Payments Dive
JULY 15, 2025
The banks also argue that the rule does not adequately specify liability protections for data fraud when they share information with third parties, nor does it allow, they contend, for appropriate compensation to banks for data security and other investments they’ve made.
PYMNTS
OCTOBER 19, 2020
It is no wonder that payment apps like CashApp , Venmo and Zelle are used by more than 70 percent of Americans. Fraudsters send out mass emails and trick users into surrendering their app login details, which they then use to take over accounts and either send money to their own bank accounts or steal personal data.
FICO
DECEMBER 5, 2022
Optimizing how quickly a consumer can initiate a session and complete a transaction can be at odds with performing effective user authentication and data security, so customer preferences immediately put FIs in a delicate position to balance ease against safety.
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