PYMNTS

JULY 1, 2019

There is a growing need for stronger authentication methods as the number of attacks continues to climb. As such, FIs must seek more innovative authentication procedures that take less time and draw less ire than weak password and PIN systems. Biometrics and the Benefits for Security .

AI 75

AI Authentication Online and Mobile Banking Verification 75

PYMNTS

DECEMBER 6, 2016

Or being big and regulated. Big and regulated banks — especially these days — are not set up to sprint. Decades of legacy infrastructure and a web of regulations make it tough to adopt a “move fast and break things” mantra — even if the regulators would allow it. It’s not easy being big. Yes, that Citibank.

FinTech 94

FinTech Compliance Regulations Authentication 94

The Payments Association

DECEMBER 18, 2024

Payments will be seamless and invisible, with biometrics on devices as the main form of secure customer authentication (SCA). Tokens securely stored across merchants, devices, and banks will enable frictionless, near-instant transactions, setting a new standard for customer-merchant payment experiences. ”

Cross-Border 88

Cross-Border AI Push-to-Card Real Time Payments 88

PYMNTS

AUGUST 21, 2019

In the latest Digital Banking Tracker , PYMNTS examines how legacy banks are approaching innovation among the rising tide of challenger banks and smaller FinTech startups, as well as how they’re approaching authentication and security as customers continue to demand more convenience and speed. About the Tracker.

Online and Mobile Banking 77

Online and Mobile Banking AI Mobile Banking Innovation 77

PYMNTS

SEPTEMBER 16, 2019

Despite announcements last month that the deadline for Strong Customer Authentication (SCA) compliance will be extended , the original proposed deadline approaches next week. has not implemented regulations like GDPR or SCA, but there has been a groundswell of interest, at least from the private sector. Previous efforts for the U.S.

Compliance 52

Compliance Authentication Online and Mobile Banking Privacy 52

The Fintech Times

DECEMBER 21, 2023

Today we hear insights from payments experts, including the adoption of tap-to-pay technology, the role of blockchain and AI in payments, flexible payment terms, security in authentication methods, PSD3 implementation, vertical-specific solutions, and the rise of digital wallets.

Cross-Border Payments 115

Cross-Border Payments Cross-Border Online and Mobile Banking Payments 115

Fintech News

APRIL 22, 2024

of all mobile threats detected included mobile banking Trojans, highlighting the prevalence of these targeted attacks. Furthermore, SecIron provides actionable insights and recommendations to help companies strengthen their security posture and maintain compliance with industry regulations.

Phishing 119

Phishing Security Blocks Cybersecurity 119

PYMNTS

MAY 13, 2019

And why would you want your banking built on that inherently insecure system?” Separation and authentication of those transactions are critical, he said, in an age where banks want to tap into a demographically desirable population: millennials. Eyeing GDPR And PSD2, Too. You should not rely solely on biometrics.

Online and Mobile Banking 53

Online and Mobile Banking ATM Authentication Compromise 53

PYMNTS

SEPTEMBER 16, 2019

Possession and inherence bring consumers more heavily into the authentication process because both rely on information that only they have. Biometrics and authentication challenges . Regulators are also closely examining biometrics as the deadline moves closer. SCA and the awareness problem.

Posting 46

Posting Authentication Online and Mobile Banking Technology 46

The Fintech Times

MAY 17, 2024

This year, new ways to ‘tap’ on a mobile device will become an integral part of the Visa experience. The company will also pass the data token to the consumer’s bank to capture where the data has been shared, so the consumer can easily review where it has been shared in their mobile banking app and revoke access if they choose.

Product 128

Product Consumer Online and Mobile Banking RTP 128

PYMNTS

NOVEMBER 17, 2020

Mastercard’s $825 million move to acquire Finicity, which provides access to financial data in real time, is inching ahead after the deal gained the approval of federal regulators. NEW DATA: 43M Consumers Are Holding out on Mobile Banking Apps. DOJ Green-Lights Mastercard's $825M Acquisition of Finicity. Almost 120 million U.S.

Visa 52

Visa Venmo PayPal Mobile Banking 52

PYMNTS

OCTOBER 10, 2019

Rising Know Your Customer and other risk mitigation regulations have the financial services world eyeing digital identity technology. “You can’t be negligent in trying to verify or determine the authenticity of users before they access consumer credit,” Hanson told PYMNTS. The same goes for small business users, too.

