Remove Addressing Remove Best Practices Remove Consumer Authentication
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Why Layering Is Going Out Of Fashion In Consumer Authentication

PYMNTS

What we have a responsibility to do is keep things up to date and adopt the best practices for locking the bad guys out.”. So those best practices, he noted, aren’t necessarily about building the highest possible wall. “There is no single fix that will solve every issue for all times. Security With Simplicity .

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The Layered Approach To Consumer Authentication

PYMNTS

And at the crossroads of the authentication conversations are the challenges financial institutions face when addressing consumer authentication and how to implement the best practices in order to provide merchants and FIs with sufficient protection against potential fraud. Managing Big Data.

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Evolution of Authentication

PYMNTS

approaching a couple thousand dollars, and each incident of eCommerce fraud costing merchants several hundred dollars, now is the time to wonder if the traditional methods of consumer authentication are pulling the weight that they once did. With the average loss of a single fraudulent “new” online bank account in the U.S.

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FinTech’s Digital Identity Crisis

PYMNTS

And as merchants and financial service providers weigh whether traditional methods of consumer authentication have the same power they once did now that commerce has moved online, Allen would give them one piece of advice: They do not. “Digital identity is one component of the ‘real you’ that’s biometric in essence.

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Survey: Do Customers Think Banks Are Fair to Scam Victims?

FICO

According to the 2023 FICO Global Scams Survey , 51% of consumers worldwide believe their friends or family members have been victims of similar scams. Better Data, Better Protection The good news is that banks have options to address customer concerns. Debbie holds a B.A.

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All Aboard The Authentication Train – A Look At Amtrak’s Journey

PYMNTS

Rick Ziolkowski, a payment authentication specialist for Amtrak, explained that the past few years have been a period of intense growth and progress for the railroad’s ticket buying and payment authentication procedures. Looking toward the future, mobile wallets appear to be the next major player in the authentication solution game.