PYMNTS

NOVEMBER 27, 2020

Overtaxing the royal attention span — that of the consumer — is a mistake, so multifactor authentication (MFA) processes are morphing in various ways to reduce onboarding frictions while maintaining rigorous multifactor authentication (MFA) and other fraud-fighting tools. Taking Authentication To The Streets. Phone Call For You.

Multifactor Authentication

PYMNTS

FEBRUARY 13, 2020

So before we add another layer of authentication , we should ask, is this actually going to serve a purpose or solve our problem?”. What is necessary, said Xie, is a different, more holistic paradigm for fighting fraud – with a broad goal of not adding more authentication steps, but fewer. The Zero-Authentication Future.

Authentication

FICO

MAY 8, 2020

Security and Authentication in a Digital World. Any new authentication methods as a minimum, must offer a suitable level of security and be acceptable to those that use them. However, while they are still a valuable form of authentication, they do have weaknesses and criminals have can intercept texts with SIM swap frauds.

Authentication

Fintech News

NOVEMBER 5, 2024

This service allows consumers to authenticate online payments using biometrics like fingerprints or facial scans, similar to unlocking a smartphone. The Mastercard Payment Passkey Service combines tokenisation, Click to Pay, and biometric authentication to offer a seamless and secure checkout experience.

APACS

Fintech Finance

NOVEMBER 6, 2024

As payments become more intricate, Mastercard today announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints, the same way consumers unlock their phones every day.

Visa

PYMNTS

NOVEMBER 17, 2020

This indicates that although consumers by and large appreciate and enjoy the ease and convenience of being able to bank from their mobile devices wherever they please, there are still many improvements that banks, credit unions (CUs) and other financial institutions (FIs) must make before mobile banking apps become more ubiquitous.

Mobile Banking

PYMNTS

NOVEMBER 13, 2020

Digital identity solutions have become increasingly widespread in recent years as alternatives or supplements to old-fashioned authentication methods like passwords. Multifactor authentication (MFA) and biometric scans are quickly becoming the norm in numerous fields, including online accounts for banks and other businesses.

Multifactor Authentication

PYMNTS

AUGUST 7, 2019

At this point in 2019, we’ve all dealt with some flavor of two-factor authentication that uses SMS one-time passcodes. It is perhaps easy to beat up on SMS-based authentication for how relatively easy it is to overcome — but it is perhaps a bit unreasonable to expect it to act as an authentication method.

Authentication

PYMNTS

OCTOBER 12, 2020

Getting Authentication Right. Getting authentication right is therefore critical for merchants as they compete for customers with changing views regarding onboarding and their relationships with businesses.”. A Ubiquitous Digital Identity.

Verification

PYMNTS

AUGUST 14, 2019

You may have felt it earlier today – a sigh of relief originating from certain parts of the digital payments and commerce industry, a reaction to the news that the Financial Conduct Authority (FCA) has agreed to a phased implementation of the strong customer authentication (SCA) rules. SCA, slated to begin on Sept. he asked. “If

Authentication

PYMNTS

NOVEMBER 17, 2020

Consumers’ ownership of smartphones has become all but ubiquitous in the U.S. Bank accounts, credit cards, social media and more are linked to cellphone numbers, meaning cybercriminals can easily complete two-factor authentication (2FA) checks and seize control of victims’ funds and personal data.

Multifactor Authentication

PYMNTS

JANUARY 27, 2021

The banking industry faces many day-to-day business challenges, including competition with digitally native FinTechs and the ubiquitous social distancing restrictions brought on by the pandemic. How Authentication Prevents Fraud.

Innovation

FICO

DECEMBER 18, 2017

Two-Factor Authentication Will Become Nearly Ubiquitous. Although the word “ubiquity” may have gone out of fashion (along with a lot of other buzzwords from the dot-com era), it’s an accurate description of how two-factor authentication will really take off in 2018. And users don’t yet seem too annoyed by the extra step.

Cybersecurity

Open Banking Excellence

NOVEMBER 7, 2023

Sweden is reaping the economic and social benefits of a ubiquitous digital identity scheme, which is both secure and user-friendly, providing the UK with an exciting example of what could be achieved by leveraging digital identity.

Due Diligence

The Fintech Times

DECEMBER 21, 2023

Today we hear insights from payments experts, including the adoption of tap-to-pay technology, the role of blockchain and AI in payments, flexible payment terms, security in authentication methods, PSD3 implementation, vertical-specific solutions, and the rise of digital wallets.

Cross-Border Payments

PYMNTS

OCTOBER 9, 2020

There is one particular piece of personal information that is widely used across these and other fraud schemes that needs to be robustly protected to keep fraudsters out, however: the seemingly innocuous — but often ubiquitous — email address. The Future of Email Verification.

Verification

PYMNTS

SEPTEMBER 28, 2016

The information stored inside your phone could soon be used to authenticate you to banks, credit card companies and other financial service providers. PYMNTS recently caught up with Velez, who discussed using smartphones and mobile devices to authenticate users and how he and his team work to protect their customers from bad actors.

Security

PYMNTS

NOVEMBER 9, 2016

It’s ubiquitous. Specification, a messaging protocol that allows consumers to be authenticated to card issuers during card-not-present transactions. That authentication can also extend to activities that are decidedly non-payment in nature, such as when an individual adds a payment card to his or her digital wallet.

Security

PYMNTS

OCTOBER 21, 2016

Ingo Money exists to make digital push payments just as ubiquitous and a whole lot less friction-filled for consumers and businesses. We have a long history of digital check processing and pushing funds to any card, and making sure that we can authenticate and know exactly who it is that we are cashing the check for and giving money to.

