PYMNTS

FEBRUARY 13, 2020

For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off fraudsters, look no further than CAPTCHA. As any consumer who has ever cursed their way through a series of CAPTCHA tests can attest, they aren’t always that easy to solve. The Zero-Authentication Future.

Authentication 98

Authentication Bots Identity Theft Mitigation 98

The Payments Association

OCTOBER 28, 2024

Financial institutions that lag behind may face operational challenges and a reputational cost, as user experience and security increasingly drive consumer choices. At the same time, Click to Pay’s streamlined checkout process can help reduce cart abandonment rates, a win-win for consumers and merchants alike.

Card Issuer 88

Card Issuer Issuers Payment APIs and Integration Interoperability 88

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

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

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. Rings As Wearables.

Authentication 52

Authentication Consumer Use Case Consumer Authentication 52

PYMNTS

OCTOBER 23, 2019

Five years ago, a merchant might have been able to rely on consumers being patient with a digital commerce experience that was less than perfectly smooth. This means authenticating a consumer has turned into something of a tricky and delicate process. Building a More Zen Authentication Experience .

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

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

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

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

Fintech Finance

JUNE 5, 2024

The amount is instantly deducted from their bank account, simplifying personal financial management for consumers. 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

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

SEPTEMBER 28, 2020

consumers ages 30 to 39 reporting the most incidents but Americans aged 50 to 59 reporting the greatest losses.”. Strong consumer authentication comes in several forms, and it’s time to pick one. “A This fraud targets all demographics and generations, with U.S. Financial crime-fighters simply won’t suffer this state of affairs.

Financial Crimes 81

Financial Crimes Crime Due Diligence Federal Trade Commission 81

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

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. . Phones, however, have a unique potential.

Authentication 87

Authentication Consumer Data Breach Consumer Authentication 87

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. Banks should create dedicated customer service channels and clearly communicate the dispute resolution process to consumers.

FedNow 59

FedNow Instant Payments Disputes Federal Reserve 59

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

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

PYMNTS

JUNE 9, 2020

In PYMNTS’ most recent Navigating the COVID-19 Pandemic series, based on surveys of thousands of consumers and businesses over the duration, nearly 34 percent of respondents said they are “very” or “extremely” likely to consider a firm’s digital offerings when deciding where to spend their money. percent ‘less likely to be compromised.’

AML 52

AML MFA Authentication Verification 52

PYMNTS

JUNE 14, 2016

“We’re having a digital identity crisis in financial services, and it’s starting to get in the way of the access to payments and financial services that consumers and business that they interact with increasingly want and need.”. Instead, decision-makers must think across multiple pillars: consumer data, behavior, device and payment.

Authentication 42

Authentication Consumer Authentication Verification Online and Mobile Banking 42

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

FICO

FEBRUARY 16, 2023

This growth trend is concerning not only for the FIs, but also for the consumers whose card details and account information are impacted. Consumers: Pay Attention to Detail Fortunately, there are several specific actions that both FIs and consumers can take to minimize the impact of skimming.

Compromise 98

Compromise Scams Debit Card Smishing 98

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

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

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

JANUARY 26, 2021

He said increased sharing of account information through third-party apps supports consumers’ desires, but it is not without its risks. This provides consumers increased transparency and control over their payments, eliminating unintended overdrafts, and reducing fraud. This has resulted in some delays and consumer confusion.

Real Time Payments 109

Real Time Payments RTP RFP TCH 109

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. Developments From Around the Digital-First Banking World.

Online and Mobile Banking 88

Online and Mobile Banking Checks Consumer Authentication Audit 88

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 6, 2020

3, 2020, the California Consumer Privacy Act (CCPA) went into effect, ushering in the strongest consumer data protections in the U.S. 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).

Online and Mobile Banking 52

Online and Mobile Banking CCPA Regulations Consumer Authentication 52

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

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. FIs need AML strategies that can respond to these larger trends while maintaining quick service for businesses and consumers.

AML 43

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

FICO

NOVEMBER 30, 2022

Fraudsters are opportunistic, and lately they are (unfortunately) finding a lot of success by targeting consumers directly. Consumers are not as worried about APP fraud and scams as they are for other types of fraud, but awareness is growing. In the UK, it accounted for £249 million in consumer losses for the first half of 2022.

Scams 52

Scams Push-to-Card Fraud Prevention CashApp 52

PYMNTS

FEBRUARY 19, 2020

Bad people love Wawa , too – mostly for its large database of consumer information. 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. So very tasty.

Law Enforcement 52

Law Enforcement Fraud Detection Phishing Bots 52

FICO

APRIL 20, 2023

According to FICO’s latest survey of consumers from 14 countries around the globe, 90% of all consumers have sent a real-time payment, and at least 95% of consumers have used real-time payments in India , Indonesia , the Philippines , and Brazil. Throughout the countries we surveyed, RTP usage shows no signs of slowing.

Real Time Payments 52

Real Time Payments Scams RTP Payments 52