The Payments Association

JULY 15, 2025

John Hamilton Co-founder, ChargebackStop "As deepfakes, evolving regulations, and cloud-native security converge, digital businesses must rethink risk with zero-trust frameworks, real-time threat intelligence, and strong AI governance. Commercial customer onboarding requirements conflict with security measures.

Financial Crimes

Fintech Review

APRIL 15, 2025

In 2025, this method is smarter and more secure than ever, thanks to open banking and improved real-time visibility. Users can manage direct debits through banking apps, pausing, cancelling, or adjusting payments without calling the provider. These transfers are fast, secure, and cost-efficient. Security remains high.

Online and Mobile Banking

The Fintech Times

NOVEMBER 28, 2024

interactive investor users can link their bank account and enjoy one-click digital payments into their ISA, GIA or SIPP with reduced friction caused by the need for a card and one-time passcodes. The option is available to all ii customers with a bank account with access to online banking or a mobile banking app.

Online and Mobile Banking

The Fintech Times

JANUARY 30, 2025

With smartphone theft on the rise across the UK, fintech and mobile security platform, Nuke From Orbit , is launching a nationwide campaign to combat this growing crisis. The challenge UK neobanks have recently surpassed traditional banks in app downloads , with 71.78 million Android users.

Consumer

The Fintech Times

FEBRUARY 20, 2025

Real-time Pay by Bank delivers substantial benefits over traditional payment methods, eliminating intermediaries to reduce processing costs and increase cash flow. Without manual entry of sensitive data, users authenticate payments directly from their mobile banking app for a fast, convenient and secure payment experience.

User Authentication

The Fintech Times

FEBRUARY 20, 2025

Through Payit by NatWest, Salad Money customer can now link their bank account to access one-click digital loan payments with less friction – thanks to a reduced need for a card and one-time passcodes. The option is available to all Salad Money customers with a bank account with access to online banking or a mobile banking app.

Online and Mobile Banking

Fintech News

MARCH 25, 2024

Mobile banking is a rapidly growing market that’s projected to hit a value of US$7 billion by 2032. The 2023 study, which analyzed malware targeting banking apps, uncovered that 29 malware families targeted 1,800 banking applications across 61 countries last year.

Mobile Banking

PYMNTS

OCTOBER 7, 2020

The way we bank is changing in the age of COVID-19. And as Entersekt Senior Vice President of Product Christian Ali told PYMNTS in a recent interview, the means by which banks authenticate their suddenly digital users must change, too. That security layer itself is only as strong as the authentication process.

Authentication

PYMNTS

NOVEMBER 17, 2020

Not only are many account holders visiting brick-and-mortar branches less often than they did before the pandemic, but many are also more reliant on digital banking channels — particularly mobile banking apps — than they have ever been. percent more likely to use mobile banking apps now than they were in 2019, and 51.1

Mobile Banking

PYMNTS

SEPTEMBER 17, 2019

A 5G network could markedly improve mobile banking apps’ speed, security and ease of use. Mobile banking apps have already enjoyed mass adoption, but what are consumers using them for? And, perhaps more importantly, what do they want from digital banking apps that they aren’t currently getting?

Mobile Banking

PYMNTS

MARCH 27, 2020

So it is with the science of authentication, where consumers see happy new horizons of user-defined control among digital and mobile banking apps. Respondents say they go off-course too easily inside many banking apps – and during important tasks like opening accounts. Digital and Mobile App Banking Drivers.

Authentication

PYMNTS

JANUARY 24, 2020

Anti-fraud efforts can seem like word salad with exotic ingredients being tossed around: strong consumer authentication ( SCA ), two-factor authentication (2FA), the second Payment Services Directive (PSD2) … you get the idea. Turns out consumers mostly want one thing from mobile banking apps: control. Control vs. Chaos?

Authentication

PYMNTS

JANUARY 22, 2020

FinTech solution company Entersekt has upgraded its authentication technology in the DACH region of Europe, according to a release. The company recently announced that the software company Netcetera implemented the authentication system for Bank-Verlag, a company that makes and provides secure services for Germany’s banks.

Payment Security

Fintech News

APRIL 22, 2024

While this digital transformation offers undeniable convenience, it also introduces new challenges to mobile security in Indonesia Malware and phishing attacks pose a significant threat to the integrity and security of financial platforms, jeopardising both user data and financial security.

Phishing

PYMNTS

NOVEMBER 17, 2020

The great digital shift has created a host of problems for banks — 1 trillion problems to be exact. As reported by PYMNTS, more than half of all bank customers in the U.S. representing 118 million individuals — use mobile banking apps. Deputizing The Consumer. Indeed, PYMNTS’ own research has found that 24.7

Authentication

PYMNTS

NOVEMBER 14, 2019

New research conducted by PYMNTS, however, reveals that banks and other financial institutions (FIs) appear to be lagging in terms of meeting these expectations. Specifically, banks are failing to enab le the authentication controls that consumers want in their mobile banking apps. In fact, 80.8

Authentication

PYMNTS

MARCH 23, 2018

In financial services today, security and innovation can work with each other, and against each other. But customers’ constant demand for cutting-edge products and services is adding to the load of already heavy security burdens. Passwords remain commonplace, despite the evolution of security technology.

