Fintech News

NOVEMBER 5, 2024

This service allows consumers to authenticate online payments using biometrics like fingerprints or facial scans, similar to unlocking a smartphone. The Mastercard Payment Passkey Service combines tokenisation, Click to Pay, and biometric authentication to offer a seamless and secure checkout experience.

APACS

Fintech Finance

SEPTEMBER 18, 2024

The solution uses the fingerprint credentials securely stored on the card as a second authentication factor, enabling a convenient and trusted contactless payment experience. The innovative SECORA Pay Bio enrollment sheet makes fingerprint enrollment via smartphone easier than ever before.

Enrollments

Finovate

FEBRUARY 21, 2025

Voice authentication solutions provider Illuma received strategic financing from Stifel Bank. ” Illuma will use today’s financing to help community banks and credit unions enhance security and streamline authentication processes across voice channels. . “We are excited to support their continued growth.”

Authentication

The Fintech Times

AUGUST 7, 2024

During enrollment, customers take a photo of their face which is converted into a template, encrypted and stored in the PopID cloud. As a merchant-agnostic solution, customers can utilise their facial biometrics at any participating pilot merchant once they enrol. The post J.P

Enrollments

PYMNTS

NOVEMBER 25, 2020

In that event, “the first part of the whole equation is making sure that identity document is authentic,” Patel said. After that, AI-driven models tied to face verification and authentication must make sure the face being scanned and analyzed matches the picture on the ID. Facial recognition is about exposing one’s identity.

AI

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. Capital One has also seen a significant lift in mobile enrollment by offering AirKey.

Authentication

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

NFCW

JANUARY 25, 2024

Zwipe has historically focused primarily on the development and application of its biometric authentication technology in the payments market. “However, neither market adoption nor the pace of commercial launches has materialized in the manner Zwipe or other players had expected, particularly towards the end of 2023.”

Enrollments

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

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

PYMNTS

SEPTEMBER 21, 2016

20) that changes coming to Verified by Visa, its online authentication service, and to Three-Domain Secure (3-D Secure), the industry-wide messaging protocol for online authentication, will make eCommerce payments more secure and convenient for consumers, merchants and financial institutions. announced on Tuesday (Sept.

Enrollments

VISTA InfoSec

JUNE 27, 2024

The breach, linked to a hack of the district’s Snowflake account, has exposed sensitive data pertaining to students and employees enrolled in the sprawling district. Snowflake is a cloud database platform used by companies worldwide to store their data.

FBI

PYMNTS

OCTOBER 11, 2018

In the latest issue of the Omni Security And Authentication Report , PYMNTS explores how banks are working to both prevent cybercrime and deal with the aftermath of a successful attack. Around The Security And Authentication Space. How to react and recover when that impact hits. Even the U.S. About The Report.

Security

PYMNTS

SEPTEMBER 17, 2020

The following Deep Dive examines how digital ID verification and user authentication can foster consumer trust and why providing seamless enrollment is essential. . Liveness detection can also help smooth onboarding and authentication processes. Seamless, Secure Onboarding .

Verification

PYMNTS

JUNE 22, 2020

The company has also taken the step of allowing employees the option to enroll in a complimentary 12-month course on credit and dark web monitoring offered by ID Experts, which will help them with identity restoration services and provide coverage for identity theft, The Times of India reported.

Identity Theft

PYMNTS

AUGUST 29, 2016

But what if a wearable device could use unique biometric indicators, like a person’s heartbeat, to continuously authenticate the user wearing it and enable access to any number of access points? Martin acknowledged that, for many employers, security goes hand-in-hand with convenience. It was also a busy biometrics month for U.S.-based

Authentication

FICO

JULY 22, 2019

Last month I presented at the PSD2 Strong Customer Authentication Summit in London on the challenges of making sure that every customer has a compliant route to authentication. The post New Challenges for Strong Customer Authentication appeared first on FICO. This makes the ability to use inherence as a factor problematic.

Authentication

Fintech Finance

APRIL 9, 2025

Through this partnership, Amount will leverage ValidiFI’s comprehensive data network, which includes data from key bank sources that maximizes coverage, for the validation and authentication of bank accounts. Together, the companies aim to enroll more customer accounts in real-time while stopping scams, mule accounts, and fraud.

Origination

FICO

JULY 21, 2019

Last month I presented at the PSD2 Strong Customer Authentication Summit in London on the challenges of making sure that every customer has a compliant route to authentication. This makes the ability to use inherence as a factor problematic. This makes the ability to use inherence as a factor problematic.

Authentication

FICO

JULY 21, 2019

Last month I presented at the PSD2 Strong Customer Authentication Summit in London on the challenges of making sure that every customer has a compliant route to authentication. This makes the ability to use inherence as a factor problematic. This makes the ability to use inherence as a factor problematic.

Authentication

FICO

APRIL 8, 2020

Enrollment. To meet these requirements, you need to set up different authentication methods that meet the requirements of: Inherence—something that the customer is e.g. a biometric. Enrollment of other factors, such as a voice biometric, can be done as the account is opened.

