article thumbnail

New Skyfire Solution Enables AI Agents to Authenticate Themselves as Genuine Paying Customers

The Fintech Times

Skyfire , the payment network built for the AI Agent economy, has launched Agent Checkout, built on top of KYAPay, an open protocol that turns AI agents into full participants in the digital economy. The post New Skyfire Solution Enables AI Agents to Authenticate Themselves as Genuine Paying Customers appeared first on The Fintech Times.

article thumbnail

Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

The platform integrates various components, including an Integration Platform for seamless connectivity, a Participant Portal for real-time transaction monitoring, and a Dispute Portal for efficient case resolution.

article thumbnail

Fraud unveiled: Key takeaways from merchant roundtable discussion

The Payments Association

This session drew participants from diverse industries, including retail, travel, telecommunications and hospitality, each grappling with unique yet interconnected fraud challenges. The topic concluded with participants agreeing that fraud is no longer limited to traditional theft or hacking. This is a loophole that needs to be closed.

article thumbnail

What You Need to Know about Singapore’s Upcoming Shared Responsibility Framework

Fintech News

Beyond the SRF, we are studying stronger, out-of-band authentication solutions, such as the use of Fast IDentity Online (FIDO)-compliant tokens, to enhance defences against unauthorised phishing transactions.” This inclusion acknowledges the increased risk of significant losses from e-wallets and mandates robust consumer protection controls.

Phishing 135
article thumbnail

Somalia Launches First Nationwide Instant Payment System Powered by BPC

Fintech Finance

The platform integrates various components, including an Integration Platform for seamless connectivity, a Participant Portal for real-time transaction monitoring, and a Dispute Portal for efficient case resolution.

article thumbnail

Trusted devices and silent signals could help FIs improve fraud protection

Finextra

Traditional authentication methods rely heavily on static passwords and one-time codes, which can be easily compromised. Unlike traditional authentication methods, this approach goes beyond simple device recognition, incorporating sophisticated behavioral analysis. First, it verifies the devices trusted status.

article thumbnail

The Anatomy of a Credit Card Transaction

Clearly Payments

Key Participants in a Credit Card Transaction In the world of credit card payments, a set of participants ensures each transaction flows smoothly, from the moment you swipe, tap, or click “purchase” to when the merchant receives their payment. increase from the previous year.