PYMNTS

MARCH 6, 2020

A computer science student reported using an API from peer-to-peer (P2P) mobile payments service Venmo to download — without users’ permission — the details of approximately 7 million transactions over six months in 2018, for example. Oversight And Authentication.

API 52

API Authentication Security Payment APIs and Integration 52

PYMNTS

JUNE 27, 2017

Changing consumer spending and ever-evolving technological capabilities means that authenticating customers is an always shifting process. Despite demand from both consumers and corporations for a shift, passwords remain the most commonly used authentication credential — but their reign may be about to end.

Authentication 47

Authentication Online and Mobile Banking Credential Security 47

Open Banking Excellence

JULY 8, 2025

One aspect of this response was the complexity of some banks’ customer authentication procedures during the early phases of Open Banking implementation. One of them said to me, “Every time a customer provides their credentials, the aggregator goes in and changes the data.”, which is incorrect, most APIs used are read-only.”

Regulations 130

Regulations Payment APIs and Integration CFPB API 130

PYMNTS

JUNE 8, 2020

Tightening Authentication. FIs must use highly secure methods to authenticate customers’ identities and make it difficult for cybercriminals that manage to steal customer information to pass themselves off as legitimate customers. MFA requires customers to prove their identities by providing at least two types of credentials.

Authentication 60

Authentication MFA Phishing Scams 60

Fintech News

MARCH 25, 2024

However, behind the scenes, the malware captures the user’s login credentials, account information, and other sensitive data entered into the fake UI. The captured information is then sent to a remote server controlled by cybercriminals.

Mobile Banking 119

Mobile Banking Online and Mobile Banking Identity Theft Credential 119

PYMNTS

FEBRUARY 24, 2020

MemberPass offers credit unions (CUs) or CUSOs a single digital credential that serves as member verification. BCU had test users generate digital identities in the MemberPass platform and download the Connect.Me application. They are now using it to verify their identities.

Blockchain 82

Blockchain Credit Union Credit Union Service Organization Wire Transfer 82

PYMNTS

MAY 24, 2017

This all comes as no surprise to Brett McDowell, who is working with a team of corporations in verticals from financial services to software to take human error out of the authentication equation, as part of the FIDO Alliance. Because once hackers get their hands on the information, it’s already too late to stop them. No Password, No Cry? .

Authentication 40

Authentication Credential Ransomware Phishing 40

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. For more on these and other financial crime news items, download this month’s Playbook. Building Consumer Trust With Open Banking Security.

Financial Crimes 91

Financial Crimes MFA Federal Trade Commission Crime 91

PYMNTS

JANUARY 25, 2021

They often hack into these consumers’ accounts using passwords stolen from other sites that use the same login credentials, for example. For more on these and other digital-first banking news items, download this month’s Tracker. Why Digital-First Banks Require Different Defenses For Varied Fraud Threats.

Credential 94

Credential Data Breach Phishing Cybersecurity 94

PYMNTS

APRIL 26, 2019

A P2P (peer-to-peer) technology ingrained in millions of IoT ( Internet of Things ) devices, including security cameras, smart doorbells, baby monitors and video recorders, has many security flaws that allow them to be compromised easily, exposing users to dangers from eavesdropping, credential theft and takeovers from remote locations.

P2P 75

P2P Security Compromise Credential 75

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 21, 2020

Mobile banking is under constant attack from fraudsters, however, who are targeting both customers’ funds and personal data, such as account numbers, Social Security numbers, payment card data and login credentials. For more on these and other digital-first banking news items, download this month’s Tracker. About The Tracker.

Blocks 106

Blocks Identity Theft ATM Online and Mobile Banking 106

Stax

JULY 9, 2024

Fraud prevention measures, such as tokenization and multi-factor authentication, add layers of security to verify transactions and protect against unauthorized use of payment credentials. Today, most mobile wallets are already using biometric authentication, requiring the user to scan their fingerprint before the wallet can be opened.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

JANUARY 8, 2020

Facial authentication and cloud-based subscription services are particularly popular, with applications ranging from unlocking personal smartphones to providing secure access to top-secret government facilities. For more on these and other digital identity news items, download this month’s Tracker. About The Tracker.

