PYMNTS

FEBRUARY 13, 2020

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.

Authentication 98

Authentication Bots Identity Theft Mitigation 98

The Payments Association

OCTOBER 28, 2024

Opportunity for innovation in customer experience The Click to Pay mandate presents a real opportunity for card issuers to improve customer experience through frictionless authentication, secure tokenisation, and simplified checkout.

Card Issuer 88

Card Issuer Issuers Payment APIs and Integration Interoperability 88

PYMNTS

SEPTEMBER 14, 2017

In a press release , ICBA Bancard said with the partnership, CardinalCommerce will provide its data-driven consumer authentication solution, which helps reduce online fraud for ICBA Bancard client banks. “As which is the newest eCommerce authentication protocol on the market.”. 13) a new partnership with CardinalCommerce.

Authentication 51

Authentication Community Banks Chip Cards Issuers 51

Accertify

MARCH 27, 2024

Fraud Platforms and Decision Engines User Behavior & Behavioral Biometrics 3DS and Consumer Authentication Device Identification & Recognition Identification and Data Verification Chargeback Management & Platforms You can read more about Accertify on 3D Secure, Fraud and Chargeback Services on pages 14, 24 and 122.

Fraud Prevention 45

Fraud Prevention Consumer Authentication Verification Authentication 45

PYMNTS

OCTOBER 23, 2019

The customer expects processes that are smooth and swift — and if a transaction does not meet those expectations, the consumer will likely continue down the line to the next provider who can give them that experience. This means authenticating a consumer has turned into something of a tricky and delicate process.

Authentication 48

Authentication Transactions Value Added Service Consumer 48

PYMNTS

MAY 18, 2016

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.

Authentication 40

Authentication Online and Mobile Banking Consumer Authentication Treasury 40

PYMNTS

JANUARY 16, 2019

Human wrists deserve a break when it comes to payments, commerce and even authentication, right? To put it another way: Is there a better way to do wearables, to appeal to consumers who, for various reasons, might not like wearing web-connected devices on that part of their bodies? It’s a reasonable concern. Different Preferences.

Authentication 52

Authentication Consumer Use Case Consumer Authentication 52

PYMNTS

DECEMBER 17, 2018

In a press release , EMVCo said the specification has been updated to include enhancements that will better promote and optimized the consumer experience and at the same time support new authentication abilities when making purchases online. The EMV3DS version 2.2.0

EMV 53

EMV Consumer Authentication Authentication Issuers 53

The Paypers

MAY 19, 2021

Payway , a US-based payment processing solution provider, has partnered with PAAY , a consumer authentication service provider, to bring 3-D Secure to merchants.

Security 41

Security Consumer Authentication Authentication Service Provider 41

The Paypers

JANUARY 14, 2021

Silkbank has partnered with Visa to utilise their ‘Visa Consumer Authentication Service’ (VCAS), which provides the bank risk-based authentication to reduce fraud and false declines through an improved online authentication service.

Consumer Authentication 36

Consumer Authentication Authentication Risk Consumer 36

PYMNTS

NOVEMBER 10, 2020

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.

Transactions 93

Transactions Security Encryption CCPA 93

PYMNTS

SEPTEMBER 28, 2020

Strong consumer authentication comes in several forms, and it’s time to pick one. “A Identity authentication powered by artificial intelligence (AI) has slowed the malignant growth of certain types of cyber fraud, clearing a path forward for more secure online transactions. A Marriage Of Advanced Tech With Due Diligence.

Financial Crimes 81

Financial Crimes Crime Due Diligence Federal Trade Commission 81

Fintech Finance

JUNE 5, 2024

Additionally, another benefit is the minimised risk of fraud since consumers authenticate each payment directly through their banking solution.

Payments 52

Payments Consumer Authentication SWIFT Service Provider 52

PYMNTS

APRIL 18, 2019

30: Transactions under this amount are exempt from Strong Consumer Authentication. trillion: Value of the POS financing market opportunity. 90 percent: Approximate loan approval rate via the Vyze platform. €30: 2,000: Maximum Walmart purchase amount eligible for POS financing.