Small Business 49

Small Business Authentication Online and Mobile Banking Risk Mitigation 49

PYMNTS

JUNE 26, 2020

Digital banking has become the new normal as social distancing guidelines and stay-at-home orders have drastically curbed financial institutions’ (FIs’) abilities to conduct in-branch services. Online account openings increased by more than 200 percent in April, while all mobile banking traffic rose by 85 percent.

Online and Mobile Banking 88

Online and Mobile Banking Checks Consumer Authentication Audit 88

PYMNTS

JANUARY 1, 2021

Banks will need to seriously revamp their in-branch experiences to accommodate the new normal as customers are growing used to the unparalleled convenience and speed that mobile banking has to offer. regulations.”. Digital Identity. Whole Paycheck: The Battle For The Digital-First Consumer. consumer paycheck as possible.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

PYMNTS

SEPTEMBER 4, 2019

In eCommerce and mobile banking, friction is a four-letter word, an interruption and annoyance — even a speed bump — on the path to transactions and getting things done. That gave rise to one-time passcodes delivered by SMS, for example, which proved a popular method of multi-factor authentication.

Online and Mobile Banking 44

Online and Mobile Banking Authentication Mobile Banking Breach 44

PYMNTS

JUNE 17, 2019

The discussion took place as more attention shifts to open banking. Open Banking regulations and enable trusted third parties to access a customer’s data based on the account holder’s consent — a key step toward more digital payments innovation. Bank Threat.

API 78

API Online and Mobile Banking Authentication On-Demand 78

PYMNTS

JANUARY 6, 2020

With the General Data Protection Regulation (GDPR) and the revised Payments Services Directive (PSD2) humming along in Europe, open banking is overtaking the financial world just as consumer data law gets muscular. For these and other reasons, Turkey offers unique insights into the new open banking terrain.

Online and Mobile Banking 52

Online and Mobile Banking CCPA Regulations Consumer Authentication 52

PYMNTS

JUNE 10, 2019

The web, he asserted, exists as an application programming interface (API) that interfaces with a computer, allowing bank customers to transact with their banks — and the interface is open to everyone, provided they are properly authenticated. They call that Open Banking, but I call that closed banking.”.

API 72

API Credential Consumer Authentication 72

PYMNTS

DECEMBER 26, 2016

Here is the response from Sarah Clark, general manager, identity, Mitek … Payments 2016: The Year Mobile, Biometrics And Trust Converged. As payments continue their digital and mobile transformation, 2016 became the year that new methods of identity verification and authentication in the mobile channel became critical to success.

Authentication 43

Authentication Verification Payments AML 43

PYMNTS

JULY 29, 2019

Kotak Mahindra Bank, meanwhile, just launched an upgraded version of its Keya chatbot, which uses Active.AI Most Indian FIs that are experimenting with and deploying chatbots are relying on AI to grant some measure of personalization to their mobile banking experiences.

AI 72

AI Automation Online and Mobile Banking ATM 72

PYMNTS

JANUARY 27, 2017

government and firms that are being regulated. Attributes that already exist online can be gathered together for authentication, for anything from entering a building to opening an app to sending money across mobile banking. And in the U.S., But the advent of technologies such as blockchain may help streamline things.

Social Security 57

Social Security Online and Mobile Banking Credential Government 57

M2P Fintech

JANUARY 3, 2024

Regulatory Compliance To stay compliant, banks need to adhere to central bank regulations on transaction security, data security, and privacy, among others. Core banking systems must have integrated compliance features that can adapt to evolving standards and regulations for robust security and fraud detection.

Payment APIs and Integration 59

Payment APIs and Integration CRM Online and Mobile Banking Privacy 59

PYMNTS

JANUARY 31, 2018

Simply put, 36 percent said the process took too long, and authentication was too time-consuming, at 20 percent. The price can be a heavy one to pay, as 31 percent of respondents reported having a negative view of their financial institution after abandoning a mobile banking activity.

Online and Mobile Banking 61

Online and Mobile Banking Push-to-Card Money Laundering AML 61

Fintech Finance

JUNE 4, 2024

With Pay by Bank poised for further growth in the coming years, as more banks leverage instant payment rails in alignment with new European Commission regulations, the launch of Token.io’s Hosted Pages will elevate Pay by bank user experiences, introducing new conversion-boosting features, including: Faster bank authentication for payments initiated (..)

Alternative Payment Methods 52

Alternative Payment Methods Real Time Payments Instant Payments Processing Costs 52

Segpay

JUNE 25, 2024

Bank Selection : The customer selects their preferred bank from a list that a PSP usually provides. Authentication : Customers are redirected to their familiar online banking portal or mobile banking app. This helps both PSPs and merchants comply with strict EU regulations.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52

Center for Payments

OCTOBER 20, 2023

With the rise of mobile banking, digital wallets, and online lending platforms, individuals now have access to financial services at their fingertips. Technology enables financial institutions to reach remote areas and provide services to those who were previously excluded from the formal banking system.