Innovation

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. Businesses and organizations are already taking steps to close this security gap. About the Tracker.

Contactless Payments

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

Consumer

PYMNTS

OCTOBER 12, 2018

The world can be a scary place these days, especially for banks. banks, and these attacks are increasing in both frequency and sophistication. Two-thirds of banks and 83 percent of FIs have experimented with the technology already. According to recently released reports , fraudsters are continuously targeting big U.S.

Security

Finextra

MARCH 27, 2024

HID, a worldwide leader in trusted identity solutions, in partnership with Temenos, a global provider of banking software solutions, announces the successful collaboration with Santander International to provide robust and flexible customer authentication for its digital banking platform.

Mobile Banking

PYMNTS

SEPTEMBER 8, 2020

Mitek , which provides software and authentication services, said it has upped its game with its release of Mobile Deposit 4.8, a mobile banking app. Authentication and fraud prevention have become especially important in a time when the world is using the internet for many daily needs due to the pandemic.

Mobile Banking

PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. For more on these and other digital-first banking news items, download this month’s Tracker. billion by 2024.

Blocks

Stax

JULY 9, 2024

Digital payments incorporate robust security features to protect sensitive information and prevent fraud. Encryption techniques ensure that payment data is transmitted securely between parties, making it difficult for unauthorized individuals to intercept or access sensitive information. What makes biometric authentication unique?

Digital Payments

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

OCTOBER 15, 2018

Recent reports indicate an uptick in fraudsters targeting large FIs, and headlines surrounding security breaches and cyberattacks fill the news on a near-daily basis. According to the International Monetary Fund, banks and FIs could lose as much as $100 billion to cybercrime every year. 3DS drawbacks and the future of authentication.

Security

PYMNTS

AUGUST 9, 2017

Bank of America is reportedly launching a pilot of Samsung Electronics technology that will enable customers to access the mobile banking app via a photo of their eye. At some point, passwords will be a thing of the past, and we need to take friction out of the authentication and verification process,” Moore said in the report.

Authentication

Payments Source

FEBRUARY 12, 2019

The quest to implement a broadly accepted digital ID solution may take years, but Jumio is hoping to get headway with a new authentication service leveraging video selfies.

Authentication

PYMNTS

JULY 10, 2020

Customers cannot afford to let fraudsters compromise their bank accounts under any circumstances, but the current economic climate makes attacks all the more painful. FIs can adopt more robust login approaches to make it less likely that bad actors can obtain the necessary information to pass authentication checks.

Multifactor Authentication

The Fintech Times

APRIL 23, 2024

As mobile banking apps continue to accrue a seemingly ever-growing user base, criminals may sense an opportunity to access people’s finances by exploiting weaknesses in some banks’ security, consumer champions Which? They were not able to test banks’ back-end security systems. While Which?

Addressing

PYMNTS

FEBRUARY 18, 2020

Banks are increasingly embracing new channels to offer seamless omnichannel services to their customers, but doing so often creates silos that handle large amounts of collected data. Estimates suggest that synthetic identity theft is responsible for approximately 80 percent of the banking industry’s credit card losses.

Authentication

Fintech News

OCTOBER 22, 2024

In Asia-Pacific (APAC), fraud is becoming an increasingly serious challenge for financial institutions, an issue that has been exacerbated by the rapid adoption of digital transactions and online banking. of respondents reported investments in online and mobile banking security, and 48.9% About 55.3%

APACS

PYMNTS

OCTOBER 30, 2018

A consumer’s sense of security and trust can be a funny, even unpredictable thing, especially when it comes to payments, banking and commerce. Maybe it’s the reputation of a brand that lowers the mental resistance to inputting payment and personal details on a mobile device to complete a transaction. Good UX vs. Security.

Mobile Banking

PYMNTS

NOVEMBER 24, 2020

South African digital identity firm Entersekt is partnering with African FinTech Cellulant to bring enhanced cybersecurity to mobile banking and digital payments. . 24) that the collaboration with Cellulant will help “drive consumer confidence in digital banking and boost the adoption of digital payments on the continent.”.

Security

PYMNTS

JUNE 6, 2016

Customers are drawn to banking technology that is easy to use yet secure enough to safeguard their personal information. For major banks looking to gain consumer trust while staying ahead of the technological curve, creating services that are both simple and secure can be a major challenge.

Authentication

Payments Source

NOVEMBER 7, 2016

Citibank has launched Touch ID sensor authentication for its iOS mobile banking users in Hong Kong.

Authentication

Segpay

SEPTEMBER 24, 2024

The customer can select their preferred bank from that list. For authentication, customers are redirected to their familiar online banking portal or mobile banking app. Once the customer authorizes the payment, the funds are transferred directly from the customer’s bank account to the merchant’s bank account.

Accounts