PYMNTS

NOVEMBER 24, 2020

This is leading many to utilize two-factor authentication (2FA) methods to safeguard customers’ personal information. For more on these and other onboarding items, download this month’s Tracker. . It also found that just 16 percent of U.S. Embr Labs On Reducing Cart Abandonment, Boosting Sales Using Text Messaging.

Authentication 108

Authentication Consumer Online and Mobile Banking Verification 108

PYMNTS

NOVEMBER 30, 2018

The collaboration will enable PNC users to access GIACT’s real-time fraud prevention capabilities, including transaction authentication and verification, to ensure that transferred funds reach their destinations. To read the full story, download the November Digital Fraud Tracker. About The Report.

Authentication 74

Authentication Fraud Prevention Cybersecurity Data Breach 74

CB Insights

APRIL 18, 2022

Download our free report to get the TL;DR on what you need to know about venture funding and trends in Q1 2022. The post Facial biometric identity authentication provider Unico hits $2.6B the state of venture report. First name. Company name. Phone number. Want the full post? Become a CB Insights customer. valuation.

Authentication 67

Authentication Participant Research Posting 67

PYMNTS

NOVEMBER 17, 2020

How can FIs improve their mobile banking apps’ UX shortcomings, and which features will go the farthest in encouraging more of their customers to download and use those apps for their everyday banking and payment needs? Providing users with more control over their apps’ authentication systems can go a long way in improving their satisfaction.

Mobile Banking 93

Mobile Banking Consumer Authentication Ubiquitous 93

PYMNTS

JULY 9, 2020

Relying on static usernames and passwords to authenticate customers is no longer sufficient, and many FIs are therefore examining how tools like biometrics can offer greater security. A recent report highlighted this problem and advised FIs to adopt harder-to-trick methods like biometric authentication. Get the scoop in the Playbook.

Fraud Prevention 104

Fraud Prevention Account Takeovers Authentication Identity Theft 104

FICO

MARCH 30, 2020

Adaptive identity authentication is the process of tailoring each customer authentication to the specifics of the request. It involves calibrating multiple sets of risk indicators to determine the type of authentication needed, and how strong to make it. Adaptive identity authentication is increasingly important.

Authentication 52

Authentication Risk Transactions Payee 52

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. To better protect these transactions from fraud, new biometric measures can now authenticate that it’s really you who’s using your phone.

Authentication 52

Authentication Online and Mobile Banking Non-Bank Enrollments 52

VISTA InfoSec

OCTOBER 21, 2024

Through malicious software, usually gained by downloading something or opening a compromised link, you’ll be faced with data loss and/or further unauthorized access to your details. Whenever possible, make sure to enable two-factor authentication, as this will add another layer of protection to your accounts.

Cybersecurity 221

Cybersecurity Encryption Scams Cryptocurrency 221

PYMNTS

JANUARY 16, 2019

For consumers, working with various institutions — such as banks, government agencies and medical systems — often means remembering just as many account passwords for accessing the services, and authenticating their digital identity (ID). Around The Digital Identity World. How Dolly Keeps Movers, Customers In The Feedback Loop.

Authentication 55

Authentication Verification Blockchain Risk 55

The Fintech Times

OCTOBER 12, 2024

Developed over the past seven years by Capital One, AirKey turns credit and debit cards into a tap-based authentication method. The new service allows customers to authenticate wherever their financial institution requires it. With AirKey, financial institutions can increase authentication success and mobile enrollment.

Authentication 52

Authentication Credit Cards Debit Card Fraud Prevention 52

Fintech News

SEPTEMBER 17, 2024

SFV will be used in high-risk scenarios to complement existing authentication methods during DT setup. Customers without a Singpass account are advised to register and download the Singpass app beforehand.

Verification 113

Verification Scams Financial Crimes Phishing 113

PYMNTS

JUNE 27, 2017

And we’re closely watching trends in the use of facial recognition and other biometrics for on-boarding, payments and authentication. We’re also keeping our eye on the rise of blockchain, as it will likely play a key role in identity verification in the future.

Innovation 58

Innovation Verification AML Money Laundering 58

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. For more on these and other digital identity news items, download this month’s Tracker.

Contactless Payments 109

Contactless Payments Authentication Law Enforcement Cross-Border 109

PYMNTS

OCTOBER 23, 2019

This means authenticating a consumer has turned into something of a tricky and delicate process. Two-factor authentication leveraging SMS (texting) is billed as more effective and slightly less irritating to consumers than passwords — but as an authentication method , it is increasingly not up to the task.

Authentication 48

Authentication Transactions Consumer Value Added Service 48

Fintech Finance

MARCH 3, 2025

Tap to Phone expanded Visas tap capabilities simply by enabling users to accept payments by downloading an app. In the UK, Tap to Phone adoption is even higher, at a growth rate of 320% [1]. It empowers microsellers and SMBs not just in the UK but around the world to start accepting contactless payments by using their NFC-enabled smartphones.

Point-of-Sale (POS) 59

Point-of-Sale (POS) Contactless Payments Small Business Credential 59

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

The Fintech Times

JUNE 3, 2025

Biometric security has long been viewed as one of the most secure ways of authenticating someones identity but in an age of rapidly developing AI which can create lifelike spoofs, the reliability of fingerprint and facial recognition technology is being called into question.

Technology 45

Technology Database Verification Government 45

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

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.

Multifactor Authentication 97

Multifactor Authentication MFA Verification Online and Mobile Banking 97

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

VISTA InfoSec

JUNE 27, 2024

A joint investigation by Mandiant, Snowflake, and CrowdStrike revealed that Sp1d3r tracked as UNC5537, used stolen customer credentials to target at least 165 organizations that had not enabled multi-factor authentication (MFA) on their accounts.

