Remove Addressing Remove Demand Deposit Account (DDA) Remove On-Demand
article thumbnail

Payment Platforms Evolving As Faster Payments Take Root

PYMNTS

The API model works to boost traditional companies’ digital presence, she explained, with a focus on authentication to help address concerns about security — especially as firms conduct identity verification and find out if an account used to fund transactions is legitimate. Join PYMNTS.com and Fiserv for a webinar on Wednesday, Nov.

article thumbnail

Why Credit Isn’t Working For Financial Inclusion

PYMNTS

Johnny Ayers, co-founder and SVP of Business Development for Socure , argues that being able to have a traditional savings account or demand deposit account (DDA) is a basic financial right that should be afforded to all. may be unable to participate in the banking system and all it has to offer.

article thumbnail

How Machine Learning Fights “Hypnofraud”

FICO

Often, the ploy contains the threat that the account holder will be arrested if funds are not sent immediately. After gaining access to a victim’s account, a fraudster might go one step further to carry out account takeover fraud. Phishing, Smishing, Hypnofraud and More. Push Payment Fraud Is on the Rise.

article thumbnail

Top 5 Scores Topics of 2021

FICO

In the first post of the series addressing whether minimum scoring criteria limits the consumers’ access to credit, Joanne Gaskin wrote: Simply put, the answer is no. In 2021, the financial services world continued to grapple with the uncertainty brought on by year two of the COVID-19 pandemic. Each year, we share the average U.S.