Accounts

PYMNTS

JULY 5, 2020

By leveraging EWS’ Real-time Payment Check service with account owner authentication, BNY Mellon’s solution will aid in speeding up validation, so long as the account is open and in good standing, and the payee is authorized to sign on the account.

Faster Payments

PYMNTS

MAY 8, 2019

From company board rooms to airport boarding gates, the need for seamless authentication is putting biometrics front and center in varying use cases. With that shift, older authentication tools, such as physical tokens, are seeing a decline in use. Meanwhile, in Thailand, KBank is embracing biometrics for new customer enrollments.

Security

PYMNTS

OCTOBER 12, 2018

With next-day processing, those payment systems can function with a certain methodical authentication process because the window is long enough to allow it. If the payments — push or pull — are in real time, he said, then the authentication has to be in real time as well. That window is evaporating,” he noted. What’s Next.

Faster Payments

Fintech Finance

SEPTEMBER 25, 2024

Business owners can use their KaiOS-powered phone to enroll. After entering their registered credentials and authenticating via a one-time password, SMEs can then access and immediately use a variety of digital payment options. Signing up is simple.

Visa

Fintech Finance

JUNE 2, 2025

Click to Pay has expanded to 26 European markets, and enrolments have more than doubled over the past year, streamlining checkout for even more returning users. Meanwhile, payment passkeys are emerging as a breakthrough in digital authentication, allowing users to authenticate with a fingerprint or facial recognition- eliminating passwords.

Visa

Segpay

DECEMBER 13, 2024

The Intersection of Data Privacy and Identity Management Source: ID Management Institute Identity management helps authenticate users and makes sure that only authorized individuals can access certain information. In identity management, this means gathering only what is strictly needed for authentication.

Privacy

Fintech Finance

OCTOBER 15, 2024

We are also seeing significant advancements in payment authentication, digital receipts, and loyalty solutions,” explained Lars , “with demand for innovative approaches steadily increasing. Loyalty solutions have also seen substantial progress, with 9 in 10 Nordic consumers enrolled in at least one loyalty program.

Mobile Payments

PYMNTS

FEBRUARY 10, 2020

A recent study from Visa found that two-thirds of surveyed consumers preferred biometric authentication to passwords for a variety of reasons when using their cards. The bank plans to enroll all 3.7 Developments From Around The World Of Digital ID. Biometrics are growing increasingly popular among credit card users.

Data Breach

PYMNTS

DECEMBER 19, 2018

Gemalto said that will provide a fast and convenient user experience to a more advanced cardholder authentication. According to Gemalto, fingerprint authentication is part of Intesa Sanpaolo’s digital transformation strategy. Consumers can tap their card to any POS terminal and then authorize the purchase with a fingerprint.

Contactless Payments

PYMNTS

JUNE 9, 2020

Our goal is for self-enrollment, but we know we have to balance that convenience … with the challenge of making sure [customers] are who [they] say [they] are,” said Sanderson. “We One of the things we saw during the [arrival of] stimulus payments [was that] the enrollment rates of internet banking skyrocketed,” Sanderson said.

Online and Mobile Banking

PYMNTS

FEBRUARY 25, 2019

In the latest Digital Identity Tracker , a Jumio collaboration, PYMNTS looks at new developments in the authentication landscape, spanning a partnership between state DMVs and several major banks to combine fraud-fighting efforts, to a collaboration to make biometrics and selfies more broadly accepted. About the Tracker.

Authentication

PYMNTS

SEPTEMBER 7, 2017

We look forward to being able to make a true and lasting impact on developing nations in their effort to enroll and authenticate individuals in financial and government programs.”. Photographs will be rejected when the liveness detection realizes the person looking to authenticate is an imposter.

Verification

PYMNTS

NOVEMBER 1, 2017

protocol and the European Union’s second Payment Services Directive (PSD2) have delivered a one-two punch for issuers and merchants in order to comply with these new regulatory requirements and network authentication processes. Biometric authentication does both, said Sass. The updated 3D Secure 2.0 3D Secure 2.0 Data Trove.

Security

PYMNTS

OCTOBER 31, 2016

The challenge is authenticating a consumer across a landscape where that individual is actively opening accounts and performing transactions. Who is really in the best position to issue, and authenticate, the digital identity assigned to a consumer? Therefore, biometrics must also deploy a system of enrollment.

Online and Mobile Banking

PYMNTS

JANUARY 28, 2019

And Starbucks has grown its loyalty rewards program enrollment, while big-name merchants in the United States are adopting Apple Pay. The European Union’s (EU’s) PSD2 is making merchants that deal with payment data from Eurozone citizens enhance their payment protocols. All this, Today In Data. 80 percent: The portion of U.S.

Enrollments

FICO

NOVEMBER 25, 2019

This is why FICO has invested in innovations in biometrics and behavioral authentication, combined with machine learning analytics, that can create trust in digital identities while streamlining complex onboarding, fraud and compliance processes. FICO Authentication Suite includes behavioral authentication capabilities.

Authentication