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. . Liveness detection can also help smooth onboarding and authentication processes. Seamless, Secure Onboarding . More than 111 million U.S.

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Verification Authentication Economy Data Breach 89

PYMNTS

MAY 8, 2019

From company board rooms to airport boarding gates, the need for seamless authentication is putting biometrics front and center in varying use cases. With that shift, older authentication tools, such as physical tokens, are seeing a decline in use. Meanwhile, in Thailand, KBank is embracing biometrics for new customer enrollments.

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Security Authentication Compromise Blockchain 68

PYMNTS

AUGUST 29, 2016

But what if a wearable device could use unique biometric indicators, like a person’s heartbeat, to continuously authenticate the user wearing it and enable access to any number of access points? I can say that, using our system, there have been no known security breaches.”. It was also a busy biometrics month for U.S.-based

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Authentication Security Enrollments Database 43

PYMNTS

OCTOBER 12, 2018

With next-day processing, those payment systems can function with a certain methodical authentication process because the window is long enough to allow it. If the payments — push or pull — are in real time, he said, then the authentication has to be in real time as well. That window is evaporating,” he noted. What’s Next.

Faster Payments 73

Faster Payments Authentication Payments Enrollments 73

PYMNTS

AUGUST 21, 2018

When it comes to the bond between consumer and financial services, no doubt the relationship is a bit, well, frayed in the age of data breaches and the Dark Web. In the latest Data Drivers, Karen Webster and Philipp Pointner, chief product officer at Jumio , delved into some scary data points surrounding those aforementioned breaches.

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Data Breach Breach Laws Authentication 42

FICO

AUGUST 28, 2020

However, widespread data breaches mean that password data has been leaked and can be bought by criminals on the dark web. In general, organizations need to stop looking for ‘magic bullets’; there is no single authentication factor that will work for all customers in all scenarios. Biometric Authentication. Layered Approach.

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Authentication Online and Mobile Banking Breach Data Breach 52

PYMNTS

JULY 15, 2020

This seismic shift is, in turn, making it more important than ever for providers to examine the use of digital identity authentication technologies.”. Medical records command a high value on the dark web and can be listed for 10 times more than the average credit card data breach record. Medical Records = Dark Web Gold.

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Data Breach CCPA Breach Social Security 58

PYMNTS

SEPTEMBER 19, 2019

The threat of a data breach is now an ever-present part of life for customers and the banks that serve them. A reported 3,813 data breaches across a number of industries — collectively exposing 4.1 billion customer records — occurred in the first six months of 2019, for example. billion stolen credentials.

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AI Accounts Data Breach Credential 57

PYMNTS

FEBRUARY 27, 2019

More than 90 percent of India’s population is currently enrolled in the Aadhaar program, making it one of the world’s largest biometric ID systems. The country’s Department of Home Affairs (DHA) launched a national identity card in 2013 that includes fingerprint authentication on top of a standard PIN. Keeping biometrics safe .

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Governance Government Authentication Database 63

PYMNTS

NOVEMBER 1, 2017

protocol and the European Union’s second Payment Services Directive (PSD2) have delivered a one-two punch for issuers and merchants in order to comply with these new regulatory requirements and network authentication processes. Biometric authentication does both, said Sass. The updated 3D Secure 2.0 3D Secure 2.0 Data Trove.

Security 43

Security Enrollments Authentication Issuers 43

PYMNTS

APRIL 11, 2017

Data breaches are so commonplace, might we have become immune to the news of more credentials hacked, more identities stolen? Initial enrollments may happen online, added the executive, where regulatory hurdles must be leapt, for identity verification, at the front end. Data Point One: One Billion Plus.

Credential 40

Credential Enrollments Authentication Breach 40

PYMNTS

AUGUST 10, 2017

The overarching theme is to mitigate risk when it comes to offering individuals access to government services, in an effort to keep their personal data safe and the agency from a breach of data — and the conduits to getting there have, perhaps, more moving parts than you might expect.

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Social Security Security Credential Authentication 53

PYMNTS

NOVEMBER 7, 2016

There are those high-profile credit card data breaches that create massive headaches for merchants, while the Federal Bureau of Investigation has continually warned the nation about corporate phishing attacks that specifically target the B2B and supplier payment process, convincing businesses to pay a fake supplier.

