Fintech News

JULY 2, 2025

Built around documentation verification and static data checks, these processes are essential for regulatory compliance. Criminals have become adept at forging documents, acquiring stolen credentials and creating synthetic identities that can easily pass basic KYC checks.

Fraud Prevention 114

Fraud Prevention Technology Checks Money Laundering 114

EBizCharge

FEBRUARY 26, 2025

This process typically involves: Configuring API credentials: Youll need API keys or credentials from the gateway provider to connect it to NetSuite. Address Verification Service (AVS) and CVV verification should be enabled to prevent unauthorized transactions and reduce chargeback rates.

Credit Cards 52

Credit Cards Process Payment Gateways Payment APIs and Integration 52

Fintech Finance

JUNE 12, 2025

New research by YouGov commissioned by Checkout.com , a leading global digital payments platform, has found that merchants and financial institutions not offering ID verification and biometric payment authorisation are at risk of losing customer trust. The research also revealed the true extent of those targeted by payment fraud.

Research 52

Research Risk Consumer Verification 52

Fi911

JUNE 9, 2025

These attacks often coincide with travel schedules or major transactions when verification becomes difficult. Multi-factor authentication protects against credential compromise but must extend beyond employee accounts. Voice cloning and video manipulation will make verification harder.

Email Compromise 52

Email Compromise Business Email Compromise Compromise Law Enforcement 52

The Fintech Times

JUNE 12, 2025

Merchants and financial institutions not offering ID verification and biometric payment authorisation are at risk of losing customer trust, according to a new report from global digital payments platform Checkout.com. Forty per cent of UK adults report that their card credentials have been stolen in the last 12 months alone.

Risk 45

Risk Consumer Verification Credential 45

Finextra

JULY 3, 2025

Users can: Store card credentials securely Authenticate with biometrics Make fast, online, and contactless payments Access loyalty points, tickets, or IDs You’re not managing funds. Think of it as a prepaid account with a flexible front end. The digital wallet becomes a smart layer on top of the existing infrastructure.

eWallet 52

eWallet Payment APIs and Integration PCI DSS Online and Mobile Banking 52

The Payments Association

JANUARY 22, 2025

This increased digital dependency has raised the need for secure access and quick and easy identity verification online. Building upon this framework, the EU Digital Identity Wallet Consortium (EWC) is leveraging the potential of the proposed EU digital identity to develop digital travel credentials.

Security 88

Security Online and Mobile Banking Credential Verification 88

Fintech News

APRIL 6, 2025

The courses will provide participants with practical knowledge, real-world compliance strategies, and career-boosting credentials through free, expert-led modules. The initial course offerings will cover Business Verification Fundamentals, Transaction Monitoring, Travel Rule, and how to collect data for successful KYC.

Fraud Prevention 71

Fraud Prevention Deepfake Travel Rule Continuing Education 71

The Fintech Times

JULY 10, 2025

We’ve done integrations across all sorts of sectors, such as gaming, gambling, retail and travel, and we’re engaged with regulators like Ofcom and the Malta Gaming Authority on things like age verification and safer access online for minors. What has been the biggest challenge or most tricky moment to overcome?

Online and Mobile Banking 59

Online and Mobile Banking CHIPS Laws Account Takeovers 59

Fintech News

JULY 21, 2025

Then, the Singpass Face Verification (SFV) for digital token setup was initiated to prevent scammers from hijacking a customer’s digital token using stolen credentials, ensuring only the rightful owner can activate it with a face scan.

FinTech 71

FinTech Scams AI Risk 71

The Payments Association

JUNE 11, 2025

To keep up, organisations need to move away from simple, KYC-focused verification and towards a proactive, multi-layered approach." This sustained volume of fraud is eroding confidence among UK businesses, with 57% of businesses reporting increased fraud losses, as trust in existing customer verification methods falls from 83% to 68%.

Risk 88

Risk Fraud Prevention Fraud Detection Payment APIs and Integration 88

My Payment Savvy

JULY 10, 2025

If you can provide three specific data points (email, shipping address, IP address, login credentials, or device fingerprint), Visa may automatically rule in your favor. 3D Secure Authentication Logs When customers complete 3D Secure verification during checkout, that creates strong evidence that they authorized the transaction.