Fraud Prevention 57

Fraud Prevention Consumer Authentication Authentication Payments 57

PYMNTS

AUGUST 15, 2019

This new capability marks another step on our journey to making authentication safer and easier for everyone to use,” Google said in the post. or FIDO2), which helps companies bypass passwords for authentication that involves fingerprints or facial recognition. The biometric option leverages the standard known as FIDO 2.0 (or

Authentication 59

Authentication User Authentication Consumer Authentication Encryption 59

Finovate

OCTOBER 16, 2024

To combat this, firms can implement automated validation systems to check the accuracy, authenticity, and compliance of payment transactions in real time. Also, firms can implement advanced consumer authentication methods and mandate ongoing fraud prevention training for staff to further mitigate risks.

FedNow 59

FedNow Instant Payments Disputes Federal Reserve 59

PYMNTS

JUNE 9, 2020

Increasingly, that work is being performed by dynamic global identity verification platforms that use strong consumer authentication (SCA) and/or multi-factor authentication (MFA) to harden the onboarding process against an army of cyberthieves exploiting pandemic disorder. percent ‘less likely to be compromised.’

AML 52

AML MFA Authentication Verification 52

PYMNTS

JUNE 2, 2020

The foreseeable changes stem from the already delayed strong customer authentication (SCA) regulations that are due to go into effect in Europe by the end of the year. Under the new SCA rules, merchants will need to be able to securely authenticate every customer before authorizing eCommerce transactions. The Path Ahead.

Compliance 55

Compliance Authentication Push-to-Card Fraud Prevention 55

PYMNTS

MARCH 27, 2020

Prideaux said he’d be exaggerating grossly if he said that his phone suddenly had started ringing off the hook in the last few weeks because people have suddenly seen the light on the changing face of consumer authentication. Phones, however, have a unique potential. However, there is a caveat.

Authentication 87

Authentication Consumer Data Breach Consumer Authentication 87

The Paypers

MAY 25, 2018

(The Paypers) iovation , a provider of device reputation and behavioural insights for fraud detection and consumer authentication, has announced several new capabilities to its FraudForce solution.

Fraud Prevention 28

Fraud Prevention Fraud Detection Consumer Authentication Authentication 28

PYMNTS

JANUARY 3, 2019

includes enhancements to support new authentication procedures for online purchases, which could help stop unauthorized card not present transactions. Its EMV 3-D Secure Protocol and Core Functions Specification v2.2.0

EMV 60

EMV Fraud Detection Consumer Authentication Authentication 60

PYMNTS

JUNE 14, 2016

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.

Authentication 42

Authentication Consumer Authentication Verification Online and Mobile Banking 42

PYMNTS

NOVEMBER 16, 2016

11) that it will be making its eCommerce authentication (CCA) platform available to thousands of small, emerging businesses; independent retailers; and entrepreneurs looking to get a piece of that $117 billion holiday pie. That’s where CardinalCommerce comes in. It also shifts liability in the case of chargebacks.

Phishing 64

Phishing Authentication Scams Fraud Prevention 64

PYMNTS

MAY 22, 2018

Jim Peck, TransUnion’ s president and chief executive officer, said “iovation has unique device identity and consumer authentication capabilities that help businesses and consumers seamlessly and safely transact in a digital world,” in the press release announcing the deal.

Authentication 40

Authentication Consumer Authentication Verification Transactions 40

The Paypers

SEPTEMBER 26, 2016

(The Paypers) Ecommerce Europe, EDiMA, EPIF, Choice in eCommerce and CCIA have endorsed a study by Clever Advice as the EBA prepares its technical standards on Strong Consumer Authentication.

Consumer Authentication 28

Consumer Authentication Authentication Payments Consumer 28

PYMNTS

FEBRUARY 12, 2019

Now, keep that image in mind and consider the idea of end-to-end authentication services, as CPO Philipp Pointner of Jumio does pretty much every working day. When that person seeks to access the account or another service, they must go through an authentication process. Let’s back up to gain a fuller view of the problem at hand.

