VISTA InfoSec

FEBRUARY 25, 2024

They take advantage of vulnerable software, stolen credentials, tricked employees, business partner access, unencrypted transfers, and even insider threats to penetrate networks. Skilled hackers use sophisticated tools to exploit the slightest weakness in defenses.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

NFCW

SEPTEMBER 12, 2024

VERIFICATION: The Digital Credentials API will use digital IDs to verify website users A new Digital Credentials API that will allow visitors to a website to verify their identity using a driver’s license or a national identification card stored in their digital wallet has now entered testing.

Credential 121

Credential API Authentication Privacy 121

The Fintech Times

JUNE 12, 2025

Merchants and financial institutions not offering ID verification and biometric payment authorisation are at risk of losing customer trust, according to a new report from global digital payments platform Checkout.com. Forty per cent of UK adults report that their card credentials have been stolen in the last 12 months alone.

Risk 45

Risk Consumer Verification Credential 45

VISTA InfoSec

JUNE 18, 2024

A crafty hacker could infiltrate accounts secured by flimsy credentials. In addition to access control, fortify your defenses with Multi-Factor Authentication (MFA). This advanced data security measure demands additional verification beyond just a device passcode, such as a fingerprint scan or random code from a mobile app.

Data Security 266

Data Security Security Encryption Cybersecurity 266

PYMNTS

NOVEMBER 24, 2020

This is leading many to utilize two-factor authentication (2FA) methods to safeguard customers’ personal information. Many FIs and businesses are relying on 2FA measures that leverage SMS — or text message-based — verification to cater to a growing number of consumers who are using mobile channels to transact. About The Tracker.

Authentication 108

Authentication Consumer Online and Mobile Banking Verification 108

Fi911

JUNE 9, 2025

These attacks often coincide with travel schedules or major transactions when verification becomes difficult. Technical Defense Strategies Email authentication forms the foundation of BEC defense. Multi-factor authentication protects against credential compromise but must extend beyond employee accounts.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Law Enforcement 52

Fintech News

JULY 2, 2025

Built around documentation verification and static data checks, these processes are essential for regulatory compliance. Criminals have become adept at forging documents, acquiring stolen credentials and creating synthetic identities that can easily pass basic KYC checks.

Fraud Prevention 89

Fraud Prevention Technology Checks Risk 89

Fintech Finance

NOVEMBER 6, 2024

As payments become more intricate, Mastercard today announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints, the same way consumers unlock their phones every day.

Visa 98

Visa APACS Transactions Authentication 98

The Fintech Times

SEPTEMBER 21, 2024

Major retail banks in Singapore are set to progressively implement Singpass Face Verification (SFV) in the near future, as the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) plan to strengthen the digital token (DT) setup process for retail banking customers.

Verification 72

Verification Scams Financial Crimes Crime 72

VISTA InfoSec

JUNE 3, 2024

Credential stuffing , a form of cyberattack where attackers use stolen credentials to gain unauthorized access to user accounts, highlights the need for strong password policies. Multi-Factor Authentication (MFA) Implementing multi-factor authentication (MFA) adds an extra layer of security to the authentication process.

MFA 130

MFA Credential PCI DSS Compliance 130

The Fintech Times

DECEMBER 18, 2023

They predict that social engineering attacks will surpass ransomware in 2024 due to increased sophistication, AI tools and emerging techniques, leading organisations to bolster cybersecurity defences with AI, scenario testing and multi-factor authentication. Deep fake threats John Baird, co-founder and CEO of Vouched.

Cybersecurity 139

Cybersecurity Ransomware RDC Credential 139

PYMNTS

APRIL 3, 2019

Cognito CEO Alain Meier and his colleagues at the identify verification service have a peculiar way of freaking out payment and commerce operators. In a new PYMNTS interview, Karen Webster and Meier talked about the power of the phone number and the role it can play as companies and consumers put more focus on ID verification.

Verification 59

Verification Money Laundering Authentication API 59

PYMNTS

SEPTEMBER 15, 2020

In the new Digital Identity Tracker, Paine discusses why digital ID verification tools could hold the key to sharing platform satisfaction. The sharing economy is projected to reach more than $300 billion in global revenue by 2025, yet identity verification provider Jumio found that one in five adults using sharing services feel insecure.

