Payments Dive

JULY 6, 2016

MagnePrint is a dynamic card authentication technology based on the unique physical properties of the magnetic stripe, also referred to as the stripe’s digital identifier.

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Authentication Credential Technology 60

VISTA InfoSec

MAY 12, 2024

Encourage the use of Two-Factor Authentication (2FA) Decades of experience show that passwords only provide a small amount of security. Implementing 2FA adds an extra layer of security to a POS system by requiring users to prove their credentials through other means such as one-time passwords on other devices or through biometrics.

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PCI DSS Security Compromise Best Practices 245

Fintech News

JULY 9, 2024

The digital token will authenticate logins without requiring an OTP, which can be stolen or tricked from customers by scammers. Those who have not yet activated their digital tokens are encouraged to do so to reduce the risk of credential phishing.

Phishing 106

Phishing Scams Online and Mobile Banking Credential 106

The Paypers

MARCH 27, 2019

has granted a patent for a technology to authenticate identity and credential information online. (The Paypers) ID.me

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Credential Authentication Technology 28

Braintree

AUGUST 26, 2019

Braintree has supported SMS and authenticator app two-factor authentication in the Control Panel since 2015. Two-factor authentication is a crucial tool for helping protect merchants from unauthorized account access, typically by requiring a time-sensitive code during sign in.

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Authentication Phishing Account Takeovers Breach 52

PYMNTS

OCTOBER 23, 2018

The world might be growing smaller and more connected, but regulations and authentication methods can create issues for international businesses looking to expand globally. In the latest Digital Identity Tracker , PYMNTS takes a look at digital identity credential developments around the world. to the U.K. Around The Digital ID World.

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Authentication Rules Credential Government 53

Paymerang

APRIL 15, 2024

The authentication of the user is managed by Microsoft Azure. SimplyAP stores only the “UserID” and does not store any user credentials. The user will need to be granted access to the SimplyAP Azure application to access to SimplyAP. A SimplyAP administrator may navigate to SimplyAP Administration for user management.

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Credential Authentication 52

VISTA InfoSec

FEBRUARY 25, 2024

They take advantage of vulnerable software, stolen credentials, tricked employees, business partner access, unencrypted transfers, and even insider threats to penetrate networks. Skilled hackers use sophisticated tools to exploit the slightest weakness in defenses.

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Data Breach Breach Multifactor Authentication Cybersecurity 223

PYMNTS

OCTOBER 19, 2017

In addition to the potential liability that issuers and merchants may face if stolen credentials or identities are used online, breaches only further fuel consumer concerns over whether – or how – to use their payments credentials securely in an increasingly digital world. And for good reason. Removing The Burden.

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Authentication Payment APIs and Integration Credential Use Case 58

Fintech News

SEPTEMBER 17, 2024

SFV will be used in high-risk scenarios to complement existing authentication methods during DT setup. It will verify a customer’s identity against national records using a face scan before activating their DT, making it significantly harder for scammers to hijack accounts using stolen credentials.

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Verification Scams Financial Crimes Phishing 108

PYMNTS

NOVEMBER 24, 2020

This is leading many to utilize two-factor authentication (2FA) methods to safeguard customers’ personal information. The company recently announced that it would allow its customers to sign in to their accounts using SMS-based 2FA, with customers supplying their credentials as well as codes sent to them via third-party app or text message.

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Authentication Consumer Online and Mobile Banking Verification 108

The Fintech Times

DECEMBER 18, 2023

They predict that social engineering attacks will surpass ransomware in 2024 due to increased sophistication, AI tools and emerging techniques, leading organisations to bolster cybersecurity defences with AI, scenario testing and multi-factor authentication.

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Cybersecurity Ransomware RDC Credential 139

PYMNTS

JULY 10, 2020

Fraudsters who manage to gain access to customers’ banking profiles in this manner can then set new usernames and passwords, Leblond explained, allowing them to leverage those credentials to tap into the accounts whenever they want while locking out legitimate users. Customer-Centric Authentication. Invisible Security.