Verification 57

Verification Authentication Consumer Authentication Digital Payments 57

PYMNTS

APRIL 29, 2016

That’s the “unofficial motto” that Yehya Awad and his team have been kicking around for PulsePay , a heart rate-based method of online consumer authentication that was the winner of the latest HackPSU that took place on April 9. “They can steal your credit card, but they can’t steal your heart.”.

Authentication 40

Authentication Credit Cards Consumer Authentication API 40

PYMNTS

MARCH 7, 2018

Oltio has patents for several mobile payments and banking solutions, including an authentication technology that lets consumers authenticate Masterpass digital wallet purchases in South Africa with a bank PIN and mobile phone.

Visa 41

Visa Digital Payments Issuers Payments 41

PYMNTS

JANUARY 7, 2019

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals. Larger Trends. In fact, the Wendy’s fast food chain was recently hit with such a suit in Illinois.

Consumer 64

Consumer Laws Privacy Authentication 64

PYMNTS

JUNE 26, 2020

Many of these consumers are exploring digital banking for the first time, however, and are frustrated by customer onboarding pain points. Time-consuming authentication methods, redundant application forms and sluggish processes can all drive away potential customers.

Online and Mobile Banking 88

Online and Mobile Banking Checks Consumer Authentication Audit 88

PYMNTS

JUNE 11, 2020

These platforms conduct initial identity verification before presenting in-depth worker profiles or job postings, meaning firms and their potential workers have fewer time-consuming authentication concerns when hiring or being hired. Each marketplace has its own methods for ensuring that collaborating entities are legitimate.

Verification 74

Verification Facilitators Funds Transfer Consumer Authentication 74

PYMNTS

FEBRUARY 19, 2020

Game-changing identity/security edicts like the European Union’s second Payment Services Directive (PSD2) and its strong consumer authentication (SCA) requirement has hit implementation snags , further complicating matters. Fraudsters can seem like unstoppable ghosts in the machine, outsmarting or overwhelming intervention attempts.

Law Enforcement 52

Law Enforcement Fraud Detection Phishing Bots 52

PYMNTS

OCTOBER 14, 2019

Some of these changing regulations include the role of consumers, as when the Consumer Financial Protection Bureau (CFPB) — which is not quite to the level of open banking in Europe — issued guidelines for when consumers can access their own financial data. How money laundering, AML will change.

AML 43

AML Money Laundering Consumer Financial Protection Bureau (CFPB) Innovation 43

PYMNTS

JANUARY 26, 2021

Waterhouse said the big evolution for the year ahead will involve taking what are now typically debit transactions like check or automated clearing house (ACH) debit and migrating those to the RTP network combining a Request for Payment (RfP) with a consumer authenticated RTP payment.

Real Time Payments 109

Real Time Payments RTP RFP TCH 109

PYMNTS

JANUARY 6, 2020

An interesting feature of the Turkish banking system is that while it implemented PSD1 and PSD2, it was not compelled to enact strong consumer authentication (SCA). And there are other barriers, too. At this point, the system still has not, as Turkey’s EU outsider status allows them to sidestep SCA for now.

Online and Mobile Banking 52

Online and Mobile Banking CCPA Regulations Consumer Authentication 52

PYMNTS

MARCH 30, 2016

The online marketplace announced yesterday (March 29) that it has directly achieved FIDO certification, as well as open-sourced a FIDO UAF authentication server and Android client, thus gaining membership in both. “EBay is constantly looking for innovative ways to stimulate seamless end-to-end experiences for users across platforms.

Authentication 40

Authentication Interoperability Innovation Consumer 40

FICO

FEBRUARY 16, 2023

Her roles have included developing a consumer authentication solution for Experian and managing credit and identity theft management applications. Debbie is responsible for the products’ strategic direction and enabling enterprise use cases across a global client base. Debbie holds a B.A.

Compromise 98

Compromise Scams Debit Card Smishing 98