The Fintech Times

JULY 10, 2025

We’re also working with banks and issuers to embed this tech directly into mobile banking apps. No one-time passwords, no saved credentials, no account takeover: just a secure, positive action that proves it’s really you. We’re working on changing that.

Online and Mobile Banking 59

Online and Mobile Banking CHIPS Laws Account Takeovers 59

PYMNTS

MAY 10, 2017

These two offers — a tokenized network card provisioning and card-on-file APIs — will soon allow Visa issuers to power a customizable suite of digital account control services within their native mobile banking apps. They include: Who they pay. Where they pay. How they can pay.

Push-to-Card 73

Push-to-Card Credential Issuers Payment APIs and Integration 73

PYMNTS

MARCH 10, 2020

A recent study found 32 percent of security incidents in 2019 involved phishing and 29 percent involved stolen credentials, both of which would have been much more difficult had secure digital ID systems been in place. Businesses and organizations are already taking steps to close this security gap.

Contactless Payments 109

Contactless Payments Authentication Law Enforcement Cross-Border 109

PYMNTS

JULY 13, 2020

Bad actors attempting ATOs seek to gain control of victims’ bank accounts without alerting FIs, and they therefore aim to obtain the login credentials necessary to smoothly move through FIs’ authentication measures. Customers using mobile banking apps might scan their fingerprints to confirm their identities, for example.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

FICO

NOVEMBER 9, 2016

When I read about people infecting their Android phones with Gugi ––a Trojan malware that steals user credentials when consumers log into mobile banking apps––by clicking on a link in a random text message, it’s clear to me that mobile phone users are in need of some security hygiene lessons.

Online and Mobile Banking 84

Online and Mobile Banking Wire Transfer Mobile Banking Wire 84

PYMNTS

MAY 27, 2020

Fraudsters equipped with such information could then easily access victims’ online accounts using legitimate credentials and take control of the customers’ funds. The May FI Fraud Decisioning Playbook examines the issue of omnichannel fraud and the strategies that banks and CUs are using to detect and thwart it.

Scams 98

Scams Account Takeovers Online and Mobile Banking Credit Union 98

The Payments Association

MAY 12, 2025

If your bank still measures success in the issue of plastic cards, how will you stay relevant when the next billion cards are nothing more than a token in a wallet? Reset of the digital expectations One third of UK adults (33%) now live largely cash-free, and six in ten manage money through a mobile banking app.

Debit Card 88

Debit Card Payment APIs and Integration Online and Mobile Banking Processors 88

Fintech News

APRIL 22, 2024

Phishing scams employ social engineering tactics to trick users into revealing login credentials, allowing attackers to hijack accounts. of all mobile threats detected included mobile banking Trojans, highlighting the prevalence of these targeted attacks. A 2023 report by Kaspersky found that 40.8%

Phishing 119

Phishing Security Blocks Cybersecurity 119

Fintech Finance

FEBRUARY 28, 2024

The program improves the digital account opening process by verifying account ownership, lowering account abandonment, reducing non-sufficient fund (NSF) returns, and minimizing manual entry of payment credentials. A study from Insider Intelligence found that Gen Z mobile banking adoption continues to rise sharply at 12.4%

Visa 59

Visa Accounts Online and Mobile Banking Issuers 59

PYMNTS

SEPTEMBER 21, 2018

The methods those bad actors use — and which have been documented in this space — include phishing attempts to gain access to individuals’ credentials. With those credentials in hand, the cybercriminal can access payroll accounts and subsequently change bank account information. Across The Pond.

Payroll 56

Payroll FBI ACH Same Day ACH 56

PYMNTS

JULY 21, 2020

Cybercrime is a constant concern for banks, credit unions and other financial institutions (FIs), with more than 25 percent of all malware attacks targeting the financial industry specifically. Developments Around The Financial Crimes Space. billion in 2019, a 15 percent increase over 2018.

Crime 66

Crime Financial Crimes FBI Cybersecurity 66

PYMNTS

DECEMBER 23, 2020

The suit also claims that when PNC users log into their accounts via Plaid apps, Plaid “deceptively and fraudulently collects, stores, aggregates, and monetizes consumers’ sensitive financial credentials and transactions in violation of consumers’ privacy, the Computer Fraud and Abuse Act, and other laws.”

