Fintech Finance

DECEMBER 6, 2024

Using device-based biometrics, such as fingerprints or facial scans, payment passkeys replace other authentication methods like one-time passwords (OTPs) to make online transactions not only faster and more convenient, but also more secure against fraud and scams. Upon successful authentication, the transaction is completed.

Visa

The Payments Association

MAY 12, 2025

Card payments still play a key role, and remain vital for many users and use cases, but theyre not always optimised for high-frequency, high-risk flows. These flows are authenticated directly with the bank, which builds trust while cutting out intermediaries. At the same time, IPR brings the infrastructure up to speed, literally.

Regulations

The Payments Association

DECEMBER 9, 2024

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. Data leakage, model biases, and a lack of transparency in AI decision-making are just a few of the potential privacy risks that must be considered. What is this article about?

Privacy

Fintech Finance

NOVEMBER 13, 2024

Where passwords or one-time codes are obsolete, and secure on-device biometrics allow seamless authentication across devices and websites, ensuring personal data stays on the device. Additionally, the risk of fraud is minimized. Imagine a future where no physical card numbers are needed for purchases.

Visa

Fintech Finance

MARCH 11, 2025

Tokenization, which replaces sensitive payment card data with a secure token, is emerging as a crucial technology that reduces risk exposure for merchants by ensuring the travel company never needs to store the traveler’s sensitive payment details.

Payment Security

Fintech News

JULY 15, 2025

Over the past year, banks have phased out SMS one-time passwords (OTPs) for digital logins and card transactions, reducing the risk of account takeovers. MAS is also working with banks to strengthen user authentication for higher-risk online transactions. Several changes have already been rolled out.

Scams

VISTA InfoSec

MARCH 13, 2025

However, with this widespread adoption comes an equally significant risk which is the growing threat of data breaches and payment fraud. These updates include increased flexibility for businesses and stronger authentication requirements, ensuring better protection in todays dynamic digital landscape. The latest version PCI DSS v.4.0

PCI DSS

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. For payment processors and financial institutions, however, understanding BINs is essential for smooth transaction processing, security, and even risk management.

Process

The Payments Association

MARCH 17, 2025

Defining “acceptable risk” in UK payments regulation 13 March 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? How the FCA can define and balance acceptable risk in UK payments regulation to support innovation while ensuring financial stability and consumer protection. What’s next?

Regulations

The Payments Association

JULY 7, 2025

Those who fail to serve both risk regulatory censure and commercial irrelevance. Product portfolios must reflect consumer trust and risk perception The report confirms that security is the primary factor influencing how people choose to pay for high-value items, particularly among women and older consumers.

Acquirers

Fintech News

OCTOBER 27, 2024

A 12-hour cooling-off period is required for the activation of digital security tokens and new device logins to e-wallets, reducing the risk of unauthorized access. This inclusion acknowledges the increased risk of significant losses from e-wallets and mandates robust consumer protection controls.

Phishing

Fintech News

MAY 8, 2025

These advanced impersonations, which use convincing AI-generated audio and video, trick users into revealing multi-factor authentication (MFA) codes or approving unauthorized authentication requests. India is experiencing a rise in deepfake identity fraud, with cases surging by 550% since 2019. billion) in 2024 alone.

Data Breach

Fintech Finance

JANUARY 22, 2025

The use of multifactor authentication via the app also reduces the risk of fraud. A simpler payment experience also means fewer abandoned baskets; the high penetration of Swish in Sweden means it is likely to reduce cart abandonment by up to 69%.

Multifactor Authentication

Fintech News

JULY 2, 2025

This surge brings with it opportunity and the heightened risk of fraud. By evaluating the authenticity and richness of these digital signals, organisations can build a more nuanced risk profile for each user before onboarding even begins.

Fraud Prevention

The Fintech Times

JULY 11, 2025

G-Knot is preparing to launch a flagship crypto wallet that uses finger vein biometrics for authentication, a move the company says could eliminate the need for recovery phrases and private keys. The post G-Knot Prepares Launch of Biometric Crypto Wallet Backed by Finger Vein Authentication appeared first on The Fintech Times.

Authentication

The Fintech Times

FEBRUARY 27, 2025

The new PagBrasil feature was launched in response to the Central Bank of Brazil’s decision to launch Pix with Embedded Authentication, i.e. a no-redirect journey for Pix payments. When the payment process is too time-consuming – there is a risk that the customer may abandon the purchase. Its simple and secure.

Authentication

Fintech Finance

JUNE 12, 2025

New research by YouGov commissioned by Checkout.com , a leading global digital payments platform, has found that merchants and financial institutions not offering ID verification and biometric payment authorisation are at risk of losing customer trust.

Research

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

Fintech Review

APRIL 20, 2025

However, as services become more digitised, the risks multiply. In the financial sector, it includes fraud detection, threat intelligence, data encryption, biometric verification, and risk monitoring. The risks range from phishing and account takeovers to ransomware and insider threats. It also enables faster, safer innovation.

