Fintech Review

NOVEMBER 27, 2024

Data Privacy and Security Concerns As fintechs handle sensitive financial data, data privacy and security are critical. Fintech companies must prioritise data protection through encryption, authentication, and compliance with local regulations to build trust with SME users.

FinTech

Finextra

JUNE 11, 2025

Aadhaar Enabled Payment System (AePS) (2014): Leveraged Aadhaar biometric identity for financial inclusion, allowing basic banking services through biometric authentication at agent points. Please read our Privacy Policy. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.

Financial Inclusion

Clearly Payments

NOVEMBER 13, 2024

Although BINs play a critical role in how payments are processed and authenticated, they often go unnoticed by the average consumer or merchant. Card Verification and Authentication : BINs support the verification process by providing immediate access to the issuing institution’s information.

Process

Fintech Review

APRIL 20, 2025

Cybertech helps mitigate these risks by securing each layer of the stack from device authentication to back-end systems. Yet, as services move to the cloud and users expect instant access, the attack surface expands. It also enables faster, safer innovation. New features can be launched with confidence that systems will remain secure.

Finance

Fintech Finance

NOVEMBER 28, 2024

Unlike traditional PINs or passwords, sAxess utilizes fingerprint authentication and other biometrics to ensure that only authorized individuals can access sensitive data. This goes beyond current methods of managing sensitive information for individuals and organizations, ensuring data recovery without compromising privacy. “We

Security

Clearly Payments

OCTOBER 31, 2024

Growth : The prepaid market is projected to grow by 10% annually as privacy-conscious consumers turn to prepaid options to limit personal information sharing. Biometric Payments Overview : Biometric payments use physical traits, such as fingerprint or facial recognition, for authentication.

Online and Mobile Banking

Stax

JANUARY 28, 2025

Click to Pay is based upon global EMV Secure Remote Commerce (SRC) standards, which include security measures like tokenization , multi-factor authentication , and 3D Secure protocols. The customer will then input the passcode to complete the authentication process. It is also built to be super secure.

Payment APIs and Integration

Finextra

JULY 24, 2025

Features to look for in a future-ready platform Your ideal platform must support real-time payments, multiple currencies, and strong user authentication. You also need strong audit trails, user verification, and data privacy controls. You should use multi-factor authentication, tokenization, and encryption for every transaction.

Digital Payments

Finextra

JUNE 26, 2025

It also brings in stronger customer authentication (SCA) to prevent fraud during digital payments. PSD2 strengthens customer authentication. Please read our Privacy Policy. This allows you to connect your customers’ accounts to trusted third-party services while keeping full control. AML stops financial crime.

PCI DSS

Finextra

JUNE 18, 2025

Stopping fraud at the point of authentication is the low-hanging fruit in reducing the cost of chargebacks. With the right 3DS access control server (ACS) and modern authentication methods, FIs can combat first-party fraud with forensic proof that the transaction was legitimately authenticated. Please read our Privacy Policy.

Issuers

Clearly Payments

JULY 23, 2025

Card networks like Visa and Mastercard are enforcing stricter standards, regulators are expanding privacy laws, and payment providers are under pressure to monitor merchant activity more closely. is rolling out, with new requirements around authentication, encryption, and risk monitoring.

Compliance

Finextra

JULY 10, 2025

Authentication Problems Security protocols such as 3D Secure require customers to complete additional verification steps during checkout. 3DS2) for Smarter Authentication 3D Secure 2.0, an updated payment authentication standard, supports compliance with regulations like PSD2 in Europe. Please read our Privacy Policy.

Transactions

Finextra

JULY 27, 2025

Let’s tour Plaid’s core offerings – and how fintech apps use them – from authentication through insights: Auth & Balance : Plaid’s first claim to fame was simplifying account verification for payments. Please read our Privacy Policy. We use cookies to help us to deliver our services.

Product

Clearly Payments

DECEMBER 11, 2024

Why It Matters : Popular in gaming and online entertainment, prepaid cards provide privacy and budget control, making them a secure option for online payments. Prepaid Cards and Vouchers What It Is : Users load funds onto prepaid cards or use vouchers to make purchases. Popular Examples : Paysafecard, Neosurf.

Alternative Payment Methods

The Payments Association

DECEMBER 10, 2024

However, In addition to adopting advanced fraud detection tools, payments firms must implement robust authentication methods such as multi-factor authentication (MFA), biometric verification (e.g., From AI-driven fraud detection tools to enhanced authentication methods, the industry embraces innovation to stay ahead of fraudsters.

AI

Finextra

JULY 3, 2025

Users can: Store card credentials securely Authenticate with biometrics Make fast, online, and contactless payments Access loyalty points, tickets, or IDs You’re not managing funds. Please read our Privacy Policy. The digital wallet becomes a smart layer on top of the existing infrastructure. You’re managing experiences.

eWallet

Finextra

JUNE 25, 2025

That’s why institutions must embrace advanced countermeasures: Federated AI models that learn from distributed data sources without compromising privacy. AI is enabling: Biometric authentication that eliminates passwords and PINs. Please read our Privacy Policy. Collaborative intelligence between banks, fintechs, and regulators.

Fraud Detection

Fi911

JUNE 20, 2025

However, privacy regulations and data silos complicate comprehensive verification. Current requirements focus on document verification without mandating checks for identity authenticity. Multi-source verification, biometric authentication, and knowledge-based authentication questions help confirm legitimacy.

