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Samsung SDS Partners On Mobile Payments Solution

PYMNTS

Infosys Finacle, part of EdgeVerve Systems, and Samsung SDS, a subsidiary of Samsung Electronics, announced a new partnership aimed at providing consumers with a frictionless mobile banking/payment solution. Customers are becoming far more accustomed to accessing and spending their money via mobile.

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Amex Acquires InAuth

PYMNTS

InAuth provides mobile device authentication and intelligence solutions for financial institutions, banks, payment networks and merchants — and its reason for being is to figure out fraud at the device level, before the transaction ever gets off the ground. The changing commerce landscape. ”

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Canadians Have Polarizing Views on Evolving Payment Innovations With Security Concerns Being Top-of-Mind, Reveals New Payments Canada Study

Fintech Finance

This concern surrounds current and potential innovations like generative artificial intelligence (GenAI), social commerce and pay-by-bank reveals a new study from Payments Canada. Overall, 29 per cent of Canadians find pay-by-bank appealing, 33 per cent do not find it appealing and 38 per cent are neutral.

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Small Business Banking Tests The Digital Identity Waters

PYMNTS

Due to these shortcomings, Hanson told PYMNTS, Nav plans to shift away from the KBA strategy in favor of Experian technology that uses IP addresses and location data to provide real-time user authentication.

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The Role of Liveness Detection in Banking Security

Fi911

In an age of rapid tech advancements, the banking industry faces fresh security risks. This adds a crucial security layer, ensuring the authentication process interacts with a genuine source. Instant Checks, Lower Fraud Liveness detection offers quick yet rigorous verification in time-sensitive banking operations like online transfers.

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Ant Financial Adds Third Bank Partner This Month

PYMNTS

Ant Financial continues its bank partnership streak, signing a strategic cooperation agreement today (May 30) with Shanghai Pudong Development Bank (SPD Bank). That is Ant’s third bank partnership this month, following deals with Huaxia Bank and China Everbright Bank (CEB) earlier in May. Ant’s Plans.

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Top 5 Surprises from FICO’s Fraud and Digital Banking Survey

FICO

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Financial Institutions, such as banks, have expended great effort to improve digital security, yet bad actors are multiplying and attacks have increased in scope and frequency. million identity theft reports filed in 2021, many of which relate back to banks and lenders.