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Fed Secure Payments Task Force Security Federal Reserve 77

Stax

NOVEMBER 6, 2023

There are various methods of enforcing data security, such as data masking, encryption, authentication, and data tokenization. Besides the enhanced data security, other benefits include reduced risk of breaches, easier regulatory compliance, and compatibility with legacy systems. Let’s get started.

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Encryption PCI DSS Data Security Origination 88

PYMNTS

FEBRUARY 22, 2019

That’s especially true along the traditional and current methods of authentication , he said. But, said the executive, the creation of a “trust anchor” can be accomplished by establishing the authenticity of a government-issued identity document. Compliance impacts friction — likely increasing it. Forget What You Know — Literally.

Credential 52

Credential Account Takeovers Authentication Verification 52

PYMNTS

JULY 12, 2019

Personal electronics manufacturer Samsung is also looking at mobile digital ID solutions with its Nexsign tool, which verifies users’ identities with biometrics, rather than easily breached or forgotten passwords and security questions. The NDI is expected to be fully operational by the end of 2020.

Online and Mobile Banking 43

Online and Mobile Banking Governance Government Enrollments 43

PYMNTS

SEPTEMBER 30, 2016

That was the date that lives on in payments history since it was the date that Target announced it had been the victim of a massive POS breach that exposed the card data of some 40 million consumers. Not that EMV would have cured the reason for that breach, but let’s not get bogged down with details at the start of our story.

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PYMNTS

JULY 9, 2018

Between the Equifax hack last year, the Exactis hack last month and the thousands of other data breaches, big and small, that happened between them (not to mention before them), the average American consumer can rest assured that some or all of their personal data is floating around the dark web these days.

Fraud Detection 44

Fraud Detection Enrollments Addressing Verification 44

Stax

FEBRUARY 28, 2024

This gives both you and your customers confidence that data breaches can be avoided. To add an extra layer of security, implement strong password policies and multifactor authentication for user access. They must accommodate your expanding customer base, increasing transactions, and growing business needs. Want to learn more?

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Payment APIs and Integration Automation PCI DSS Fraud Prevention 88

PYMNTS

JANUARY 2, 2017

Throughout the issues of the 2016 PYMNTS.com Digital Identity Tracker , we reported on what could be the end of a familiar security protocol — the username and password — and the dawning of new biometric authentication. We caught up with FIDO Alliance President Brett McDowell to find out more about these new authentication methods.

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ACH Online and Mobile Banking Cross-Border Same Day ACH 49

PYMNTS

SEPTEMBER 6, 2019

The need for newer, stringent authentication comes as call centers — especially those for banks and other financial services — are getting hit with increasingly sophisticated fraud. Users’ voices, how they hold their phones or type and their fingerprints are all factors call centers are examining for more secure authentication.

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MFA Authentication Phishing Verification 49

PYMNTS

NOVEMBER 15, 2017

With no face to match to the name and no data beyond the traditional Social Security numbers, dates of birth and passwords, is it any wonder that account security is a tough battle to fight — especially against foes who have leveraged data breaches into literal gold mines? Barnhardt noted that an individual enrolling in insurance in the U.K.

Authentication 40

Authentication Verification Online and Mobile Banking Enrollments 40

PYMNTS

SEPTEMBER 11, 2019

He pointed to password managers and services that alert consumers to the fact that passwords may have been exposed in data breaches (and so must be discarded). In one example of that groundswell, he said, Microsoft has debuted Windows Hello for Business in Windows 10 and the Microsoft Authenticator app. Getting Ready to Pull the Plug.

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Authentication Identity Theft Account Takeovers Checks 72

PYMNTS

JULY 23, 2018

Equifax may have its place as a watershed hack in the annals of data breaches , but it stands as only one of many. Consider the fact that, just this past week in Singapore, a massive data breach touched the information of a third of the city-state’s population. As many as 1.5 As many as 1.5 This isn’t just a U.S.

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Social Security Breach Data Breach Debit Card 41