PYMNTS
JANUARY 24, 2020
Anti-fraud efforts can seem like word salad with exotic ingredients being tossed around: strong consumer authentication ( SCA ), two-factor authentication (2FA), the second Payment Services Directive (PSD2) … you get the idea. Ask consumers what they want, however, and the acronyms vanish like a metaphor for things that vanish.
PYMNTS
JUNE 26, 2020
Digital banking has become the new normal as social distancing guidelines and stay-at-home orders have drastically curbed financial institutions’ (FIs’) abilities to conduct in-branch services. Online account openings increased by more than 200 percent in April, while all mobile banking traffic rose by 85 percent.
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PYMNTS
MARCH 7, 2018
Oltio has patents for several mobile payments and banking solutions, including an authentication technology that lets consumers authenticate Masterpass digital wallet purchases in South Africa with a bank PIN and mobile phone.
PYMNTS
JANUARY 6, 2020
An interesting feature of the Turkish banking system is that while it implemented PSD1 and PSD2, it was not compelled to enact strong consumer authentication (SCA). And there are other barriers, too. At this point, the system still has not, as Turkey’s EU outsider status allows them to sidestep SCA for now.
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