PYMNTS

MARCH 6, 2019

While consumer satisfaction with authentication differs across sectors, financial services topped other markets in a recent report. percent: Share of eCommerce consumers who were required to provide email addresses when signing up for an online account.

Consumer Authentication 43

Consumer Authentication Authentication Consumer B2B 43

PYMNTS

AUGUST 7, 2019

At this point in 2019, we’ve all dealt with some flavor of two-factor authentication that uses SMS one-time passcodes. It’s a mild piece of friction, but it’s not terribly onerous and is doing something useful: keeping consumers safe. SMS-one time passcodes provide a security solution in the right neighborhood, but at the wrong house.

Authentication 44

Authentication Consumer Authentication Consumer Ubiquitous 44

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

The Payments Association

OCTOBER 28, 2024

The card scheme Click to Pay mandate underscores this evolution, making it mandatory for issuers to adopt a more streamlined, card-on-file experience that prioritises security and user convenience. The payments landscape is shifting, with digital-first experiences becoming the new standard.

Card Issuer 88

Card Issuer Issuers Payment APIs and Integration Interoperability 88

PYMNTS

DECEMBER 17, 2018

EMVCo , the global technical body that facilitates the worldwide interoperability and acceptance of secure payment transactions, announced late last week that it published the EMV 3-D Secure Protocol and Core Functions Specification v2.2.0. The EMV3DS version 2.2.0

EMV 53

EMV Consumer Authentication Authentication Issuers 53

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

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

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 Consumer Value Added Service 48

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

PYMNTS

MARCH 27, 2020

Digitization in consumer behavior was already well underway, he noted — and the reality of consumers now being in their homes and turning to digital channels for commerce, entertainment and education to support their professional lives has driven already present factors into overdrive. . link] pic.twitter.com/Cv8Row7QHi.

Authentication 87

Authentication Consumer Data Breach Consumer Authentication 87

PYMNTS

AUGUST 15, 2019

Amid a series of announcements, marquee names in tech — Google and Microsoft — have fired shots across the bow of static security efforts that involve your mother’s maiden name or where you went to elementary school. or FIDO2), which helps companies bypass passwords for authentication that involves fingerprints or facial recognition.

Authentication 59

Authentication User Authentication Consumer Authentication Encryption 59

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

JANUARY 3, 2019

Its EMV 3-D Secure Protocol and Core Functions Specification v2.2.0 includes enhancements to support new authentication procedures for online purchases, which could help stop unauthorized card not present transactions. With that in mind, EMV recently announced that it had updated its protocol to prevent this type of fraud.

EMV 60

EMV Fraud Detection Consumer Authentication Authentication 60

PYMNTS

JUNE 2, 2020

The world of payments processing will be a very different place by the end of 2020 than it was at the beginning — one where securing transactions will take on a new priority for merchants and consumers alike. As consumers headed online en masse, the fraudsters surely followed, Sevounts said. The Experience Is Everything.

Compliance 55

Compliance Authentication Push-to-Card Fraud Prevention 55

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

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 9, 2020

The surge in interest has challengers and other financial institutions (FIs) moving quickly to secure positions. Meanwhile, the open banking ecosystem is healthy and growing – but security is a paramount concern during this time of massive transitions. ” Securing That Which Is ‘Open’. No pressure.

AML 52

AML MFA Authentication Verification 52

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

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

Fintech Finance

JUNE 5, 2024

With this solution, emerchantpay’s merchants can leverage this new payment option to allow customers to instantly connect to their online banking environment at checkout for a secure and frictionless payment experience. By simply logging into their bank accounts to complete the payment, customers can swiftly complete transactions in seconds.

Payments 52

Payments Consumer Authentication SWIFT Service Provider 52

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

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

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. They have to verify payment instruments through third-party tools and a security system.”.

Verification 74

Verification Facilitators Funds Transfer Consumer Authentication 74

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

FICO

FEBRUARY 16, 2023

By using this contactless payment method, consumers can take advantage of tokenization and encryption of card details, making it much harder for criminals to capture sensitive card information. Her roles have included developing a consumer authentication solution for Experian and managing credit and identity theft management applications.

Compromise 98

Compromise Debit Card Scams Smishing 98

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. Sealing It.

Law Enforcement 52

Law Enforcement Fraud Detection Bots Phishing 52

PYMNTS

AUGUST 15, 2018

Secure payments enabler EMVCo has announced the launch of the full EMV 3-D Secure (EMV 3DS) Test Platform. The platform allows 3DS product providers to confirm that their solutions will perform in accordance with the EMV 3-D Secure Protocol and Core Functions Specification v2.1.0, or its EMV 3-D Secure – SDK Specification.

EMV 40

EMV Authentication Card Issuer Issuers 40

PYMNTS

OCTOBER 14, 2019

Recent scandals involving Deutsche Bank and Swedbank have made consumers reconsider their trust in FIs, many of which are scrambling to keep fraudsters out and bring consumers back. Part of the problem is that money laundering controls are easier for fraudsters to anticipate than security measures for other cybercrimes.

AML 43

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

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

PYMNTS

MARCH 22, 2016

And because no one can truly keep up with the pace at which innovation across all sectors is occurring, securing those innovations is a challenge. It’s about authentication, authentication, authentication.” Securing identity should be at top of mind — all, of course, while keeping consumer privacy in mind.

Cybersecurity 41

Cybersecurity Authentication Security Innovation 41

PYMNTS

JUNE 25, 2019

Retailers have taken app-based mPOS technology, improved security measures and put them all together into “intelligent retail solutions that have had automation at the core,” he said. Authentication need be done only of something goes wrong. The Path To Not Take — And A Roadmap, Too.

Automation 50

Automation Contactless Payments AI Authentication 50

PYMNTS

SEPTEMBER 18, 2017

They keep how they collect all the data they have on consumers a secret, locked inside an opaque black box that consumers have to pay to open if they want to see inside more than once a year. I think we all know the answer to that question now.

Regulations 81

Regulations CFPB Database Consumer Financial Protection Bureau (CFPB) 81

PYMNTS

NOVEMBER 30, 2017

One of those challenges is ongoing discussions over some guidelines within the regulation, Deutsche Bank noted, particularly those pertaining to fraud reporting and security. The only way to obviate these difficulties is to start implementing the third-party interface and strong customer authentication as soon as is possible.”.

Regulations 43

Regulations Rules Compliance Consulting 43

PYMNTS

SEPTEMBER 11, 2017

People can use [Sapphire] to validate information, correlate information to prediction services and then, if they want to, step up and do secondary authentication with physical documentation,” he said. The single API means its customers can validate their consumers’ personal identification information without having to use multiple vendors.

Verification 53

Verification Social Security Addressing Returns 53

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. Ensuring fraud and security protection Just as when receiving instant payments, accepting instant payments does not leave banks much time to identify and stop fraudulent transactions.

FedNow 59

FedNow Instant Payments Disputes Federal Reserve 59

PYMNTS

MARCH 14, 2019

14, bringing requirements related to strong consumer authentication and other tasks designed to establish a secure, Open Banking environment. This has “info security, privacy and legal teams inside companies pulling in different directions.”. However, that’s only the foreshadowing. The bigger deadline comes on Sept.

Privacy 75

Privacy Online and Mobile Banking Regulations Innovation 75