EMV 67

EMV Chip Cards Verification CHIPS 67

PYMNTS

MARCH 1, 2017

But in the years since, hackers and other bad actors have developed and begun using more intelligent and sophisticated techniques and methods in order to penetrate databases and gain access to user credentials. But this need for a high volume of credentials also gives security providers a tool in their fight against fraud, Grant said.

Account Takeovers 56

Account Takeovers Accounts Credential Authentication 56

PYMNTS

OCTOBER 26, 2016

McDowell said that he expects these and other new technologies to soon replace more traditional methods of authentication and verification, such as passwords. He pointed to the recent security breach at Yahoo, in which fraudsters stole login credentials, comprised of email addresses and passwords, for more than 22 million user accounts.

EMV 76

EMV Security CHIPS Online and Mobile Banking 76

PYMNTS

OCTOBER 25, 2016

Here’s a preview: Besides all being featured at the Money20/20 2016 Conference, McDowell noted that biometrics, EMV and mobile security each share another similar element: All three potentially stand to replace password/PIN credentials, which, he said, are often more susceptible to hackers and other bad actors. About The Tracker.

EMV 80

EMV Online and Mobile Banking Credential Chip Cards 80

PYMNTS

MARCH 11, 2020

Payments security , solving the byzantine world of healthcare payments, expanding the reach and efficacy of digital authentication – none of these are new news, so much as they are ongoing challenges for innovators. Data: 30K: Number of digital drivers’ licenses downloaded in Colorado to date. Some were known issues.

Zelle 52

Zelle Credential Authentication Payment Security 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. For more on these and other B2B API news items, download this month’s Tracker. About The Tracker.

Real Time Payments 75

Real Time Payments API B2B MFA 75

The Fintech Times

SEPTEMBER 21, 2024

Current plans outline that Singpass Face Verification (SFV) will be used in higher-risk scenarios to strengthen and complement existing authentication methods for DT setup. Customers who do not have a Singpass account may register for one and download the Singpass app before setting up their DT.

Verification 72

Verification Scams Financial Crimes Crime 72

Fintech News

APRIL 22, 2024

Phishing scams employ social engineering tactics to trick users into revealing login credentials, allowing attackers to hijack accounts. So, when a mobile app is downloaded or launched, SecIron is able to compare the app’s signature to the signatures in its database. A 2023 report by Kaspersky found that 40.8%

Phishing 118

Phishing Security Blocks Cybersecurity 118

PYMNTS

NOVEMBER 14, 2016

The AR game saw 100 million downloads and $200 million in revenue in its first month. And every one of those downloads required users to give up email information, search history and even payment card credentials. Security is key for all AR products. Consider, for example, the case of Pokémon Go.

Security 74

Security Authentication Phishing Credential 74

PYMNTS

MAY 22, 2020

People are one click away from a malware download or credential phishing [website]. Almost 65 percent of incidents involve bad actors stealing login credentials to gain account access, and phishing schemes often trick credential owners into unwittingly surrendering their details.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

PYMNTS

AUGUST 6, 2019

In light of such breaches, FIs and merchants alike looking for ways to keep the data safe of their customers secure and further improving on their digital ID authentication procedures. For more on these and other digital identity developments, download this month’s Tracker. Bringing governmental ID standards to the private sector.

Verification 59

Verification Authentication Governance Government 59

PYMNTS

JULY 21, 2020

Compromised credit card fraud increased 212 percent year over year in 2019, while customer credential leaks increased 129 percent during the same period. The FBI advises smartphone users to download apps only from official app stores and bank websites, as these are pre-screened for malware.

Crime 66

Crime Financial Crimes FBI Cybersecurity 66

PYMNTS

DECEMBER 21, 2018

Its DD Perks loyalty program, which offers members exclusive access to mobile ordering, was recently targeted by an automated credential-stuffing attack. Hackers breached the security of other, unrelated companies and stole login credentials that they then tried to use on DD Perks in the credential-stuffing attack.

