Remove Compliance Remove MFA Remove Multifactor Authentication
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Credit Card Processing for Small Business: Everything You Need to Know

Stax

However, other industry best practices apart from PCI compliance are also expected from a quality payment processor and they include: Multifactor authentication: MFA practices help to prevent unauthorized access to sensitive information by adding an extra layer of identity confirmation before the user is allowed to view the relevant data.

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FinCEN Files Show Banks’ ‘Whack-a-Mole’ Battle Against KYC/AML

PYMNTS

billion transactions for potential suspicious activity and screened more than 157 million transactions for compliance with applicable sanctions requirements. As Standard Chartered noted to BuzzFeed in the wake of the FinCEN files report: "In 2019 we monitored more than 1.2

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New York Bolsters Cybersecurity Requirements

Global Fintech & Digital Assets

Certification A covered entity’s CISO and highest-ranking executive must annually file a notice of compliance with the DFS. Covered entities must also retain for five years all documentation supporting a certification of compliance or acknowledgement of non-compliance and remedial efforts.

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Deep Dive: Orchestrating Complex Authentication And Fraud Decisioning

PYMNTS

FIs and PSPs in Europe are particularly interested in robust fraud-busting technologies for SCA compliance, which is mandated under PSD2. Requiring multifactor authentication (MFA) could add frictions to companies’ payment systems and customer experiences, but such tools are necessary to enable smart authentication and compliance decisions.

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Fighting Scams and Authorized Push Payment Fraud in the US

FICO

Enable multifactor authentication (MFA), avoiding text or email for one-time passcode sharing whenever possible. Never fall for an appeal for urgency or scarcity in an email, text or phone call. Never share personal information via phone, text, instant messenger or any other unsecure way.

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Adversary-in-the-middle fraud: A growing concern for payments providers in 2025

The Payments Association

When the victim enters their credentials, the attacker captures these details and may steal session cookies to bypass multifactor authentication (MFA). Using stolen session cookies, the attacker can authenticate themselves into the victim’s account, gaining unauthorised access to emails or other resources.