Disputes 40

Disputes Addressing Transactions Process 40

Finovate

JANUARY 10, 2025

Dataships recently announced a pair of new innovations to its platform: SMS Easy Opt-in , which replaces “Reply Y” with in-checkout verification, and A/B Testing Engine that provides transparent measurement of baseline versus opt-in rates. Mastercard and Crypto Credential launched in Kazakhstan and the UAE.

Innovation 64

Innovation Cross-Border Payments Payments Cross-Border 64

Finextra

JUNE 26, 2025

Account takeover attacks Account takeover attempts by criminals: Account takeover (ATO) attempts involve criminals gaining unauthorized access to online accounts, often through stolen or compromised credentials. This type of fraud can lead to financial losses, identity theft, and reputational damage for both individuals and organizations.

Stablecoins 52

Stablecoins Payment APIs and Integration Fraud Prevention Account Takeovers 52

EBizCharge

MARCH 3, 2025

The address verification system (AVS) is a security tool that verifies the billing address provided by the customer with the address on file with the credit card company. 3D Secure authentication requires an additional verification step during a credit card transaction.

Credit Cards 52

Credit Cards Process Payment Gateways Payment APIs and Integration 52

Finextra

JUNE 26, 2025

Account takeover attacks Account takeover attempts by criminals: Account takeover (ATO) attempts involve criminals gaining unauthorized access to online accounts, often through stolen or compromised credentials. Online Seller Verification and Customer Review Fraud Prevention. Pay with TRIO offers: Settlement in minutes.

Stablecoins 52

Stablecoins Payment APIs and Integration Account Takeovers Cross-Border 52

Finovate

JULY 7, 2025

Anonybit’s decentralized biometric cloud supports all major biometric modalities (face, voice, finger, iris, and palm) for both authentication and step-up verification. “With Anonybit’s identity infrastructure, we ensure our agents are not only autonomous, but accountable.

AI 64

AI Authentication Audit Privacy 64

Finextra

JUNE 5, 2025

By encouraging public sector organisations to issue and accept digital credentials, the legislation will reduce administrative burden and enable better services for European businesses. When credentials are structured and machine-readable, they can be processed automatically. Interoperability is crucial.

Credential 52

Credential Payment APIs and Integration Authorization Issuers 52

The Fintech Times

JULY 18, 2025

Umazi , the digital identity platform, has revealed that outdated and inefficient business verification systems are causing serious problems for small and medium-sized businesses (SMEs) in the UK. We’ve spoken to business owners who’ve had to submit the same documents repeatedly just to get through basic onboarding.

Duplicate 45

Duplicate Verification Credential Government 45

Segpay

OCTOBER 22, 2024

Privacy-Friendly Cryptographic Security in Compliance with the Law Resistance to traditional ID-based age verification is growing. In response, less intrusive alternatives like blockchain-based age verification are emerging. This ensures the integrity and reliability of age verification records.

Verification 105

Verification Blockchain Privacy Encryption 105

Fintech News

SEPTEMBER 17, 2024

Major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months in a concerted effort to bolster security against phishing scams. Customers without a Singpass account are advised to register and download the Singpass app beforehand.

Verification 115

Verification Scams Phishing Financial Crimes 115

Segpay

OCTOBER 17, 2024

Age verification systems are essential tools for ensuring compliance with regulations designed to prevent minors from accessing inappropriate content or services. What is Age Verification? This approach typically involves user-specific credentials and identity checks.

Verification 111

Verification Privacy Laws Compliance 111

NFCW

SEPTEMBER 12, 2024

VERIFICATION: The Digital Credentials API will use digital IDs to verify website users A new Digital Credentials API that will allow visitors to a website to verify their identity using a driver’s license or a national identification card stored in their digital wallet has now entered testing.

Credential 123

Credential API Authentication Verification 123

Fintech News

AUGUST 12, 2024

Here are the eight selected startups: Edubuk A platform for global academic and professional credentials verification, using blockchain and AI to streamline background checks. Kerc A healthcare platform focused on seamless data interoperability to improve patient outcomes and reduce errors.

Blockchain 140

Blockchain Credential Verification APACS 140

VISTA InfoSec

JUNE 18, 2024

A crafty hacker could infiltrate accounts secured by flimsy credentials. This advanced data security measure demands additional verification beyond just a device passcode, such as a fingerprint scan or random code from a mobile app. Simplistic credentials are entry points for hackers. Paper password hygiene is also crucial.

