PYMNTS
OCTOBER 6, 2020
As for compliance efforts — and particularly with PSD2 — the hurdle for online merchants and their banks has been the compressed timeframe to comply with new data rules and technical implementations.
PYMNTS
DECEMBER 5, 2016
Choudhury also predicts secure voice authentication, or a voice print, will become more prevalent as a biometric safeguard. This technology reads a consumer’s voice patterns to authenticate transactions. Choudhury said Qualcomm has spoken with various payments partners about building multifactor authentication into smartphone devices.
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PYMNTS
AUGUST 7, 2019
“NSTIC called out the national need to eliminate PINs and passwords as single authentication factors and to use multifactor authentication for stronger [verification],” Temoshok explained. “It People will go around them, whether that’s password composition rules or multifactor authentication.”.
Global Fintech & Digital Assets
DECEMBER 11, 2023
Technical Controls The Amendments introduce a number of heightened technical controls, including: Multifactor Authentication: With only very limited exceptions, multifactor authentication (MFA) is now required for “any individual” accessing “any information system” of a covered entity.
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.
PYMNTS
APRIL 30, 2018
Many merchants are reporting that they have yet to even think about how they will respond to the new rules. Some are playing the wait-and-see game, keeping an eye on others in the space for ideas; others are gambling with which rules to follow and which to ignore until the consequences of non-compliance become more clear.
PYMNTS
JULY 12, 2018
PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication. Amid those fresh concerns about readiness and how laggards might impact PSD2 goals, there are recent questions about whether the payment rules contradict the GDPR. SCA pulls in factors such as ownership (i.e.,
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