Finextra

NOVEMBER 21, 2024

interface.ai, the leading provider of agentic AI solutions for community banks and credit unions, has unveiled its latest industry-leading innovations as part of its Fall 2024 product release.

Bots 52

Bots Product Credit Union Authentication 52

The Fintech Times

JULY 22, 2024

Telegram is a free, multi-platform messenger that houses apps and bots for various functions including games and entertainment, and financial management. The new Altery embedded finance service, the Altery Payment Bot, will provide Telegram users with a seamless payment option they can use on daily digital interactions.

Embedded Finance 64

Embedded Finance Bots Finance Multi-Currency 64

PYMNTS

JANUARY 27, 2021

Banks have reported myriad fraud threats over the past year, including various forms of identity fraud and bot activity, and are working overtime to develop countermeasures. Bot activity is the third major threat banks faced in 2020. How Authentication Prevents Fraud.

Innovation 85

Innovation Security Bots Identity Theft 85

PYMNTS

DECEMBER 17, 2020

These include: PSD2, a European regulation for electronic payment services, along with 3DS2, a multi-factor authentication setup used to confirm digital identity during eCommerce checkout. The reality of bots is that they’re pretty much in all areas of the customer experience and customer journey,” Sevounts said.

Fraud Prevention 69

Fraud Prevention Bots Payments Authentication 69

The Paypers

MAY 25, 2017

(The Paypers) Wyre , a US blockchain payments company, has launched a new bot for Facebook Messenger and WeChat that authenticates invoices through a public blockchain.

Bots 28

Bots Authentication Blockchain Payments 28

PYMNTS

MARCH 6, 2020

Oversight And Authentication. Companies that offer APIs must have authentication measures in place — such as those requiring legitimate users’ to present credentials, or “API keys” — before granting access to them. . IT managers and security specialist respondents said DDoS and bot attacks were their top API security worries.

API 52

API Authentication Security Payment APIs and Integration 52

PYMNTS

DECEMBER 1, 2017

To use Webster’s example, the phrase “double shot” could confuse a more generic AI, but a specifically tailored barista bot would know that the customer was trying to order two shots of espresso — not two shots of liquor and not a basketball arcade system for their man cave. Is it turned on? More Americans have an Amazon account than not.

Bots 47

Bots Automation AI Authentication 47

PYMNTS

JUNE 12, 2019

FIDO security keys provide the strongest protection against automated bots, bulk phishing, and targeted attacks by leveraging public key cryptography to verify your identity and URL of the login page, so that an attacker can’t access your account even if you are tricked into providing your username and password,” Google said.

Authentication 49

Authentication Phishing Bots Credential 49

PYMNTS

SEPTEMBER 17, 2020

The following Deep Dive examines how digital ID verification and user authentication can foster consumer trust and why providing seamless enrollment is essential. . Other account takeover (ATO) schemes involve bots, which can conduct some 100 hits per second. Seamless, Secure Onboarding .

Verification 89

Verification Authentication Economy Data Breach 89

Payments Source

DECEMBER 22, 2016

Today: Wearables underperform; Varo, Kasisto partner on bot debit card; EU warns on mobile security; Boloro debuts faster authentication. The information you need to start your day, including top headlines from PaymentsSource and around the Web.

Bots 60

Bots Debit Card Authentication Security 60

PYMNTS

JULY 13, 2020

Bad actors attempting ATOs seek to gain control of victims’ bank accounts without alerting FIs, and they therefore aim to obtain the login credentials necessary to smoothly move through FIs’ authentication measures. Some of these attacks see bots entering random words and numbers, while others involve entering common usernames and passwords.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

PYMNTS

MAY 24, 2018

Facebook, the social media giant, announced on Wednesday (May 23) that it has improved two-factor authentication, the industry-best practice for providing additional account security. “We previously required a phone number in order to set up two-factor authentication, to help prevent account lock-outs.

Authentication 40

Authentication Best Practices Bots Privacy 40

PYMNTS

OCTOBER 24, 2016

Millions of internet-connected machines, including webcams and other household devices, such as thermostats, that were turned into bots — the malicious kind. Baking Authentication In . We also have device-level authentication happening in the chip also, “ Nelsen told Webster.”When into Europe. Where did those attacks originate?

