Fintech Finance

MAY 22, 2024

MyTU implements advanced security through custom multifactor authentication, which integrates multiple ECDSA keys with IP and DNS data verification, and utilizes secure timestamps alongside bidirectional out-of-band communication, to ensure the highest standard of security and compliance.

API 59

API Payment APIs and Integration Process Multifactor Authentication 59

PYMNTS

APRIL 30, 2018

The deadlines for compliance with new European data regulations are right around the corner, and the impact of these changes won’t be limited to the European Union. PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication. SCA pulls in factors such as ownership (i.e.,

Multifactor Authentication 55

Multifactor Authentication Disputes Regulations Authentication 55

PYMNTS

FEBRUARY 18, 2020

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.

Authentication 52

Authentication Identity Theft Multifactor Authentication MFA 52

FICO

JANUARY 27, 2020

There is an estimaged 85% overlap in the technology used by fraud and financial crime compliance teams. Whether it’s fraud or money landering, the steps in identifiying these activities are the same: customer authentication, monitoring transactions and detecting suspicious behaviors or anomalies, and appropriately responding to these risks.

Financial Crimes 52

Financial Crimes Crime Identity Theft Multifactor Authentication 52

FICO

JANUARY 22, 2020

Banks were asked which identity and authentication strategies they used, with the majority saying they used multifactor authentication (84 percent). Banks will need to move beyond passwords and OTPs and add biometrics, device telemetry and customer behavior analytics to keep up with the changing payments landscape.

Real Time Payments 52

Real Time Payments APACS Multifactor Authentication Account Takeovers 52

The Fintech Times

MARCH 6, 2024

Regulations, particularly those related to tokenisation, data localisation, strong customer authentication, and the EU, continue to be areas of our focus. Last, but not least, is a focus on compliance and risk management. We are equally dedicated to compliance and risk management this year.

Digital Payments 64

Digital Payments Innovation Security Issuers 64

Fintech Review

MAY 2, 2025

The platform uses encryption, multifactor authentication, and real-time alerts to protect users. Expanding abroad would require localisation, compliance, and brand-building in competitive markets. In response, it has improved user controls and made privacy options clearer. Still, education remains important.

Venmo 59

Venmo FinTech Multifactor Authentication Debit Card 59

FICO

NOVEMBER 7, 2022

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.

Scams 52

Scams Authorization P2P Consumer Financial Protection Bureau (CFPB) 52

Stax

FEBRUARY 28, 2024

For best practices, integrate it with your other systems, offer flexible plans for optimized cash flow, and ensure data security compliance to industry standards. To add an extra layer of security, implement strong password policies and multifactor authentication for user access. Data security and privacy.

Payment APIs and Integration 88

Payment APIs and Integration Automation PCI DSS Best Practices 88

Nanonets

SEPTEMBER 12, 2023

By automating routine tasks and approvals, businesses can enhance efficiency, reduce processing times, and ensure compliance with standard procedures. Users can create up to 50 different parsers, enable multifactor authentication, and enjoy priority support and parsing access.

Automation 52

Automation Payment APIs and Integration Process Multifactor Authentication 52

The Payments Association

FEBRUARY 17, 2025

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.

Phishing 88

Phishing Multifactor Authentication Authentication Credential 88

The Payments Association

JANUARY 14, 2025

The introduction of strong customer authentication (SCA) was intended to enhance safety by requiring multifactor authentication for transactions. However, it has also sparked concerns about increasing friction, which can deter user adoption. Read More

Fraud Prevention 88

Fraud Prevention Financial Crimes Crime Participant 88