Remove Authentication Remove Enrollments Remove Payment Security
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This Week in Fintech: TFT Bi-Weekly News Roundup 03/07

The Fintech Times

The move supports growing demand for streamlined treasury solutions that combine digital assets with traditional payment infrastructure. Identity verification platform IDnow has partnered with biometric authentication provider Keyless to enable ongoing user authentication beyond onboarding.

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Mastercard Replaces OTPs with Biometrics for Secure Online Checkouts in APAC

Fintech News

Payment giant Mastercard is accelerating and securing online transactions in Asia Pacific by eliminating the need for one-time passwords (OTPs) with its enhanced Mastercard Payment Passkey service. This enables shoppers to complete guest checkouts without storing card details, offering enhanced security against fraud.

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Mastercard Goes OTP-Free in APAC for Faster, Safer Online Transactions

Fintech Finance

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.

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GIACT On Why Faster Payments Don’t Have To Mean Faster Fraud

PYMNTS

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.

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The Fed Prioritizes Security As Payments Speed Up

PYMNTS

Last week, the Fed’s Secure Payments Task Force called for comment from industry stakeholders about what challenges they face when it comes to payments security. “The Secure Payments Task Force is particularly interested in understanding any barriers that may exist to implementing the planned solutions.”

Fed
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The Perfect Secure Payments Storm

PYMNTS

The updated 3D Secure 2.0 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. 3D Secure 2.0 The arrival of 3D Secure 2.0 Data Trove.

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How An Integrated AP Management Approach Can Boost The Bottom Line

PYMNTS

In a piecemeal approach, technical implementation, vendor onboarding and payment processes can become fragmented, with one approach for card, another for ACH and another for checks. Moran added that “it is too complicated for companies to manage different payment solutions and processes inside their organizations.

ACH