Remove Acquirers Remove Authentication Remove Multifactor Authentication
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Companies That Ignore Strong Authentication Pay the Price

Payments Source

Multifactor authentication is high on the list of payment security requirements, including new standards from PCI. For any company on the fence on adding stronger authentication, there's plenty of examples of what can go wrong with basic identity management.

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In Europe, Building The ‘Bridge’ Between eCommerce Merchants And Traditional Banks

PYMNTS

There’s been a huge gap in the ecosystem,” she told PYMNTS, in linking banks, acquirers, processors and cardholders — particularly in streamlining the process of online merchants receiving settlement funds from acquirers after card transactions were processed from websites.

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The Digital Payments Preferences That Cross The Generational Divide

PYMNTS

No matter the tools deployed across the issuers, acquirers or consumers, multifactor authentication (and risk scoring) will continue to be an important part of the payments ecosystem and do much to ensure confidence in secure transactions.

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How TD Bank Uses Voiceprints To Personalize — And Secure — Call Center Interactions

PYMNTS

That can make the authentication process tricky when it comes to satisfying consumers who want things done quickly. In the latest Call Center Commerce Tracker , PYMNTS examines how contact centers are using technologies like AI, biometrics and multifactor authentication (MFA) to keep customers satisfied and, most importantly, safe.

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Credit Card Processing for Small Business: Everything You Need to Know

Stax

Clearing and settlement With full authority to proceed with the transaction, your credit card processor will forward the transaction details to the relevant card networks, which are responsible for routing the relevant funds from your customer’s bank to your business bank (acquiring bank).

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As The SCA Deadline Approaches, Issuers Struggle With Preparedness

PYMNTS

The end of the year marks the deadline for European migration to strong customer authentication ( SCA ), a 15-month extension from the original deadline. So, merchants are as ready, acquirers are ready, according to McLain, and the question mark is whether the issuers are ready. The Question Mark.

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Are Retailers Ready To Ditch The Card Networks?

PYMNTS

He believes strongly that the end result will be that merchant acquirers will evolve into settlement processors for the merchants themselves, casting aside their traditional role of authentication. We see how great cameras are, how great GPS is, how great multifactor authentication is. Heasley mused. “We