021, which cost consumers roughly $5.8 million consumer fraud and 1.4 Yet along with digital adoption, FIs are also butting up against entrenched consumer thinking that creates security risks. These statistics are based on roughly 2.8

Online and Mobile Banking 52

Online and Mobile Banking Authentication Identity Theft Security 52

Finovate

OCTOBER 3, 2024

Hastings Direct Loans has offered personal loans to consumers for more than three years. Last month, IDVerse announced the beta launch of its real-time face matching solution , Face Access , that offers 99.998% accuracy and instant, secure user authentication. ” Headquartered in the U.K.,

Verification 59

Verification Deepfake Fraud Prevention User Authentication 59

Fintech Finance

APRIL 22, 2024

Tink’s Pay by Bank then enables users to initiate payments directly from their bank account, within the Splitwise app. This account-to-account payment method provides a secure and streamlined experience by letting users authenticate and pay in a few clicks in-app.

Payments 52

Payments User Authentication Checks Accounts 52

PYMNTS

SEPTEMBER 4, 2018

Meanwhile, DadeSystems tackled user authentication with single sign-on (SSO) technology that allows their clients’ staff to use their existing credentials to log into the company’s mobile app. Technology is often about finding the right connections, and taking the new and linking it with something familiar. DadeSystems.

User Authentication 40

User Authentication Authentication NACHA Payments 40

PYMNTS

JULY 28, 2017

With the amount of sensitive consumer and enterprise data exchanges occurring every second, there’s bound to be a slip up with either leaked or stolen information. One company looking to take the pressure off of consumers and businesses is behavioral biometrics company BioCatch.

Security 46

Security Fraud Prevention User Authentication Compromise 46

PYMNTS

JANUARY 25, 2021

Earlier iterations of EMV struggled to perform user authentication without disrupting the consumer. The rails of the payments industry were not built for eCommerce and have long remained that way. But eCommerce fraud solutions like our EMV 3DS have offered relief. We’ve seen businesses’ investment in 3DS increase rapidly.

Small Business 56

Small Business Fraud Prevention EMV User Authentication 56

PYMNTS

AUGUST 22, 2018

Patent and Trademark Office that would leverage blockchain to secure user authentication efforts and boost security initiatives. The patent would receive and store encrypted user data, and allows users to authenticate themselves across a variety of platforms. Securities Offerings, Too.

Blockchain 41

Blockchain Distributed Ledger Technology (DLT) Authentication User Authentication 41

PYMNTS

NOVEMBER 6, 2019

Many consumers do not have funds readily on hand to make big purchases like electronics or furniture and prefer turning to instant loan apps like Affirm , a point-of-sale installment lender established in 2013, rather than going into debt with a bank or credit card provider. What is Affirm? Verification Relies on Existing Information .

Fraud Prevention 40

Fraud Prevention Verification Authentication Credit Cards 40

PYMNTS

DECEMBER 13, 2017

Identity verification and user authentication are hot spaces right now, and only getting hotter as merchants, financial institutions (FIs) and consumers demand more foolproof protection against fraudsters. In payments, it is a practical question with just as many answers depending on the use case.

Verification 62

Verification Social Security Enrollments Authentication 62

PYMNTS

JUNE 25, 2018

One of the main reasons cybercriminals have embraced account takeovers is the wide array of information the attacks provide, usually including all the data and credentials they would need to misrepresent a consumer. Keeping Consumer Accounts Secure. I’d gather it’s in the 10 percent range, if that.”. About the Tracker.

Account Takeovers 46

Account Takeovers Breach Compromise Payments 46

PYMNTS

MAY 24, 2016

As part of the announcement that Forter was recognized as a Cool Vendor in UEBA (user and entity behavior analytics), fraud detection and user authentication for 2016, Bill Zielke , Forter’s CMO , sat down with PYMNTS to discuss what the recognition means for the company.

Fraud Prevention 55

Fraud Prevention Innovation Rules Fraud Detection 55

Fi911

AUGUST 15, 2023

Dietrich underscored the importance of consumers maintaining “adequate digital cleanliness.” She emphasized the need for businesses to put layered solutions in place to verify and authenticate any data being introduced into their systems. This will ensure a seamless customer journey without compromising trust.

Identity Theft 52

Identity Theft Bots AI Authentication 52

PYMNTS

JULY 29, 2019

The Martins attribute this to the app’s user authentication protocol, which requires users’ device IDs to be connected to the phone numbers registered to the app. From a user experience perspective, there’s not the logging into an account every single time,” Brenden said. This lesson was hard-earned, however.

Account Takeovers 46

Account Takeovers Authentication Push-to-Card Data Breach 46

Payment Savvy

MAY 12, 2023

Payment automation can provide increased security measures, such as data encryption and user authentication, which can help prevent fraud and unauthorized access to financial data. Manual payment processing can result in duplicate payments, which can be time-consuming to identify and correct. Multi-factor authentication.

Automation 52

Automation ACH Payments Duplicate 52

PYMNTS

JULY 5, 2018

But caution will only do consumers so much good, unless the organizations to whom the PII is entrusted also keep it secret and safe. The problems of security, data breaches, identity verification and user authentication just keep getting bigger. Keep it safe.” Chakib Bouda, CTO of Rambus , says that’s what tokenization can do.

EMV 41

EMV Mitigation Data Breach Credit Cards 41

PYMNTS

MAY 30, 2018

Jing’s only stipulation around these partnerships was that they must meet a level of innovation sufficient to deliver value to end users — providing secure, convenient and efficient financial services for business customers, and driving improvements for consumers in online and offline payment service environments. Ant’s Plans.

Online and Mobile Banking 40

Online and Mobile Banking Risk Management User Authentication AI 40