Remove Authentication Remove Breach Remove Consumer Authentication
article thumbnail

Is No-Factor Authentication Digital Security’s Future?

PYMNTS

So before we add another layer of authentication , we should ask, is this actually going to serve a purpose or solve our problem?”. What is necessary, said Xie, is a different, more holistic paradigm for fighting fraud – with a broad goal of not adding more authentication steps, but fewer. The Zero-Authentication Future.

article thumbnail

The Layered Approach To Consumer Authentication

PYMNTS

Authentication. 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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

PAAY Partners With Bluefin To Further Secure eCommerce Transactions

PYMNTS

PAAY provides strong authentication at the front door and Bluefin encrypts and tokenizes the data at the point of interaction on the web. New York-headquartered PAAY, a consumer authentication innovator co-founded in 2011 by James Ruffer and Yitz Mendlowitz, has a new security solution that aims to obliterate hacking and fraud threats.

article thumbnail

FinTech’s Digital Identity Crisis

PYMNTS

That was the crux of a recent digital discussion Karen Webster had with Ken Allen, SVP of operations at Socure , when the two dug into one increasingly evolving, complex topic that’s driving the future of payments and financial services: authenticating the consumer. “There is no silver bullet in this framework.

article thumbnail

Why Regulation Won’t Fix Credit Reporting Agencies

PYMNTS

Thirty years later, I find their tagline a rather fitting metaphor for the Equifax data breach and the flurry of headlines made by everyone who now wants to take them — and their two credit reporting agency compadres, Experian and TransUnion — out to the regulatory woodshed. I think we all know the answer to that question now.

article thumbnail

Deutsche Bank Acknowledges Complexity, Confusion In PSD2 Implementation

PYMNTS

Among them are the Regulatory Technical Standards (RTS) on Strong Consumer Authentication (SCA) and Common and Secure Communication (CSC), which will not see an implementation date until the first half of 2019 at the earliest. Proper Preparation.

article thumbnail

Fraud Prevention: Don’t Worry – Be Happy?

PYMNTS

What’s clear is payments is not just about moving money around; it’s about making sure that the customer initiating that transaction is, in fact, authenticated. And that’s what the real authentication challenge is, says Lou Anne Alexander, Chief Market Development Officer at Early Warning. Anywhere that they happen to be transacting.