Identity Theft

Finextra

JUNE 13, 2025

Biometric authentication, like fingerprint and facial recognition, is now standard, with 78% of banking apps implementing it, according to Statista. Emerging security measures include: Multi-factor authentication, combining biometrics with one-time codes. Please read our Privacy Policy.

Mobile Banking

Finextra

JUNE 11, 2025

Implication for FSIs: Banks must move beyond static authentication models and embrace real-time risk scoring , behavioural biometrics , and API-first integration to compete. Please read our Privacy Policy. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.

Consumer

Fintech Finance

JUNE 5, 2025

To pay in-store, customers simply double-click the side button, authenticate and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code.

Visa

Fintech Review

MARCH 11, 2025

Leading financial institutions trust Feedzai to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, users can visit feedzai.com.

Scams

The Paypers

JUNE 17, 2025

Transactions are authenticated in real-time utilising 3D Secure 2 to manage chargeback risks and liability for fraudulent transactions. Privacy Policy Cookie Statement Terms and Conditions When shared with shoppers, the link references ADZ Worldline Payment Solutions, making it easily recognisable as the proper link for customers.

Payment Solutions

The Fintech Times

NOVEMBER 6, 2024

Visa Payment Passkey – Enables consumers to authenticate their identity, and authorise payments, by scanning their biometrics. New wallet payment experience – Soon, consumers will be able to use their wallets to scan and pay at merchants outside of their domestic markets that accept Visa via scanning-enabled QR codes.

Product

Finextra

JULY 7, 2025

As one of the first banks worldwide to embed generative AI in customer-facing features, CBA has reduced customer scam losses by 50% through AI-powered safety tools like NameCheck, which flags payee name mismatches, and CallerCheck, which verifies the authenticity of calls claiming to be from the bank. Please read our Privacy Policy.

AI

Finextra

JUNE 16, 2025

Strong Consumer Authentication Each transaction is securely authorized via biometric authentication, with tokenisation and encryption protecting all payment data. Please read our Privacy Policy. Highlights Contactless tap, familiar ease Consumers pay instantly from their bank accounts without redirects or entering card details.

Payment APIs and Integration

The Payments Association

JANUARY 3, 2025

From the fraud teams perspective, sharing data with partners seems logical, but businesses are often hesitant, citing privacy concerns and lengthy legal processes. Tao described the difficulties of navigating the legal and organisational hurdles that often impede data sharing.

Fraud Detection

Fintech Finance

DECEMBER 11, 2024

Once they agree to the terms, they can double-click the side button and authenticate with Face ID or Touch ID to confirm their purchase. With this integration, users can enjoy all the privacy and security features they love about Apple Pay. This decision will not impact a customers’ credit score.

BNPL

The Fintech Times

NOVEMBER 11, 2024

This integration provides American Express customers with greater control and transparency over how they share their financial data, using secure authentication without needing to share credentials.

Security

Finextra

JULY 2, 2025

Enhanced Security: Pay by Bank leverages secure, bank-approved authentication, using biometric authentication to verify transactions. Please read our Privacy Policy. . • Faster Transactions: Payments are processed in real-time, helping merchants to improve cash flow and reduce payment delays.

Payment APIs and Integration

Finextra

AUGUST 12, 2025

Enhanced security with bank-authenticated payments and confirmation of payee. Please read our Privacy Policy. . ● Available via the Prommt API for easy integration into web checkouts, mobile apps, and ERP systems. ● A familiar digital journey via customers’ banking apps. Significant reduction in fraud, chargebacks, and manual errors.

Payment APIs and Integration

Finextra

JULY 1, 2025

Please read our Privacy Policy. An identity fabric is a set of converged IAM capabilities designed to manage access across all user types, internal staff, customers, and external partners alike. 26 June Now Hiring All companies Welcome to Finextra. We use cookies to help us to deliver our services.

Embedded Finance

Finextra

JULY 23, 2025

Institutions are investing in advanced encryption, multi-factor authentication, and continuous monitoring to safeguard customer information. Meanwhile, compliance with evolving regulations remains a moving target, especially as global standards for AI and data privacy continue to develop. Please read our Privacy Policy.

AI

Fintech Review

NOVEMBER 28, 2024

Unlike traditional PINs or passwords, sAxess utilizes fingerprint authentication and other biometrics to ensure that only authorized individuals can access sensitive data. This goes beyond current methods of managing sensitive information for individuals and organizations, ensuring data recovery without compromising privacy. “We

Security

The Payments Association

JULY 11, 2025

Market dynamics signal a fundamental shift Five transformative technologies are redefining POS capabilities: SoftPOS, Cloud-based systems, Mobile solutions, Self-service kiosks, and Biometric authentication. Biometric authentication remains nascent but shows promise for premium applications.

Point-of-Sale (POS)

Finextra

JULY 24, 2025

For maximum security, experts recommend combining biometrics with two-factor authentication or complex passwords. Mobile biometric authentication is helping to verify new and returning customers at the point of log-ins, payments and digital on-boarding. Please read our Privacy Policy.

Payment APIs and Integration

The Payments Association

AUGUST 8, 2025

By 2030, this trend will evolve further with biometric authentication, AI-driven payment routing, and context-aware commerce, enabling payments that feel almost invisible. However, convergence brings challenges, from trust in government-backed CBDCs and concerns over privacy, to heightened cybersecurity risks.

Cross-Border