Laws 102

Laws Legal Credential Disputes 102

Segpay

SEPTEMBER 24, 2024

The customer can select their preferred bank from that list. For authentication, customers are redirected to their familiar online banking portal or mobile banking app. After logging in, the customer authorizes the payment.

Accounts 105

Accounts Online and Mobile Banking Payments Authentication 105

The Fintech Times

MARCH 1, 2024

Mastercard’s new programme looks to improve the digital account opening process by verifying account ownership, lowering account abandonment, reducing non-sufficient fund (NSF) returns, and minimising manual entry of payment credentials. per cent year-on-rise, leading to predictions that it will rise from 20.7 million in 2020 to 47.8

Card Issuer 64

Card Issuer Issuers Visa Online and Mobile Banking 64

The Fintech Times

JULY 10, 2024

Shift to tokens Customers will now need to use their digital tokens, activated on their mobile devices, for logging into their bank accounts through a browser or mobile banking app. The post Singapore Banks to Phase Out OTPs to Combat Phishing Scams appeared first on The Fintech Times.

Phishing 59

Phishing Scams Authentication Financial Crimes 59

PYMNTS

DECEMBER 11, 2019

The partnership is designed to bridge the gap between the rapidly growing mobile money ecosystem in Africa and the world of online digital payments using Visa payment credentials. German mobile bank N26 announced today that it has expanded its Perk partnerships for debit cardholders in the U.S.

Central Bank 52

Central Bank Cross-Border Online and Mobile Banking Cross-Border Payments 52

Fintech Finance

MAY 16, 2024

The new products and services Visa has unveiled which will begin to roll out later this year, include: Visa Flexible Credential A Visa study found that more than half of card users want the power to access multiple accounts through a single credential.1

Product 52

Product Online and Mobile Banking Credential RTP 52

PYMNTS

OCTOBER 15, 2018

In 2017, 66,000 online banking malware attacks targeted small businesses , SCORE said, explaining that this type of malware, once unleashed on a computer, is able to obtain online banking login credentials and credit card information when a user logs into their account.

Ransomware 77

Ransomware Online and Mobile Banking Small Business Scams 77

PYMNTS

JULY 31, 2019

OCBC Bank’s digital customers have grown by 25 percent since 2018 and mobile banking usage may have tripled. The QR code reduces a typical ATM transaction from 80 seconds to under 45 seconds, and is also more secure than a PIN.

ATM 43

ATM Mobile Banking Credential Authentication 43

Fintech Finance

MAY 30, 2024

The Visa Pay platform brings together extensive payment capabilities and provides a range of services for banks to quickly deploy new innovative solutions including digital issuance, payment initiation, tap-to-pay, fraud and risk management, wallet platforms, and more.

Online and Mobile Banking 52

Online and Mobile Banking Product Credential Micro-Entry 52

PYMNTS

MARCH 3, 2017

In most cases, as a result of a successful phishing campaign, a criminal would receive enough payment card credentials to cash out immediately or sell the details to other criminals for a good price. PYMNTS: Can you discuss the biggest trends observed in financial phishing, banking malware and Android banking malware?

Phishing 66

Phishing Online and Mobile Banking Credential Security 66

FICO

SEPTEMBER 14, 2016

But it turns out mobile analytics offer all kinds of benefits. As mobile banking becomes popular, and even the default for some customers, the channel becomes ever more attractive to hackers and cyber threats.

Authentication 84

Authentication Blocks Non-Bank Chip Cards 84

PYMNTS

JUNE 10, 2019

The web, he asserted, exists as an application programming interface (API) that interfaces with a computer, allowing bank customers to transact with their banks — and the interface is open to everyone, provided they are properly authenticated. You have to have the right credentials,” Kirsch said. “A It’s … an [open] protocol.

API 72

API Credential Consumer Authentication 72

PYMNTS

MAY 9, 2017

The platform is designed to help retailers combat an uptick in online retail fraud, caused largely by ineffective or stolen password credentials. The company introduced biometric features to their app last year and credited those new features to winning the pair of awards.

Mobile Payments 55

Mobile Payments Online and Mobile Banking Authentication Payments 55

The Fintech Times

APRIL 23, 2024

As mobile banking apps continue to accrue a seemingly ever-growing user base, criminals may sense an opportunity to access people’s finances by exploiting weaknesses in some banks’ security, consumer champions Which? They were not able to test banks’ back-end security systems. TSB told Which?