Finance

The Payments Association

APRIL 30, 2025

With Tinks secure open banking technology, Paysend customers in selected regions can now authenticate and fund transfers directly through their bank, eliminating the need to manually enter details and bypassing multiple security steps. The result is a smooth, fast and secure payment experience.

Funds Transfer

Stax

MARCH 18, 2025

A good system plays a vital role in managing cash flow, alleviating fraud risk, and enhancing customer satisfaction. The issuing bank approves or declines the transaction – If the payment details are correct, the customer has sufficient funds in their account, and theres no fraud risk, the issuing bank approves the transaction.

Process

The Payments Association

OCTOBER 28, 2024

Payment leaders must focus on fraud prevention, collaboration with tech and telecom sectors, and public education to mitigate future risks. In the world of digital payments, fraud is an ever-present threat that continues to evolve, creating serious risks for both businesses and consumers.

Scams

Fintech Finance

APRIL 10, 2025

With Tink’s secure Open Banking technology, Paysend customers in selected regions can now authenticate and fund transfers directly through their bank without manually entering details or facing multiple security steps. The result is a smooth, fast and secure payment experience.

Funds Transfer

Clearly Payments

JULY 23, 2025

is rolling out, with new requirements around authentication, encryption, and risk monitoring. Non-compliance can result in fines ranging from $5,000 to $100,000 per month, depending on your provider and risk level. Keeping things simple and upfront can dramatically reduce risk. They’re also a key compliance area.

Compliance

Finextra

JULY 1, 2025

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.

Account Takeovers

Fintech News

JUNE 5, 2025

MASs Regulatory Calculus MASs decision to act decisively now is grounded in its growing concern over the money laundering and terrorism financing risks posed by such operations, especially so given their cross-border and internet-based natures. Here are the most important shifts digital token businesses need to understand now.

Money Laundering

The Payments Association

JUNE 3, 2025

Moreover, network tokenisation reduces the regulatory burden by eliminating the need to store sensitive card data, supporting the Payment Card Industry Data Security Standard (PCI DSS) compliance and lowering the risk of data breaches. This enables rapid scaling of new payment use cases, without duplicating risk exposure.

Security

Stax

JANUARY 23, 2025

The merchant underwriting process is a critical step that payment processors and financial institutions use to assess the risk associated with onboarding new businesses. Key steps include application review, risk assessment, credit checks, and compliance verification. Learn More What is Merchant Account Underwriting?

Underwriting

Fintech Finance

JANUARY 2, 2025

” The report highlights essential fraud mitigation strategies such as enhanced authentication, transaction monitoring, and confirmation of payee practices, as well as the importance of information sharing and consumer protection. payments industry on its faster payments journey.” faster payments infrastructure.

Faster Payments

Fintech Finance

MARCH 10, 2025

Upon tapping, a unique one-time code validated by Visa’s Chip Authenticate service, ensuring secure provisioning of card credentials and offering a significantly faster and more secure alternative to traditional methods.

Digital Payments

Innovative Payments Association

JANUARY 13, 2025

It’s crucial for seniors, their families, and caregivers to understand the risks and learn how to safeguard against them. Use Strong Passwords: Secure online accounts with unique, complex passwords and enable multi-factor authentication whenever possible. Understanding these tools reduces the risk of falling for scams.

Scams

Stax

NOVEMBER 14, 2024

Here are the inside details about what defines a payment solutions provider, how processing works, the credit card processing fees , risks, and more. There are also risk holds—a routine procedure that most companies experience within the first few weeks of processing with a new merchant services account. Read on for more specifics.

Credit Cards

Finextra

JULY 7, 2025

For example, among banks that have implemented GenAI, 88% have seen improvements in risk management and compliance, and 85% report time/cost savings. Indeed, 64% of finance leaders report using AI for fraud detection and risk management in their institutions. These are significant positive outcomes.

AI

Finextra

JULY 10, 2025

In high-risk sectors like online gaming, approval rates are often lower, typically 50–60%, due to stringent fraud controls and higher chargeback risks. Authentication Problems Security protocols such as 3D Secure require customers to complete additional verification steps during checkout. Use 3D Secure 2.0

Transactions

Fi911

JUNE 9, 2025

Technical Defense Strategies Email authentication forms the foundation of BEC defense. Multi-factor authentication protects against credential compromise but must extend beyond employee accounts. Third-Party & Supply Chain Risk Management Vendors represent the weakest link in many BEC attacks.

Email Compromise

Stax

JANUARY 21, 2025

Consider support for high-risk industries if applicable. A payment gateway is a tool that allows merchants to authenticate and receive payments from their customers electronically. Also, some businesses in industries like cryptocurrency, gaming, gambling, and travel are considered high risk. This is known as the settlement time.

Payment Gateways

Fi911

FEBRUARY 26, 2025

Level 1 Criteria : More than 6 million card transactions annually or identified as a high-risk entity. Identify and Authenticate Access to System Components: Use multi-factor authentication (MFA) to strengthen access controls. Understanding your compliance level is the first step to meeting the required security standards.

PCI DSS