Economy 82

Economy Verification Authentication Credential 82

PYMNTS

APRIL 25, 2019

For a lot of businesses, “advanced age verification” isn’t really all that advanced. Business owners seem to think that a pop-up is enough — that checking a box is the same thing as providing heightened age verification,” Matt Fields, VP of AgeChecker.Net , told PYMNTS in a recent conversation. Check Yes if you are 18.”. How It Works.

Verification 78

Verification Checks Best Practices Legal 78

PYMNTS

MARCH 29, 2019

The goals of any digital identity verification process or technology include stopping fraud in its tracks, preventing fake accounts from ever being opened and, at the most basic level, maintaining (and even building) a client’s reputation for trustworthiness. That’s not easy. Are end users ready to manage their own IDs?

Verification 68

Verification Authentication Cross-Border Risk 68

PYMNTS

OCTOBER 23, 2018

The world might be growing smaller and more connected, but regulations and authentication methods can create issues for international businesses looking to expand globally. In the latest Digital Identity Tracker , PYMNTS takes a look at digital identity credential developments around the world. to the U.K. Around The Digital ID World.

Authentication 53

Authentication Rules Credential Push-to-Card 53

PYMNTS

APRIL 6, 2017

By solving the identity problem and centering the ecosystem around the individual and not the enterprise, Hall said it can create silos of people being in charge of their own data and authenticating themselves in a trusted way. When people use “multi-factor authentication,” it can often mean different things.

Authentication 48

Authentication Verification Credential Identity Theft 48

PYMNTS

AUGUST 6, 2019

The use of digital ID verification methods is becoming more prevalent in consumers’ everyday lives. 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. With that shift, governments such as the U.K.’s

Verification 59

Verification Authentication Governance Government 59

PYMNTS

JUNE 4, 2019

However, if data is vital to the digital economy, so is identity (ID) verification. If anything has become clear within the last few years, it’s that electronic ID verification — using digital methods and data to confirm and authenticate identities — is increasingly taking on crucial importance. Evolving ID.

Verification 62

Verification Online and Mobile Banking Fraud Prevention Privacy 62

PYMNTS

JULY 2, 2019

What about the golden age of age verification? However, as more age-restricted products move online, robust and seamless digital age verification takes on more importance, a trend that promises to grow in the coming few years. The increasingly old-fashioned age-verification pop-up box isn’t cutting it anymore, at least in his view.

Verification 65

Verification Legal Laws Push-to-Card 65

PYMNTS

OCTOBER 24, 2018

For Tern Commerce, clearing those hurdles previously meant manually reviewing identity documents and other credentials, which is both expensive and time-consuming. This pushed Bonkowski and his team to explore digital authentication solutions to protect its global user base. Onboarding Global Consumers. Protecting Purchases.

Authentication 66

Authentication Push-to-Card AML Debit Card 66

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 109

Contactless Payments Authentication Law Enforcement Cross-Border 109

PYMNTS

FEBRUARY 24, 2020

CULedger’s MemberPass solution is a blockchain-based system that facilitates frictionless identity verification. MemberPass offers credit unions (CUs) or CUSOs a single digital credential that serves as member verification. PSCU , the credit union service organization (CUSO), announced on Monday (Feb. application.

Credit Union 82

Credit Union Blockchain Credit Union Service Organization Wire Transfer 82

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. EMV Cards Face Crucial Verification Security Gaps. billion per year in incremental growth between 2018 and 2023.

EMV 67

EMV Chip Cards Verification CHIPS 67

EBizCharge

FEBRUARY 26, 2025

This process typically involves: Configuring API credentials: Youll need API keys or credentials from the gateway provider to connect it to NetSuite. Address Verification Service (AVS) and CVV verification should be enabled to prevent unauthorized transactions and reduce chargeback rates.

Credit Cards 52

Credit Cards Process Payment Gateways Payment APIs and Integration 52

Finextra

JUNE 5, 2025

By encouraging public sector organisations to issue and accept digital credentials, the legislation will reduce administrative burden and enable better services for European businesses. When credentials are structured and machine-readable, they can be processed automatically. Interoperability is crucial.

