The Fintech Times

MAY 16, 2024

Firms continuing to use dated means of verification and user authentication could pay if they do not make changes. Criminals circumventing KYC checks expose banks to a range of liabilities: identification theft, fraud, and money laundering are just some that could be on the cards.

Deepfake

FICO

DECEMBER 18, 2017

2FA won’t solve all of our security problems, but it’s a relatively inexpensive solution that takes a big bite out of issues related to user authentication. And users don’t yet seem too annoyed by the extra step. But at one time it was considered difficult to counterfeit a magnetically encoded check or credit card.

Cybersecurity

FICO

JANUARY 27, 2020

If you want to learn more about how to protect your kids, watch my talk here and don’t forget to check out these other tips from Alexandria White at CNBC Select on protecting yourself from fraud. Self-advocacy in a world of fraud is critical, and for busineses – a part of protection is teaching your customers how to advocate for themselves.

Financial Crimes

PYMNTS

SEPTEMBER 4, 2018

Meanwhile, DadeSystems tackled user authentication with single sign-on (SSO) technology that allows their clients’ staff to use their existing credentials to log into the company’s mobile app. At the same time, beneficiary choice might be between a check and an automated clearing house (ACH) transfer. DadeSystems.

User Authentication

Fi911

SEPTEMBER 27, 2023

Instant Checks, Lower Fraud Liveness detection offers quick yet rigorous verification in time-sensitive banking operations like online transfers. This first step does more than just basic checks. Step 2 | Document Authentication The next step in the validation process involves a rigorous analysis of identification documents.

Security

PYMNTS

APRIL 24, 2018

Through WebAuthn, the announcement from last week stated, a standard web API can be incorporated into browsers and other platform infrastructure, with the end result that users can authenticate themselves across websites and the hardware they use to navigate those sites — from mobile devices to laptops.

Authentication

Payment Savvy

MAY 12, 2023

Payment automation can reduce the cost of paper checks, postage, and other expenses associated with manual payment processing. Payment automation can provide increased security measures, such as data encryption and user authentication, which can help prevent fraud and unauthorized access to financial data. Cost savings.

Automation

Nanonets

AUGUST 27, 2024

Security and Compliance When dealing with sensitive or confidential information, it's essential to ensure that the LLM API you choose adheres to strict security standards and regulatory requirements, such as data encryption, user authentication, and access control. Pro 5/5 8/8 2/40 Claude 3.5

API

Fintech Labs Insights

SEPTEMBER 15, 2015

Intuit’s Financial Data Services (CAD) provides access to user-authenticated financial data through: Transactions API: Provides financial account information from 20,000 financial institutions. Check out more of today’s FinDEVr Previews: Kabbage. Mifos Initiative.

User Authentication

Core

SEPTEMBER 15, 2023

Citizens now have the flexibility to pay parking tickets using cash, check, or card without any additional fees. Kiosks address these issues to: Allow citizens to check availability and book facilities on-site, reducing overbooking. On average, each transaction takes less than one minute to complete.

Government

PYMNTS

DECEMBER 13, 2017

Identity verification and user authentication are hot spaces right now, and only getting hotter as merchants, financial institutions (FIs) and consumers demand more foolproof protection against fraudsters. It’s a philosophical question with a million different answers depending on who’s asking.

Verification

M2P Fintech

MARCH 28, 2024

It leverages Aadhaar, a unique identification number, as the sole credential for user authentication and verification. eCheck eChecks are digital versions of physical checks, offering a secure and convenient method of payment initiated online through the user’s bank account.

FinTech

Fi911

OCTOBER 11, 2023

By evaluating these natural characteristics, passive models offer a discreet yet vigilant checking method. They ensure the face is genuine without requiring direct user participation. Prompt & Reaction In active checks, users might be prompted to execute certain actions like blinking or nodding.

Deepfake

PYMNTS

NOVEMBER 6, 2019

This, however, means Affirm is responsible for any fraudulent transactions, making proper user authentication a top priority. The verification process relies on five distinct pieces of information pulled from major credit bureaus and credit checks the company runs on each customer. Verification Relies on Existing Information .

Verification

Fintech Labs Insights

JUNE 12, 2015

To view their card information within the Stratos app, users authenticate via a passcode or Touch ID. To secure the physical card, users set parameters to disable the card if it’s stolen or lost. Also in the works is NFC payment capability and fingerprint authentication directly on the card. What’s next.

Push-to-Card

Nanonets

NOVEMBER 15, 2023

Your team won't be staring at Excel sheets, manually cross-checking numbers. They'd have to keep track of these payments, cross-checking against bank statements and resolving discrepancies when they arise. This means no more manual recording and no more cross-checking against bank statements.

Accounts

Nanonets

FEBRUARY 1, 2024

Instead of manually handling invoices, checking them, and making payments, AP automation uses software to do these tasks more quickly, accurately, and with less human effort. Verification : Time-consuming process of cross-checking invoices against POs and delivery notes, often leading to delayed payments.

Automation

Nanonets

FEBRUARY 28, 2024

These foundational documents could be invoices or cancelled checks, serving as evidence of the transactions recorded. User Interface : Ease of use and intuitive navigation. User Authentication : Secure login processes. Custom Reporting : Tools to create and customize financial reports.

Automation

Fintech News

JANUARY 27, 2025

However, eKYC differs from traditional KYC in that rather than relying on in-person verification or physical documents, eKYC uses digital technologies and data sources to authenticate customer identities remotely.

Money Laundering

EBizCharge

MAY 12, 2025

These standards include: Payment Card Industry Data Security Standards (PCI DSS): PCI Standards set foundational requirements for handling cardholder data, including encryption, secure networks, and security checks.

Process