PYMNTS

NOVEMBER 14, 2019

Consumers have come to expect specific services and features from their banks. Specifically, banks are failing to enab le the authentication controls that consumers want in their mobile banking apps. Only five out of 10 consumers have access to banking apps that provide this option, though. In fact, 80.8

Authentication 40

Authentication Mobile Banking Consumer Checks 40

PYMNTS

SEPTEMBER 13, 2019

Rampant data breaches have left consumers on edge about digital fraud. In fact, recent PYMNTS research shows that most consumers believe they can do a better job of identifying and protecting themselves against fraud than their FIs, with 71.2 Despite widespread demand for greater mobile banking authentication controls, only 39.9

Consumer 66

Consumer Authentication Mobile Banking On-Demand 66

FICO

JANUARY 31, 2019

Payment Service Providers are pushing to implement their PSD2 Strong Customer Authentication (SCA) solutions ready for the September deadline. Do Consumers Know About PSD2? However, a significant minority were completely unaware that they could expect to see more demands for authentication.

Authentication 40

Authentication Consumer Online and Mobile Banking Push-to-Card 40

FICO

JULY 27, 2020

As consumers, most of us still consider facial recognition the current state of the art for authentication. Here’s why it matters: Authentication is used for a lot more than unlocking your phone. The Case for Multi-Factor Authentication. But soon your voice and the rest of your fingers will be involved, too.

Authentication 52

Authentication Online and Mobile Banking Non-Bank Enrollments 52

PYMNTS

JANUARY 21, 2020

Though many banks may be betting big on advanced technology to help them in the fight against financial fraud, their customers would feel more secure if they were given more control over their banking apps’ authentication processes. Yet, the benefits of adding authentication controls go well beyond providing a hypothetical feeling of safety.

Consumer 60

Consumer Authentication Transactions Security 60

PYMNTS

NOVEMBER 30, 2018

This increased focus on speed is creating a wide range of opportunities for consumers and companies alike, but also opening up new chances for digital fraudsters to wreak havoc on consumer systems. To read the full story, download the November Digital Fraud Tracker. About The Report.

Authentication 74

Authentication Fraud Prevention Cybersecurity AI 74

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

Fintech Finance

OCTOBER 15, 2024

The survey of 4,000 consumers and 2,000 merchants also revealed: Merchants are much more confident about the future than consumers A third of merchants forecast a positive business outlook for next year; yet nine in ten consumers expect to spend either the same or less.

Mobile Payments 84

Mobile Payments Push-to-Card Payments Contactless Payments 84

Stax

JULY 9, 2024

In 2019, 77% of US consumers were using at least one type of digital payment system. What has grown more significantly is the number of electronic payments and alternative payment methods consumers now use. The adoption of digital payment systems in the US has grown, with 78% of consumers using at least one type by the end of 2020.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

Fintech News

SEPTEMBER 17, 2024

SFV will be used in high-risk scenarios to complement existing authentication methods during DT setup. Customers without a Singpass account are advised to register and download the Singpass app beforehand. This is important as the digital token will be used as a factor to approve subsequent transactions.

Verification 89

Verification Scams Financial Crimes Phishing 89

PYMNTS

JUNE 25, 2020

Banks are leveraging multi-factor authentication (MFA) and machine learning (ML) to protect these systems, but customers fear this may not be enough. For more on these and other financial crime news items, download this month’s Playbook. Building Consumer Trust With Open Banking Security.

Financial Crimes 91

Financial Crimes MFA Federal Trade Commission Crime 91

PYMNTS

JUNE 27, 2017

Changing consumer spending and ever-evolving technological capabilities means that authenticating customers is an always shifting process. Despite demand from both consumers and corporations for a shift, passwords remain the most commonly used authentication credential — but their reign may be about to end.

Authentication 47

Authentication Online and Mobile Banking Credential Security 47

PYMNTS

MARCH 6, 2020

These solutions can spare departments from creating multiple data copies for different teams, an often time-consuming process that adds room for error, and instead can enable departments to seamlessly connect with a single information repository. . Oversight And Authentication.

API 52

API Authentication Security Payment APIs and Integration 52

PYMNTS

JUNE 8, 2020

Interest in such capabilities is growing during the COVID-19 pandemic, with consumers and business owners relying more heavily on remote services amid stay-at-home mandates. Tightening Authentication. percent between 2019 and 2026, hitting $43.2 percent “less likely to be compromised.”.