Addressing 69

Addressing Online and Mobile Banking Security Best Practices 69

FICO

MAY 15, 2018

In the age of data breaches, self-broadcasting of personal information, and ever more-sophisticated fraudsters, here are four steps you can take to protect yourself: Be diligent and vigilant about who you’re giving your personal information and credentials to. If those details get compromised, you’re a potential victim for account takeover.

IRS 63

IRS Data Breach Identity Theft Breach 63

PYMNTS

OCTOBER 19, 2018

Card on File Payments: No mere token extended toward tokenization, as card giants Visa and Mastercard said this week that they are boosting efforts to tokenize credentials on file with merchants to improve security and eliminate checkout abandonment over lost, stolen or expired cards.

Mobile Banking 62

Mobile Banking On-Demand Visa Credential 62

PYMNTS

JANUARY 27, 2017

A consumer could be challenged for credentials at one business and, across transactions, might not have to be challenged at subsequent interactions with other firms, as they intrinsically trust the credentials already presented and “accept you and can personalize content knowing who you are.” That has been established by XAML.

Social Security 57

Social Security Online and Mobile Banking Credential Governance 57

FICO

NOVEMBER 8, 2016

When I read about people infecting their Android phones with Gugi ––a Trojan malware that steals user credentials when consumers log into mobile banking apps––by clicking on a link in a random text message, it’s clear to me that mobile phone users are in need of some security hygiene lessons.

Online and Mobile Banking 51

Online and Mobile Banking Wire Transfer Mobile Banking Wire 51

PYMNTS

OCTOBER 31, 2016

This is a natural lead into mobile … and most banks are focusing on digital.” And with the movement toward mobile banking, the process has to be frictionless, and in terms of verification, mobile network data, mobile numbers and other information get factored in.

Online and Mobile Banking 76

Online and Mobile Banking Verification Database Authentication 76

PYMNTS

OCTOBER 12, 2018

One of the reasons for this change in philosophy is the result of the rapid adoption of smartphones, mobile banking apps and other connected financial management tools. A massive amount of consumers around the globe rely on mobile devices to manage their money and interact with their FIs.

Security 76

Security Online and Mobile Banking Phishing Cybersecurity 76

PYMNTS

JUNE 28, 2016

1, Wells Fargo will be bringing its 17 million+ mobile banking customers real-time P2P payments, thanks to Early Warning’s clearXchange network. For those customers wanting to use the real-time P2P payments service, this can be done via Well’s Fargo’s mobile and tablet app. Starting Aug.

P2P 43

P2P Tax Refunds Credential Funds Availability 43

PYMNTS

JUNE 10, 2020

The need to stay at home and minimize person-to-person contact during the COVID-19 pandemic has pushed mobile banking use into overdrive. Customers are unable or unwilling to visit bank branches, instead using apps to conduct their financial activities and generating an 85 percent rise in mobile banking activity in April.

Security 52

Security Online and Mobile Banking Enrollments Mobile Banking 52

PYMNTS

FEBRUARY 28, 2017

The platform is designed to help retailers combat an uptick in online retail fraud, caused largely by ineffective or stolen password credentials. The company introduced biometric features to their app last year and credited those new features with winning the pair of awards.

Account Takeovers 43

Account Takeovers Online and Mobile Banking Authentication Credential 43

PYMNTS

AUGUST 18, 2017

17) it has discovered a new modification of the Faketoken Android Trojan, a mobile banking Trojan that can steal credentials from popular ride hailing applications. Kaspersky Lab announced Thursday (Aug.

Phishing 40

Phishing Cybersecurity Credential Bank Card 40

PYMNTS

OCTOBER 16, 2017

PCI tokens, encrypted card credentials held in vaults by processors, have been part of payments for years. Today, he told PYMNTS’ Karen Webster, consumers who sign up for an account online are prompted to register their card credentials: account number, expiry and CVV. Tokens are nothing new. But version 2.0

Issuers 40

Issuers Credential Online and Mobile Banking Authentication 40

PYMNTS

SEPTEMBER 4, 2019

In eCommerce and mobile banking, friction is a four-letter word, an interruption and annoyance — even a speed bump — on the path to transactions and getting things done. They want to protect some of their most valuable assets, such as their money and the payment credentials they use when accessing that money.

Online and Mobile Banking 44

Online and Mobile Banking Authentication Mobile Banking Breach 44