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Eastnets Launches Managed SWIFT Service on AWS Cloud

Fintech Finance

Eastnets , a global leader in compliance and payments solutions, has launched its Managed SWIFT Service on AWS Cloud. Managing SWIFT connectivity internally often requires significant resources, infrastructure investments, and dedicated expertise.

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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 additional friction is necessary to protect customers against large unauthorised transactions.

Phishing 135
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How PCI DSS Compliance Protects Australian Businesses from Data Breaches?

VISTA InfoSec

These updates include increased flexibility for businesses and stronger authentication requirements, ensuring better protection in todays dynamic digital landscape. Access control and authentication PCI DSS enforces stringent access control measures, ensuring that only authorized personnel can access sensitive payment card data.

PCI DSS 165
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Navigating the shift: How banks and PSP’s can thrive with PSD3 and PSR in the EU & UK

The Payments Association

It emphasises strong customer authentication and transaction transparency. The revised regulations on strong customer authentication and liability rules are significant. Authentication: There will be stricter protocols to verify the identity of users during transactions. What are PSD3 and PSR?

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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

Enhanced fraud detection extends to biometric authentication, a key element of payment security. This adaptability strengthens biometric authentication, adding protection for consumers and businesses. AI generates ‘fake’ data that mirrors potential fraud, training systems to recognize and counteract these evolving attacks.

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2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

Biometric Payments Overview : Biometric payments use physical traits, such as fingerprint or facial recognition, for authentication. Consumer Confidence : 60% of consumers are comfortable using biometrics for payments due to increased security, with 2 in 3 smartphone users enabling biometric authentication.

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How to Increase Transaction Success Rates for Online Merchants

Finextra

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. Use 3D Secure 2.0