Authentication 60

Authentication MFA Phishing Scams 60

PYMNTS

JANUARY 16, 2019

For consumers, working with various institutions — such as banks, government agencies and medical systems — often means remembering just as many account passwords for accessing the services, and authenticating their digital identity (ID). Around The Digital Identity World. How Dolly Keeps Movers, Customers In The Feedback Loop.

Authentication 55

Authentication Verification Blockchain Risk 55

PYMNTS

JUNE 28, 2017

That may be all well and good for the young consumers themselves. But those changes in spending habits are causing friction for those charged with ensuring that consumers are who they claim to be. But the bigger challenge is identifying and authenticating new customers as they open bank accounts. Focusing on mobile millennials.

Authentication 43

Authentication Online and Mobile Banking Real Time Payments Security 43

Nanonets

OCTOBER 1, 2024

Setting up the NetSuite API Before you can start creating sales orders using the NetSuite API, you'll need to set up your account access and ensure proper authentication. Under the SuiteCloud tab, ensure that REST Web Services and Token-Based Authentication are enabled. Here's how you authenticate using OAuth 1.0:

API 52

API Payment APIs and Integration VARS Authentication 52

PYMNTS

JUNE 14, 2017

Online fraud is no small problem for merchants, but a significant number of retailers do not spend enough time on the dual goals of streamlining the consumer data experience while weeding out possible fraudulent transactions. Are they concerned that additional steps in authentication will result in shopping cart abandonment?

Consumer 58

Consumer Authentication Account Takeovers Compromise 58

Fintech Finance

OCTOBER 9, 2024

ACI’s annual Unwrapping Checkout Trends report provides merchants and acquirers with essential insights on payment trends, spending and fraud predictions, and actionable ways to maximize secure and authentic conversions.

BNPL 92

BNPL Volume AI Alternative Payment Methods 92

PYMNTS

OCTOBER 8, 2020

Merchants and consumers alike are placing greater emphasis on digital connectivity during the pandemic, prompting retailers to support swift and smooth onboarding processes that appeal to new users. Consumers do not expect to have to choose between speed and security, however. Balancing Seamlessness And Security.

Verification 83

Verification Multifactor Authentication Authentication Online and Mobile Banking 83

PYMNTS

MAY 24, 2017

This all comes as no surprise to Brett McDowell, who is working with a team of corporations in verticals from financial services to software to take human error out of the authentication equation, as part of the FIDO Alliance. Consumers are notoriously bad at keeping their own security secrets, well, secret.

Authentication 40

Authentication Credential Ransomware Phishing 40

The Fintech Times

SEPTEMBER 21, 2024

Current plans outline that Singpass Face Verification (SFV) will be used in higher-risk scenarios to strengthen and complement existing authentication methods for DT setup. Customers who do not have a Singpass account may register for one and download the Singpass app before setting up their DT.

Verification 72

Verification Scams Financial Crimes Crime 72

PYMNTS

JUNE 27, 2017

JB: Generally, people underestimate how long widespread consumer adoption of new technology can take. A perfect example of that in the payments space is the slow consumer adoption of Apple Pay, Google Wallet and many other mobile payment technologies.

Innovation 58

Innovation Verification AML Money Laundering 58

PYMNTS

NOVEMBER 13, 2020

Digital identity solutions have become increasingly widespread in recent years as alternatives or supplements to old-fashioned authentication methods like passwords. Multifactor authentication (MFA) and biometric scans are quickly becoming the norm in numerous fields, including online accounts for banks and other businesses.

Multifactor Authentication 97

Multifactor Authentication MFA Verification Online and Mobile Banking 97

PYMNTS

JUNE 3, 2016

Biometrics were a popular area of development this month, as numerous companies introduced authentication solutions powered by this innovative technology. The May edition of the Tracker features news from throughout the online authentication space, as well as an updated directory profiling 74 players. About the Tracker: .

Authentication 40

Authentication Security Data Security Technology 40

PYMNTS

SEPTEMBER 13, 2018

Consumers prefer speed, convenience and ease of use over security — even when it comes to accessing financial services online. As many as 71 percent of financial consumers reported being satisfied with an authentication method if it was easy to use, while 62 percent like authentication methods that are convenient.