Push-to-Card

PYMNTS

AUGUST 8, 2019

And that fact — shared by Cognito CEO Alain Meier during a recent PYMNTS interview centered around changes in digital ID – serves to show the weakness of knowledge-based authentication. “We Meier said there is serious pressure to move further away from knowledge-based authentication methods and even Social Security numbers.

Security

The Fintech Times

JUNE 13, 2024

Mastercard is bringing together key solutions to reduce threats and make online commerce not only ubiquitous: 1. Payment passkeys are leveraging online mobile device-based biometric authentication to eliminate passwords and one-time codes.

Visa

PYMNTS

FEBRUARY 22, 2019

That’s especially true along the traditional and current methods of authentication , he said. But, said the executive, the creation of a “trust anchor” can be accomplished by establishing the authenticity of a government-issued identity document. Compliance impacts friction — likely increasing it. Forget What You Know — Literally.

Credential

PYMNTS

JULY 10, 2019

Their presence is felt in every corner of digital life: utilizing these providers to log in to third-party websites has become ubiquitous, along with the ability to pay for goods and services via the developers’ proprietary payment methods.

Online and Mobile Banking

Fintech News

JANUARY 18, 2024

The bank’s free messaging app, Kakao Talk, is used by nearly 90 percent of South Korea’s population, making it a ubiquitous platform. ANEXT Bank also emphasises security, incorporating features like three-factor authentication and facial recognition to ensure safe transactions.

APACS

FICO

MARCH 18, 2020

Intelligent Orchestration of Multi-Factor Authentication. Biometric checks can certainly be robust, but no method of authentication is completely infallible — especially when you’re faced with adaptable and clever criminals. A robust identity authentication system needs the layered controls provided by multi-factor authentication.

Authentication

FICO

JULY 23, 2018

In line with other fraud reporting, PSPs will have to report this in two categories: when strong customer authentication has been used and when it hasn’t. By definition, strong customer authentication will not make any difference to a fraud where the accountholder has been manipulated into providing that authentication.

Authentication

Stax

JULY 11, 2024

As mentioned above, Apple Pay also supports online and in-app purchases, providing a seamless and secure payment experience by utilizing Face ID, Touch ID, or a passcode for authentication. Let your customers know Apple Pay is pretty ubiquitous these days, so you likely won’t encounter many people unfamiliar with it.

Credit Cards

PYMNTS

JANUARY 21, 2019

where almost everyone is now banked) and made the case for why the Fed was positioned as the best player to operate a ubiquitous, interoperable real-time payments network – even though the Fed doesn’t have a great track record at payments innovation ( #killthecheck ). Here’s where the canary flew in. are moving faster than they ever have.

Faster Payments

CB Insights

SEPTEMBER 24, 2018

Unless you live someplace with no local/regional Mexican restaurants at all, pretty much everyone in the country could name a great local Mexican restaurant in their town or neighborhood run by Mexican immigrants or inspired, authentic restaurateurs. . The limited cities and towns are just not big enough.

Research

PYMNTS

DECEMBER 4, 2019

The lack of clarity around certain details, like the exact criteria for secure authentication, what counts as adequate proof of possession or adequate inheritance, and whether a knowledge factor will be leveraged. Two-factor SMS authentication , Neal noted, offers a microcosm into how the details of the debate can get a bit lost and shuffled.

Authentication

PYMNTS

OCTOBER 28, 2016

To ward off hackers and fraudsters, some firms launched — or plan to launch — biometric authentication and verification initiatives that mobile device users can use to safeguard their information during the checkout phase. Some of the technologies include retinal scanning and selfie payment systems.

Credit Cards

PYMNTS

SEPTEMBER 4, 2019

Those concerns come against a backdrop, Singh said, where payments done across mobile devices and other tech-driven means have become ubiquitous, and consumers also want those payments to happen with speed and ease. Financial institutions, she said, had been focused on fighting fraud at the expense of ease of use.

Online and Mobile Banking

PYMNTS

MAY 24, 2018

That consumer could make secure transactions or add items to a daily calendar or perform any of the other tasks possible in a world where voice recognition has become ubiquitous. biometric technology that, in this latest version, includes new embedded voice authentication features and accuracy improvements. We are not there yet.

Authentication

PYMNTS

DECEMBER 12, 2018

Banks and credit unions are still wrestling with the best ways to deploy mobile technology, and do so in ways that balance security, and safe authentication, and consumer convenience. As that mobile technology get closer to mainstream introduction, the potential 5G ecosystem for FinTech and mobile banking is gaining clarity.

FinTech

PYMNTS

AUGUST 3, 2016

Visa announced today that it has expanded the reach of its Visa Direct platform to include more financial institutions, developers and partners – all in an effort to provide them with access to its real-time rails so that they can, in turn, offer real-time and ubiquitous P2P payments and funds disbursements to their customers.

P2P

PYMNTS

JUNE 4, 2019

If anything has become clear within the last few years, it’s that electronic ID verification — using digital methods and data to confirm and authenticate identities — is increasingly taking on crucial importance. However, if data is vital to the digital economy, so is identity (ID) verification. possess phone numbers.

Verification

PYMNTS

JUNE 1, 2020

It’s unquestionably a turning point for this ubiquitous technology, and for its uses going forward. With a nod to post-pandemic fears about touching things in general, new ATMs and newer ITMs are using biometrics to get around those tactile terrors.

Credit Union