Credential 67

Credential Breach Security Accounts 67

PYMNTS

MAY 23, 2017

Whether it’s safeguarding sensitive personal and financial information from attacks like WannaCry or authenticating travelers at an airport, security is top of everyone’s mind these days. CLEAR, a security line-busting authentication system, recently received a $15 million investment from asset management firm T. About the Tracker.

Authentication 44

Authentication Ransomware Credential Law Enforcement 44

PYMNTS

AUGUST 7, 2020

Cybercriminals are eager to capitalize on the virtual gaming industry’s increasing popularity, using tactics that include creating phony versions of popular online games that compromise users’ smartphones or computers once downloaded. Fighting Back Against Gaming Fraud .

Phishing 89

Phishing Data Breach Account Takeovers Verification 89

Fintech Finance

JUNE 4, 2025

The convenient Paze checkout experience enables consumers to pay online with their preferred credit and debit cards via added security through tokenization, and seamless digital authentication. “Through this collaboration with Worldpay, we’re making Paze instantly accessible to thousands of U.S.

Credit Union 59

Credit Union Debit Card Credential On-Demand 59

PYMNTS

DECEMBER 1, 2016

But what if a new technology could help safeguard and protect sensitive information, from emails and login credentials to bank accounts and other financial information? By reducing the attack surface and by utilizing multiple-factor authentication, hackers are left with fewer reasons to target a company. “If About The Tracker.

Blocks 62

Blocks Blockchain Compromise Bitcoin 62

EBizCharge

MARCH 20, 2025

Your provider may ask you to download a package and run an installer or set up online credentials, so following their instructions is essential. Many payment providers offer Sage-compatible plugins or extensions that can be downloaded and installed. This process may vary depending on the Sage version youre using.

Payment Gateways 52

Payment Gateways Gateways Payment APIs and Integration Payments 52

PYMNTS

OCTOBER 3, 2016

Even the arena of sports is becoming increasingly more digital as fans move away from coming to the box office to buy tickets and towards being able to just download an app and purchase tickets digitally. The Heart Of Digital Business.

Cross-Border 76

Cross-Border Authentication Fraud Prevention Bots 76

PYMNTS

FEBRUARY 28, 2017

With so much buzz surrounding biometric authentication, it should come as no surprise that several companies looked to increase and improve the biometric options they offer over the past month. The platform is designed to help retailers combat an uptick in online retail fraud, caused largely by ineffective or stolen password credentials.

Account Takeovers 43

Account Takeovers Online and Mobile Banking Authentication Credential 43

PYMNTS

MARCH 18, 2020

High-tech schemes like credential stuffing and account takeover (ATOs) have become commonplace, but many fraudsters still rely on a technique that requires comparatively little technical know-how. Other fraudsters may go directly after restaurant employees with phishing schemes, a popular method for gaining access to data.

Phishing 70

Phishing Smishing Fraud Prevention Point-of-Sale (POS) 70

PYMNTS

DECEMBER 3, 2019

In the December Digital Identity Tracker , PYMNTS explores the latest developments in the world of digital IDs, including a new digital driver’s license in the state of Colorado, a prototype facial recognition system for air travel in Finland and emerging methods that could threaten the validity of biometric authentication.

Verification 52

Verification Authentication Breach Data Breach 52

PYMNTS

MARCH 12, 2020

These initiatives are successful only when central governments already issue traditional identification credentials, however, something that is notably lacking in the U.S. Individuals who change their addresses or appearances can modify the information remotely rather than filing paperwork at an office to update or replace their credentials.

Law Enforcement 52

Law Enforcement Credential Laws Privacy 52

FICO

DECEMBER 19, 2022

As customer interactions go completely online, digital identity verification and authentication help — but sophisticated authentication can’t stop all types of fraud. The risks of answering either question wrong should encourage financial institutions to rethink a few things, including: How and when they authenticate customers.

Assessments 52

Assessments Scams Authentication Authorization 52