Security 59

Security Identity Theft Authentication Verification 59

PYMNTS

AUGUST 7, 2019

Sharing economy platforms have permeated every aspect of consumers’ lives. Overall, some 111 million consumers use some type of sharing economy platform to enhance their day-to-day life. Unfortunately, many sharing economy platforms’ verification and authentication processes are poorly equipped to combat the growing risk of fraud.

Economy 73

Economy Verification Authentication Accounts 73

Nanonets

SEPTEMBER 11, 2024

Setting up the NetSuite API Before you can start creating vendor bills using the NetSuite API, you'll need to set up your account access and ensure proper authentication. Under the SuiteCloud tab, ensure that SOAP Web Services and Token-Based Authentication are enabled. Here's how you authenticate using OAuth 1.0:

API 52

API Payment APIs and Integration Authentication VARS 52

Stax

JULY 11, 2024

A good chunk of consumers use Apple Pay for online purchases. According to Statista , in 2024, 60% of consumers have use Apple Pay at the point of sale (in physical locations) while 38% use it online. How Apple Pay works for consumers Many consumers are fans of Apple Pay because it provides a convenient and secure way to make payments.

Credit Cards 88

Credit Cards Contactless Payments Security Authentication 88

PYMNTS

NOVEMBER 9, 2018

In the latest Omni Security And Authentication Report , PYMNTS explored the different tactics cybercriminals are deploying this holiday season, and how retailers are working to safeguard themselves. Around The Security And Authentication Space . To read the full feature story, download the latest report here. About The Report.

AI 76

AI Authentication Account Takeovers Cybersecurity 76

PYMNTS

SEPTEMBER 11, 2018

Rather, those are questions central to the development of digital identities and social authentication, making them important for the broader practice of online payments and eCommerce. adult consumers said they deleted the Facebook app from their smartphone. As consumers reconsider Facebook, mobile apps are becoming more intrusive.

Privacy 58

Privacy Consumer Online and Mobile Banking Fraud Prevention 58

PYMNTS

MARCH 24, 2020

percent of consumers who use these apps are dissatisfied with them. This was just the first of many questions PYMNTS examined in the Consumer-Centric Authentication Playbook: The Path To Banking App Adoption Edition , in collaboration with Entersekt. percent, 25.5 percent and 28.9 This is the case for 34.8

Authentication 60

Authentication Consumer Mobile Banking Retail Payments 60

The Fintech Times

APRIL 3, 2024

As time passes, consumers are seeing the number of embedded finance offerings increase across the wide range of products and services they use. This trend is transforming traditional business models by integrating financial services into non-financial platforms, thereby offering a seamless experience to consumers.

Embedded Finance 126

Embedded Finance Finance Non-Bank Embedded Payments 126

PYMNTS

JANUARY 25, 2019

In the January PSD2 Tracker , PYMNTS examines how money movement and data flow are getting an upgrade with PSD2, as well as how the upcoming SCA regulation is bound to affect user authentication. PSD2 may have a greater effect on payments, even outside the EU, as consumers all over the globe are clamoring for more data security.

Authentication 78

Authentication Privacy User Authentication Regulations 78

PYMNTS

MARCH 10, 2020

Digital identity solutions are becoming more and more commonplace, especially as consumers grow increasingly aware of the weaknesses of authentication methods like passwords. For more on these and other digital identity news items, download this month’s Tracker.

Contactless Payments 109

Contactless Payments Authentication Law Enforcement Cross-Border 109

PYMNTS

SEPTEMBER 14, 2020

Failing to properly authenticate students could delay their enrollment and improper authentication during onboarding could also open up universities’ online portals to fraudsters. Georgetown University, for one, is augmenting its onboarding process via a mobile application that students are required to download onto their phones.

Online and Mobile Banking 61

Online and Mobile Banking Authentication Adjustments Returns 61

PYMNTS

DECEMBER 24, 2018

But in hopes of hopping on the holiday bandwagon — and providing data-backed insight in the hottest payment trends for 2019 — allow us to offer this list of a dozen ways that consumers (and some businesses) are paying now, methods that promise to play big roles in 2019. So, how will consumers (and some businesses) pay? #1:

Consumer 83

Consumer Online and Mobile Banking Debit Card Volume 83