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Fiserv Rolls Out Enhanced Consumer Authentication Solutions

PYMNTS

22) that it has rolled out two enhanced consumer authentication solutions, step-up authentication and identity verification, to mitigate card fraud within call centers. In a press release , Fiserv said the two new solutions expand beyond knowledge-based consumer authentication that can be vulnerable to fraud.

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Why Layering Is Going Out Of Fashion In Consumer Authentication

PYMNTS

The problems with identity theft and account takeover (ATO) fraud are real and seriously need to be addressed. So those best practices, he noted, aren’t necessarily about building the highest possible wall. Increasingly they are about finding ways to make the cleverest possible lock. Security With Simplicity .

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Why Mobile Phones Are The Better Consumer Authentication Mousetrap

PYMNTS

There are all kinds of verification use cases, he said, that don’t quite need full AML/KYC compliance, and classification purposes as to whether the consumer is in good standing or not. Preventing mobile account takeovers of existing accounts, or recognizing and proactively thwarting identity theft are two of the most common.

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Fighting Fraudsters At The FI/Customer Journey Starting Line

PYMNTS

This opens the door to new avenues of attack by those who wish to steal data, hijack accounts and make off with ill-gotten gains, as Eric Kraus, vice president of risk, fraud and compliance at FIS , told PYMNTS in a recent interview.

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As PSD2 Gets Off the Ground, Fraudsters Gear Up

PYMNTS

Patterns of typing or computer mouse movements — an area generally known as behavioral biometrics — can help FIs keep guard against account takeovers , new account fraud and other sorts of criminal activity expected to follow the flood of TPPs into the payments world. Call Center Threat.