Credential 52

Credential Payment APIs and Integration Authorization Issuers 52

The Fintech Times

OCTOBER 21, 2024

iDenfy , a Lithuania-based identity verification and fraud prevention software provider, has launched a new ‘Bank Verification’ solution, designed to enhance the customer onboarding process. By integrating open banking solutions, it is also aiming to help businesses comply with Know Your Customer ( KYC ) regulations.

Verification 52

Verification Compliance IBAN Fraud Detection 52

Fintech News

JANUARY 17, 2024

These measures encompass additional customer authentication, cross-border transfer limit reviews, session management controls, and establishing a bank-to-bank information-sharing platform to safeguard the financial sector from evolving threats. Digital mule networks exploit this, testing stolen credentials across various banks.

Deepfake 125

Deepfake APACS Scams Authentication 125

Finovate

JANUARY 25, 2024

Identity and authentication platform 1Kosmos launched its BlockID 1Key solution this week. BlockID 1Key is a biometric security key that provides passwordless multi-factor authentication for customer help desks, retail bank branches, and other environments deemed too sensitive to allow access to mobile devices.

Authentication 52

Authentication Phishing User Authentication Interoperability 52

PYMNTS

MARCH 27, 2019

All the action on the legalized gambling front is putting authentication and verification services under a bigger spotlight – and making them major players in this growing area of digital payments and commerce. In other areas of retail, there are more backend safeguards when it comes to authentication.

Authentication 46

Authentication Verification Money Laundering Regulatory Compliance 46

PYMNTS

SEPTEMBER 26, 2016

Authentication methods for payments networks, such as SWIFT, or P2P money transfer apps are still not completely secure. A common thread to many of these attacks is compromised or hijacked credentials that allow an attacker to pose as a legitimate entity.”.

Online and Mobile Banking 78

Online and Mobile Banking SWIFT Credential Central Bank 78

Fi911

JANUARY 18, 2024

They often accomplish this by obtaining the victim’s login credentials through phishing emails, malware, or other fraudulent means. New Account Fraud A new account is opened using fake or stolen credentials. Multi-Factor Authentication (MFA) Implementing MFA for customer authentication can significantly enhance security.

Account Takeovers 105

Account Takeovers MFA Fraud Detection Credit Cards 105

The Fintech Times

JUNE 26, 2024

Snowblind specifically targets banking apps by exploiting accessibility services, allowing cybercriminals to steal login credentials and hijack banking sessions for unauthorised transactions, leading to financial loss.

Security 111

Security Cybersecurity Credential Compromise 111

Finovate

AUGUST 14, 2024

Digital identity verification innovator Socure has unveiled its Selfie Reverification solution. Built on the company’s Document Verification (DocV) solution, Selfie Reverification also detects signs of deepfaking, and readily identifies age discrepancies between the photo and the credential.

Credential 64

Credential FinTech Deepfake Fraud Detection 64

PYMNTS

SEPTEMBER 24, 2020

In a Masterclass interview with PYMNTS, Tom Donlea , vice president and general manager, APAC at global identity verification provider Ekata , said Asia offers greenfield opportunities — and some areas of risk — for merchants looking to offer digital wallets.

APACS 98

APACS Risk Online and Mobile Banking Verification 98

PYMNTS

FEBRUARY 11, 2020

“Nothing new really needs to be invented to do that, but providers like Apple , Google and Samsung are making improvements to their operating systems specifically to support these types of mobile identity credentials,” Vanderhoof said. Another advantage is privacy. The single biggest challenge facing DDLs’ U.S.

Verification 57

Verification Privacy Law Enforcement Addressing 57

PYMNTS

SEPTEMBER 14, 2018

carriers creating a single sign-on service that would serve as the login credentials for all the apps on a mobile device. The technology can authenticate logins by using two-factor authentication to confirm a user’s identity. These networks already provide second-factor authentication via SMS messaging.

Authentication 65

Authentication Data Breach User Authentication Credential 65