Financial Inclusion 40

Financial Inclusion Cybersecurity Innovation Online and Mobile Banking 40

PYMNTS

MARCH 30, 2020

Bryant said end users want “assurances baked into products upfront,” and noted there has been an increasing embrace of two-factor authentication and for other protective measures that go far beyond user IDs and passwords. We don’t require regulation to drive a good cybersecurity program,” he told PYMNTS.

Credit Union 57

Credit Union Credit Union Service Organization Privacy Cybersecurity 57

PYMNTS

JANUARY 19, 2021

The better way to guard against illicit activity, they said, is to leverage geodata from apps that enable banks to determine the location of devices right at the time of the transaction (think: Google Maps, or a favorite ride-hailing app). Only about a third of banks’ apps ask for robust location data, said Briggs.

Online and Mobile Banking 90

Online and Mobile Banking Addressing Scams Account Takeovers 90

PYMNTS

SEPTEMBER 29, 2017

For consumers looking for mobile banking options, there’s no shortage of solutions available in digital download stores alone. based, startup, digital and mobile financial firm Starling Bank, the answer has often involved trying to stay ahead in the crowded digital banking race.

Payment APIs and Integration 46

Payment APIs and Integration Online and Mobile Banking Faster Payments Cross-Border 46

The Fintech Times

FEBRUARY 19, 2024

The digital divide, regulation and cyber security are three examples of developing challenges any fintech will face. Regulation is constantly evolving, with the FCA releasing eight guidance papers and an additional 78 ‘calls for input’ and ‘consultation papers’ in 2023 alone.

Financial Inclusion 59

Financial Inclusion Online and Mobile Banking Digital Currency Economy 59

PYMNTS

OCTOBER 10, 2019

percent of customers agreed that mobile transactions would be more secure if the consumers themselves had more control over their authentication options. Around the Digital Banking World. Regulators as well as banks are searching for ways to keep launderers and other fraudsters out of online banking.

AML 50

AML Money Laundering Online and Mobile Banking Fincen 50

The Fintech Times

JULY 23, 2024

Once COVID affected the travel sector, we successfully pivoted to serve individuals and families with a full-featured mobile banking app supporting accounts, cards, and payments in multiple languages. Initially, we targeted the travel industry and digital nomads, with the name TravelUnion reflecting that focus.

Payment APIs and Integration 69

Payment APIs and Integration AI FinTech Innovation 69

PYMNTS

DECEMBER 21, 2016

In April, Atom Bank , which launched in April 2014, got approval from regulators to launch its app-only banking business. Back then, Atom said it was first planning to roll out iOS apps for iPhone and iPad that would employ facial and voice recognition technology to authenticate users.

Accounts 40

Accounts Authentication Regulations Technology 40

Fintech Labs Insights

JULY 12, 2016

Sberbank creates mobile virtual network operator (MVNO) to pave way for launch of mobile bank. iSignthis to provide digital KYC, customer authentication, and secure card vaulting for FxNet.com. Celent recognizes D3 Banking for its commitment to customer service and innovation in Depth of Service Award.

Fraud Prevention 18

Fraud Prevention Credit Union Authentication Gateways 18

The Fintech Times

MAY 22, 2024

The roll-out of strong customer authentication (SCA) over the past two years has helped to reduce this type of fraud by verifying customer’s identity. “Here, digital wallets, with their enhanced security through biometric authentication, could hold the key to helping reduce instances of fraud.

Scams 59

Scams Finance Push-to-Card Romance Scams 59

Fintech Finance

MAY 16, 2024

3 This year, new ways to “tap” on a mobile device will become an integral part of the Visa experience. Visa will also pass the data token to the consumer’s bank to capture where the data has been shared, so the consumer can easily review where it has been shared in their mobile banking app and revoke access if they choose.

Product 52

Product Online and Mobile Banking Credential RTP 52

PYMNTS

NOVEMBER 16, 2018

Even so, it doesn’t veer too much toward the illusionary and nostalgic to submit the proposition that banking, and other financial services , used to be much more personalized — much more one on one — than is the case now. Companies can use AI to strengthen the level of insight they have about markets, customers, everything,” Adjaoute said.

AI 43

AI Fraud Prevention Online and Mobile Banking Money Laundering 43