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.”

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Authentication Finance Security Due Diligence 52

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

FICO

MAY 7, 2020

The transition to digital methods of identity verification and validation during the onboarding process has been accelerated by the spread of COVID-19 and the subsequent restrictions in non-essential travel. identity verification). This means that, at the online point of sale, you need to find out: Does the identity exist?

Verification 52

Verification Money Laundering Authentication Enrollments 52

PYMNTS

DECEMBER 13, 2017

Identity verification and user authentication are hot spaces right now, and only getting hotter as merchants, financial institutions (FIs) and consumers demand more foolproof protection against fraudsters. Today, though, visit any industry trade show and the halls are packed with identity verification products.

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Verification Social Security Enrollments Authentication 62

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 102

Identity Theft Ransomware FBI Enrollments 102

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

PYMNTS

FEBRUARY 10, 2020

Biometric digital identity verification solutions are becoming more and more commonplace thanks to their implementation in everyday devices like smartphones and fitness wearables. The bank plans to enroll all 3.7 Biometric verification is being installed in payment cards as well. Developments From Around The World Of Digital ID.

Data Breach 94

Data Breach Point-of-Sale (POS) Push-to-Card Breach 94

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 71

Enrollments Authentication Security Issuers 71

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 105

Privacy Compliance CCPA Authentication 105

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

PYMNTS

SEPTEMBER 7, 2017

With the DFS Tech grant, supported by the Bill and Melinda Gates Foundation , Veridium will launch a pilot project in a developing region to allow fingerprint scanner verification to be deployed instantly, anywhere and with no marginal cost.

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Verification Enrollments Money Laundering Authentication 43

FICO

APRIL 8, 2020

Identity Verification. The digital identity verification equivalent enables a “selfie” sent by the applicant to be accurately compared with the photo of their identity document. Together identity validation and identity verification are often referred to as identity proofing. Enrollment.

Accounts 52

Accounts Enrollments Authentication Verification 52

PYMNTS

MARCH 18, 2019

CLEAR ’s enrolled customers can use their biometric identity anywhere the firm operates, which was in about 25 major airports throughout the U.S. With CLEAR, enrolled customers can walk up, scan their fingerprint and move directly to the TSA full screening instead of spending time in the pre-screening line. as of last August.

Verification 44

Verification Enrollments Authentication Privacy 44

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 76

Online and Mobile Banking Verification Database Authentication 76

PYMNTS

DECEMBER 10, 2020

This method allows banks and merchants to verify customers through video interviews and biometric authentication, which are checked against physical documents. Another key advantage is that video ID can reduce verification time from days to minutes. Video verification is one way to ensure smooth experiences and build trust. .

Due Diligence 80

Due Diligence Online and Mobile Banking BSA Federal Reserve 80

FICO

JANUARY 11, 2021

Because humans are involved, the thoroughness of document verification varies based on the person performing this manual process. The goals of a successful, comprehensive identity verification program include: Increase legitimate bookings of new accounts by reducing friction during the application through risk management tools.

Online and Mobile Banking 52

Online and Mobile Banking Authentication Identity Theft Account Takeovers 52

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 59

Online and Mobile Banking MFA SWIFT Enrollments 59

FICO

DECEMBER 2, 2020

Customer journeys driven through a well-designed banking app with mobile phones used for face and document image capture, fingerprint capture, device recognition and keystroke analysis augers well for both account applications and the ongoing authentication of customers returning to use their accounts through their banking app.

Verification 72

Verification Compliance Regulatory Compliance Authentication 72

PYMNTS

DECEMBER 9, 2019

Global ID verification provider Trulioo has announced it will now be able to verify customers in Nigeria and Ghana, according to a release by the company. Both Nigeria and Ghana have recently taken steps toward making it easier for people to procure digitization services, which includes ID verification.

Verification 52

Verification Enrollments Compliance Economy 52

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 52

Authentication Online and Mobile Banking Non-Bank Enrollments 52

PYMNTS

SEPTEMBER 14, 2020

Failing to properly authenticate students could delay their enrollment and improper authentication during onboarding could also open up universities’ online portals to fraudsters. It will leverage a third-party technology providers’ app to verify its students’ identities using two-factor authentication (2FA).

Online and Mobile Banking 61

Online and Mobile Banking Authentication Adjustments Returns 61

FICO

AUGUST 28, 2020

In general, organizations need to stop looking for ‘magic bullets’; there is no single authentication factor that will work for all customers in all scenarios. Indeed, regulation such as Payment Services Directive 2 (PSD2) enshrines the need for multi-factor authentication for payment providers such as banks and credit card issuers.