Data Security 266

Data Security Security Encryption Cybersecurity 266

VISTA InfoSec

APRIL 5, 2024

A file falling into the wrong hands or credentials being revealed to unauthorized personnel could spell lost productivity and revenue. Cybersecurity measures such as data encryption, two-step verification, and stringent policies on data access are some of the things that should be implemented in order to minimize online threats.

Best Practices 278

Best Practices Business Continuity Continuity Compromise 278

The Fintech Times

JUNE 3, 2024

Payments giant, Mastercard has achieved a new milestone in its crypto endeavour as its Crypto Credential offering, first announced at Consensus 2023, has officially gone live. How it works The exchange will first verify a user under the set of Mastercard Crypto Credential standards.

Credential 64

Credential Visa Cross-Border Travel Rule 64

The Fintech Times

SEPTEMBER 21, 2024

Major retail banks in Singapore are set to progressively implement Singpass Face Verification (SFV) in the near future, as the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) plan to strengthen the digital token (DT) setup process for retail banking customers.

Verification 72

Verification Scams Financial Crimes Crime 72

VISTA InfoSec

FEBRUARY 25, 2024

They take advantage of vulnerable software, stolen credentials, tricked employees, business partner access, unencrypted transfers, and even insider threats to penetrate networks. Skilled hackers use sophisticated tools to exploit the slightest weakness in defenses.

Data Breach 272

Data Breach Breach Multifactor Authentication Cybersecurity 272

Segpay

OCTOBER 3, 2024

Age verification tools are crucial in the adult industry to ensure that only users of legal age (typically 18+) access adult content. Various tools and methods are used across platforms to verify age, ranging from simple age-checking prompts to sophisticated identity verification systems. It is GDPR-compliant and offers high security.

Compliance 105

Compliance Verification Database Online and Mobile Banking 105

PYMNTS

APRIL 25, 2019

For a lot of businesses, “advanced age verification” isn’t really all that advanced. Business owners seem to think that a pop-up is enough — that checking a box is the same thing as providing heightened age verification,” Matt Fields, VP of AgeChecker.Net , told PYMNTS in a recent conversation. Check Yes if you are 18.”. How It Works.

Verification 78

Verification Checks Best Practices Legal 78

PYMNTS

JULY 2, 2019

What about the golden age of age verification? However, as more age-restricted products move online, robust and seamless digital age verification takes on more importance, a trend that promises to grow in the coming few years. The increasingly old-fashioned age-verification pop-up box isn’t cutting it anymore, at least in his view.

Verification 65

Verification Legal Laws Push-to-Card 65

PYMNTS

APRIL 3, 2019

Cognito CEO Alain Meier and his colleagues at the identify verification service have a peculiar way of freaking out payment and commerce operators. In a new PYMNTS interview, Karen Webster and Meier talked about the power of the phone number and the role it can play as companies and consumers put more focus on ID verification.

Verification 59

Verification Money Laundering Authentication API 59

PYMNTS

MARCH 29, 2019

The goals of any digital identity verification process or technology include stopping fraud in its tracks, preventing fake accounts from ever being opened and, at the most basic level, maintaining (and even building) a client’s reputation for trustworthiness. That’s not easy. Are end users ready to manage their own IDs? Healthy Friction.

Verification 68

Verification Authentication Cross-Border Risk 68

PYMNTS

JUNE 4, 2019

However, if data is vital to the digital economy, so is identity (ID) verification. If anything has become clear within the last few years, it’s that electronic ID verification — using digital methods and data to confirm and authenticate identities — is increasingly taking on crucial importance. Evolving ID.

Verification 62

Verification Online and Mobile Banking Fraud Prevention Privacy 62

The Fintech Times

AUGUST 15, 2024

Now, Mastercard is expanding its Verification of Income and Employment solution to include credentialed payroll, powered by Argyle, enabling financial institutions to digitally verify an applicant’s income and employment. This means it can offer more opportunities to individuals with thin, subprime or no credit files.

Verification 59

Verification Visa Direct Deposit Economy 59

VISTA InfoSec

NOVEMBER 7, 2023

In essence, MFA requires multiple verification steps before an action is authenticated. Man-in-the-Middle attacks : Attackers secretly intercept and relay communication between two parties, potentially capturing login credentials. System verification : The system checks the entered credentials.

Authentication 130

Authentication MFA Cybersecurity Credential 130