Security 99

Security Encryption CHIPS Authentication 99

PYMNTS

MARCH 13, 2020

Re-phrase and re-ask, and the consumer might do better — but it’s likely they get the same bad answer, or the bot digs deep and finds a way to give a worse one. Omnicommerce, social commerce, chat-based interfaces for transactions, and digital authentication are all part of the baked-in experience.

AI 101

AI Consumer Bots Authentication 101

PYMNTS

MARCH 14, 2020

In either case, the installation of the backdoor file makes it possible for the hacker to negate normal two-step authentication procedures and access the system freely. Serving as the ‘keys to the kingdom’ for attackers, a backdoor file can be a highly lucrative type of attack, accounting for its strong and growing popularity.”.

Account Takeovers 92

Account Takeovers Credential Automation Bots 92

PYMNTS

MAY 14, 2020

New York-based Fenergo is just one example: the firm is deploying what it calls Paycheck Protection Program (PPP) bots to collect and sort application data and coordinate it with financial institutions’ (FIs’) native loan application processes.

Identity Theft 98

Identity Theft AI Federal Trade Commission Verification 98

Fintech Finance

OCTOBER 9, 2024

ACI’s annual Unwrapping Checkout Trends report provides merchants and acquirers with essential insights on payment trends, spending and fraud predictions, and actionable ways to maximize secure and authentic conversions. ” Key report insights at a glance Payment trends (H1 2024 vs.

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BNPL Volume Alternative Payment Methods AI 98

PYMNTS

JULY 24, 2020

For Ritter, that means making sure that the digital identity of any person is rock-solid — and that starts with making sure the physical proof of that identity is authentic. As he noted, Mitek incorporates artificial intelligence (AI) to perform complex tasks invisibly in the background.

Verification 83

Verification Authentication AI Checks 83

Stax

MARCH 4, 2024

How do two-factor authentication and “3-D secure” protect payment information? Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. Beyond that, it helps to use multi-factor authentication (MFA) for transactions and access controls.

PCI DSS 88

PCI DSS Payment Security Security MFA 88

The Fintech Times

FEBRUARY 26, 2025

Nicole Valentine , fintech director, Milken Institute “What’s next for fintech is a future where the experience is more personalised based upon the many data points that are gathered to create a profile that is authentic to the user.

AI 78

AI FinTech Financial Literacy End User 78

PYMNTS

MARCH 14, 2019

It’s all a bit unfair, Stephen Maloney, EVP at Acuant , told Karen Webster in a recent conversation, because truth be told the password, when properly used, can be just fine as a method of authentication. I think right now we can see document authentication, facial liveness and voice coming up as big opportunities.”.

Authentication 59

Authentication Master Account Push-to-Card Use Case 59

PYMNTS

JUNE 29, 2020

These credential abuse attacks come in a variety of forms, with some hackers choosing to overwhelm API defenses with simultaneous logins from a host of bots and others using more targeted techniques like phishing individual API developers and using their login credentials. There were 85.42 million were aimed at the financial industry.

MFA 96

MFA Risk Security API 96

PYMNTS

AUGUST 19, 2019

Chipotle attributed the April attack to credential stuffing, in which a hacker uses a bot to automatically enter usernames and passwords stolen from other websites to try to find matches. When you’re looking at account takeovers, for example, it’s predominantly automated bot attacks that have an identifiable signature.

Account Takeovers 63

Account Takeovers Data Breach Bots Credential 63

PYMNTS

NOVEMBER 8, 2018

Bruce Anderson, an executive with IBM, was quoted in the report as saying, “Blockchain technology can be extremely effective in confirming provenance and authenticity of assets. According to researchers, this technique consists in using advertisements to mislead the user into downloading manipulated software.)

Distributed Ledger Technology (DLT) 61

Distributed Ledger Technology (DLT) Blockchain Digital Currency Bitcoin 61

PYMNTS

SEPTEMBER 5, 2019

Fraud protection has never been taken lightly by call centers, but the need for stricter authentication is reaching new levels in the face of automated bot attacks and near-daily account takeover (ATO) attempts. Fraud is an ever-evolving space, [so] it’s important, with multifactor authentication, to look at it holistically,” she said.