Authentication 52

Authentication Online and Mobile Banking Breach Data Breach 52

PYMNTS

FEBRUARY 22, 2019

That’s especially true along the traditional and current methods of authentication , he said. Nowadays, verification spans many conduits and data points — including something the consumer is (i.e., Nowadays, verification spans many conduits and data points — including something the consumer is (i.e.,

Credential 52

Credential Account Takeovers Authentication Ubiquitous 52

PYMNTS

JULY 15, 2020

This seismic shift is, in turn, making it more important than ever for providers to examine the use of digital identity authentication technologies.”. As things like “deep fakes” get real and digital onboarding replaces face-to-face document presentation and authentication post-pandemic, KYP tech is fast becoming indispensable.

Data Breach 58

Data Breach CCPA Breach Social Security 58

Nanonets

SEPTEMBER 14, 2023

This advanced technology serves as a gatekeeper, verifying the authenticity of signatures and safeguarding the integrity of documents. However, in many cases, documents, contracts, forms, and agreements may also include signatures that are important for various legal, administrative, or authentication purposes.

Legal 52

Legal Authentication Disputes Agreements 52

PYMNTS

APRIL 11, 2017

Initial enrollments may happen online, added the executive, where regulatory hurdles must be leapt, for identity verification, at the front end. A lot of consumers hate two-factor authentications, he said, and a lot of people turn them off. While you are finishing the application, we are doing the authentication,” he said.

Credential 40

Credential Enrollments Authentication Breach 40

PYMNTS

SEPTEMBER 19, 2019

FIs are also offering more ways for customers to enroll, such as through mobile, with 36 percent of banks and credit unions now offering end-to-end mobile account opening features for users. Customers can easily become frustrated when asked to provide additional verification in mobile channels, however.

AI 57

AI Accounts Data Breach Credential 57

PYMNTS

JUNE 27, 2017

In this week’s Commander in Chief series, PYMNTS talks with mobile capture and identity verification company Mitek Systems ’ CEO James DeBello about what moves the ball for the mobile industry. JB: More recently, we recognized a growing global need for mobile identity verification solutions. JB: Innovation often means taking a risk.

Innovation 58

Innovation Verification AML Money Laundering 58

PYMNTS

MAY 24, 2018

The occasion was the release of Sensory’s TrulySecure Speaker Verification (TSSV) 2.0 biometric technology that, in this latest version, includes new embedded voice authentication features and accuracy improvements. Voice user interfaces today aren’t terribly discriminating about who can access them, for instance.

Authentication 46

Authentication Ubiquitous User Authentication Enrollments 46

CB Insights

JUNE 5, 2019

The service promises “real-time analysis” of video streams and “face-based user verification” among other features. In addition, the company filed a patent in 2018 that explores additional layers of authentication, including asking users to perform certain actions like “smile, blink, or tilt his or her head.”.

Technology 78

Technology Law Enforcement Online and Mobile Banking Authentication 78

PYMNTS

AUGUST 10, 2017

Assurance of such digital safety has several components, among them identity proofing, authenticators and federation assertions, governed by risk analysis, and, in this case, the guidelines target federal agencies, offering up required and suggested practices. Each agency has jurisdiction over the levels of assurance they employ.

Social Security 53

Social Security Security Credential Authentication 53

Fintech Finance

MARCH 28, 2024

Instead, an automatic email lookup coupled with two-factor authentication allows the cardholder to access available cards instantly when they arrive at the checkout, before permitting their bank to securely share their payment credentials directly with the retailer.

Visa 52

Visa Security Credential Payments 52

PYMNTS

JULY 9, 2018

The “customer” was really a fraudster who came into a verification process armed with all they knew would be necessary to fool the system. Companies have siloed enrollments away from payment and identification — they treat them as separate entities. Of course, in these cases, appearances were deceiving.

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Fraud Detection Enrollments Addressing Verification 44

PYMNTS

AUGUST 21, 2018

Yet, it is the financial services industry, he remarked, that knows there must be new and robust alternatives to knowledge-based authentication (KBA) in the offing. “I Against the larger backdrop (against the data breaches, the lax cryptos and the questioned-based authentication efforts), what remains is a bit of a surprise.

Data Breach 42

Data Breach Breach Laws Authentication 42

PYMNTS

MAY 29, 2018

In Australia, for instance, the government has nailed down an extensive framework around who can participate in the network and is launching a new enrollment process in the fall, in which private companies can take part – this has been piloted with the postal service and transportation industry.

Interoperability 43

Interoperability Government Governance Authentication 43

PYMNTS

MAY 28, 2018

In Australia, for instance, the government has nailed down an extensive framework around who can participate in the network and is launching a new enrollment process in the fall, in which private companies can take part – this has been piloted with the postal service and transportation industry.

Interoperability 40

Interoperability Government Governance Authentication 40

PYMNTS

SEPTEMBER 6, 2019

The need for newer, stringent authentication comes as call centers — especially those for banks and other financial services — are getting hit with increasingly sophisticated fraud. Users’ voices, how they hold their phones or type and their fingerprints are all factors call centers are examining for more secure authentication.

MFA 49

MFA Authentication Phishing Verification 49