FBI 130

FBI Breach MFA Cybersecurity 130

The Fintech Times

JANUARY 30, 2025

The challenge UK neobanks have recently surpassed traditional banks in app downloads , with 71.78 Coinciding with Data Privacy Week (27 to 31 January), and with Change Your Password Day (1 February) approaching, Nuke From Orbit has shared a number of tips to help consumers keep their devices and data safe. million Android users.

Consumer 59

Consumer Online and Mobile Banking Law Enforcement Crime 59

Fintech Review

MAY 22, 2025

Verified through Cryptographic Proofs: Users’ identities are verified through cryptographic proofs, ensuring the integrity and authenticity of their online presence. Trustless Verification: Anyone can verify your identity through Bitcoin’s blockchain, ensuring the integrity and authenticity of your digital identity.

Bitcoin 52

Bitcoin Privacy Authentication Security 52

Open Banking Excellence

NOVEMBER 16, 2023

Together, Lloyds Bank Smart ID, Yoti ID and Post Office EasyID form ‘Digital ID Connect’, the UK’s largest network of reusable Digital ID apps with over four million downloads already. Yoti verifies the authenticity of the document by completing a number of automated checks.

Government 130

Government Governance Authentication Interoperability 130

VISTA InfoSec

AUGUST 8, 2023

They try to deceive a target into taking an action that would result in downloading sensitive viruses and other infections into their device. Make Strong Password Usage and Multi-Factor Authentication Necessary There has been a huge report of employee passwords being compromised or stolen due to missing devices and other factors.

Small Business 130

Small Business Encryption Ransomware Cybersecurity 130

PYMNTS

NOVEMBER 9, 2018

In the latest Omni Security And Authentication Report , PYMNTS explored the different tactics cybercriminals are deploying this holiday season, and how retailers are working to safeguard themselves. Around The Security And Authentication Space . To read the full feature story, download the latest report here. About The Report.

AI 76

AI Authentication Account Takeovers Cybersecurity 76

VISTA InfoSec

SEPTEMBER 5, 2024

SMEs can protect themselves by enforcing strong password policies, using two-factor authentication, training employees, updating software regularly, and backing up data. Ransomware attacks are typically executed through phishing emails or malicious links that trick users into downloading harmful software.

Security 130

Security Phishing Ransomware Risk Assessment 130

VISTA InfoSec

OCTOBER 21, 2024

SMEs can protect themselves by enforcing strong password policies, using two-factor authentication, training employees, updating software regularly, and backing up data. Ransomware attacks are typically executed through phishing emails or malicious links that trick users into downloading harmful software.

Security 130

Security Phishing Ransomware Risk Assessment 130

Fintech Finance

SEPTEMBER 9, 2024

Sixty-five percent of businesses enable two-step authentication for accessing their accounts whenever it is available. Downloading and using social media mobile apps for business purposes (22%). Downloading and using lifestyle mobile apps for business purposes (19%). Opening social media messages from unknown senders (26%).

Online and Mobile Banking 97

Online and Mobile Banking Credit Cards Scams Payer 97

PYMNTS

SEPTEMBER 13, 2019

percent saying they believe the security of transactions being made via mobile banking apps would be stronger if they had greater control over those apps’ authentication requirements. Despite widespread demand for greater mobile banking authentication controls, only 39.9 Similarly, 54.1 percent) or using mobile card controls (63.5

Consumer 66

Consumer Authentication Mobile Banking On-Demand 66

PYMNTS

JANUARY 25, 2019

In the January PSD2 Tracker , PYMNTS examines how money movement and data flow are getting an upgrade with PSD2, as well as how the upcoming SCA regulation is bound to affect user authentication. Read more by downloading the Tracker. What’s N ew In PSD2. That’s no longer an option with PSD2 — now, retailers need to provide both.

Authentication 78

Authentication Privacy User Authentication Regulations 78

PYMNTS

OCTOBER 8, 2020

This is why verifying consumers’ identities by authenticating their email addresses and other details must be as seamless as the rest of the onboarding experience, Ryan Wuerch , CEO and founder of cash-back platform Dosh , said in a recent PYMNTS interview. . Consumers do not expect to have to choose between speed and security, however.

Verification 83

Verification Multifactor Authentication Authentication Online and Mobile Banking 83

PYMNTS

AUGUST 7, 2019

Unfortunately, many sharing economy platforms’ verification and authentication processes are poorly equipped to combat the growing risk of fraud. That said, the benefits of enhanced verification and authentication techniques extend far beyond enhanced user satisfaction. In fact, 71.5 percent are asked to provide their phone numbers.

Economy 73

Economy Verification Authentication Accounts 73

PYMNTS

SEPTEMBER 13, 2018

As many as 71 percent of financial consumers reported being satisfied with an authentication method if it was easy to use, while 62 percent like authentication methods that are convenient. In comparison, only 45 percent said they would prefer an authentication method due to its tight data security.

Security 59

Security Identity Theft Authentication Breach 59

PYMNTS

AUGUST 7, 2020

“The key thing which really gives us that competitive advantage is that we can onboard people with full KYC, so we can authenticate both ends,” he said. “We But secure, digitized and authenticated payments only scratch the surface of what Clik is working to build. Building Out From Just Offering Payments. Making Rewards Rewarding.

Digital Payments 120

Digital Payments Payments Authentication Central Bank 120

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

DECEMBER 27, 2018

In response, financial services providers and tech giants are looking to develop and implement new identity authentication tools to better protect customer accounts and information. In the latest Digital Identity Tracker , PYMNTS explores recent identity authentication and verification efforts from around the space. About The Tracker.

Authentication 63

Authentication Blockchain Cryptocurrency Security 63