MFA 46

MFA Multifactor Authentication AI Authentication 46

PYMNTS

AUGUST 10, 2020

Many fraudsters are attempting to skim advertising dollars by duplicating apps and restoring ads, while others are targeting rewards systems by using bots to give them unfair advantages in matches, providing phony GPS locations or changing game criteria,” states the Digital Identity Tracker®.

Credential 56

Credential Account Takeovers Authentication Duplicate 56

PYMNTS

APRIL 22, 2020

FIs should thus consider which details they are using during this process, as access to valid and current data is critical, and its impact on authentication and customer satisfaction has grown as more users start asking for digital banking services over in-person ones. Data and Authentication Frustrations. Biometrics and Onboarding.

Security 53

Security Online and Mobile Banking Authentication Account Takeovers 53

PYMNTS

MARCH 1, 2017

Because hackers must determine how many credentials can be stolen and whether the credentials are active, they often use bots or credential stuffing tools to test stolen credentials as quickly as possible. Grant also recommended that companies consider security when building their mobile and smartphone strategy.

Account Takeovers 56

Account Takeovers Accounts Credential Authentication 56

PYMNTS

JUNE 14, 2017

Fewer than half of merchants have taken additional steps for account authentication solutions beyond standard login details. Are they concerned that additional steps in authentication will result in shopping cart abandonment? What is the awareness level of merchants when it comes to tokenization and authentication?

Consumer 58

Consumer Authentication Account Takeovers Compromise 58

PYMNTS

OCTOBER 3, 2016

In today’s mobile-first and digital-first environment, the authenticity of who the end consumer is has become the amalgamation of their digital footprint, Najarian noted. They don’t have to worry about any sense of fraud; the only threat they have to worry about is who the team is playing today and how do we win this game,” she added.

Cross-Border 76

Cross-Border Authentication Fraud Prevention Security 76

PYMNTS

JANUARY 13, 2021

Some of the most common tactics include phishing emails or impersonation scams, with some bad actors harnessing bots to reach thousands of consumers at once with these schemes. Fraud rates have increased by 55 percent since the beginning of the pandemic, culminating in a holiday shopping season unlike any other.

Fraud Prevention 75

Fraud Prevention Posting Multifactor Authentication Scams 75

PYMNTS

SEPTEMBER 24, 2020

Traditional wallets in the APAC region market have relied on two-factor authentication or one-time passwords. For example, many mobile wallet issuers are implementing selfie checks at the point of onboarding to ensure that an actual human being — and not just a bot — is creating an account.

APACS 98

APACS Risk Online and Mobile Banking Verification 98

PYMNTS

DECEMBER 20, 2016

“Because the customer opts in, enabling the retailer to access a plethora of rich and explicit purchase-intent data, the bot or the sales associate can provide valuable advice and recommendations and build a personalized and meaningful relationship with the customer.”. And that future comes from learnings of previous years.

Bots 51

Bots Transactions Innovation Technology 51

PYMNTS

MARCH 17, 2020

That includes everything from bots, credential stuffing and malicious, intentional human hacking activity.

Account Takeovers 52

Account Takeovers Accounts Bots Credential 52

PYMNTS

FEBRUARY 11, 2020

PSCU also uses Pindrop to fight contact center authentication fraud, which saved over $22 million. In the third quarter of 2019 alone, mass “bot” attacks on financial institutions (FIs) and card accounts rose by 70 percent year on year. Data scientists at PSCU use the links to tap research and ML to proactively take action.

Credit Union 56

Credit Union Credit Union Service Organization Blocks Bots 56

PYMNTS

NOVEMBER 27, 2019

Customers and retailers are not the only ones being targeted, either: Fraudsters are also using automated bots to trick advertisers into paying money for false marketing impressions. The new strategy relies on digital signatures for authentication instead of real user data. Around The Digital Fraud World.

Point-of-Sale (POS) 60

Point-of-Sale (POS) AI Card Issuer Credit Cards 60

PYMNTS

FEBRUARY 13, 2020

More companies are choosing end-to-end identity verification and authentication systems running artificial intelligence (AI) programs that can sort through millions of transactions looking for malicious bots acting like people. The presence of fake profiles tracks closely with cybercrime attacks, so vigilance is the watchword.

Verification 60

Verification Card Issuer Phishing Bots 60