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Sionic Announces Fraud Protection Service Using Google Cloud AI Technology

Fintech Finance

The Sionic Fraud Protection Service (FPS) is the final component required for true Pay-by-Bank transactions at the point of sale, alongside verified buyer and seller credentials, a consistent customer experience and automated dispute resolution instantly between payers and payees.

AI
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Mastercard Replaces OTPs with Biometrics for Secure Online Checkouts in APAC

Fintech News

The technology also tokenizes payment credentials and biometric data, ensuring that sensitive information is never shared with third parties. To use this service, consumers simply enroll their Mastercard once. During checkout, they select their card and confirm the payment using biometrics on their device.

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Mastercard Goes OTP-Free in APAC for Faster, Safer Online Transactions

Fintech Finance

To address this, Mastercard Payment Passkeys replace traditional passwords and OTPs with biometric authentication, making transactions faster and more secure by eliminating the risk of losing or inadvertently sharing credentials with scammers.

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3 Ways Merchants Can Ensure Online Payment Security

National Merchants Association

Sixty-five percent of consumers would end a relationship with a merchant after a single incident of payment fraud or data theft, so consider additional security solutions to safeguard your online business. Here are three ways to ensure online payment security. Adheres to Payment Card Industry (PCI) standards.

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The Perfect Secure Payments Storm

PYMNTS

In a recent digital discussion with Karen Webster, Michael Sass, VP Market Product Management, Security Solutions, Europe, Mastercard , and James Rendell, VP Product Management, Payment Security, CA Technologies , discussed the advantages as well as the obstacles that are still in the way. Take passwords, for instance.