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Multifactor Authentication Authentication Credit Union Fraud Prevention 53

VISTA InfoSec

JUNE 27, 2024

A joint investigation by Mandiant, Snowflake, and CrowdStrike revealed that Sp1d3r tracked as UNC5537, used stolen customer credentials to target at least 165 organizations that had not enabled multi-factor authentication (MFA) on their accounts.

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FBI Breach MFA Cybersecurity 130

PYMNTS

APRIL 6, 2017

By solving the identity problem and centering the ecosystem around the individual and not the enterprise, Hall said it can create silos of people being in charge of their own data and authenticating themselves in a trusted way. When people use “multi-factor authentication,” it can often mean different things.

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Authentication Verification Credential Identity Theft 48

Fintech Finance

AUGUST 29, 2024

They use device-based biometric authentication methods such as fingerprints or facial scans, but for an entirely new purpose: to streamline online shopping experiences. To confirm the payment, users can use the biometric authentication mechanism features on their device – whether it’s a fingerprint, face scan or PIN.

Visa 105

Visa Security Authentication Payments 105

PYMNTS

OCTOBER 24, 2018

For Tern Commerce, clearing those hurdles previously meant manually reviewing identity documents and other credentials, which is both expensive and time-consuming. This pushed Bonkowski and his team to explore digital authentication solutions to protect its global user base. Onboarding Global Consumers. Protecting Purchases.

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Authentication Push-to-Card AML Debit Card 66

PYMNTS

JULY 13, 2020

Bad actors attempting ATOs seek to gain control of victims’ bank accounts without alerting FIs, and they therefore aim to obtain the login credentials necessary to smoothly move through FIs’ authentication measures. This is a serious problem, as ATOs reportedly led to $4 billion worth of losses in 2018.

Credential 58

Credential Bots Authentication Online and Mobile Banking 58

The Fintech Times

JUNE 8, 2024

The Deposit Switch solution leverages Atomic’s TrueAuth technology, which enables consumers to link to their payroll provider without having to share credentials with third parties. This solution also uses TrueAuth technology from Atomic, to authenticate directly with each provider and update the payment credential on file.

Visa 69

Visa Payroll Direct Deposit Credential 69

PYMNTS

APRIL 12, 2017

Identity company MorphoTrust USA looks to put a dent in tax fraud and theft by adding an additional layer of authentication security into the mix. Users register to receive a credential and verify their identity with a photo of their driver’s license and by taking a selfie. MorphoTrust’s eID works via mobile app.

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Authentication Tax Refunds Tax Scams Credential 40

PYMNTS

JUNE 8, 2020

Tightening Authentication. FIs must use highly secure methods to authenticate customers’ identities and make it difficult for cybercriminals that manage to steal customer information to pass themselves off as legitimate customers. MFA requires customers to prove their identities by providing at least two types of credentials.

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Authentication MFA Phishing Scams 60

Fintech Finance

SEPTEMBER 25, 2024

After entering their registered credentials and authenticating via a one-time password, SMEs can then access and immediately use a variety of digital payment options. Signing up is simple. Business owners can use their KaiOS-powered phone to enroll.

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Visa Economy Digital Payments Enrollments 97

CB Insights

FEBRUARY 20, 2017

This year, multi-factor authentication is one increasingly hot area within the cybersecurity industry. Multi-factor authentication (MFA) is a security protocol that requires more than one unique credential to verify a user’s … Continued. Cybersecurity companies saw a record number of deals last year.

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Cybersecurity Authentication MFA Credential 46

PYMNTS

MARCH 22, 2019

The following Deep Dive examines authentication challenges that can hamstring seamless digital experiences, and how consumers’ digital personas evolve as they interact with merchants on multiple channels. Biometric authentication capabilities built into smartphones allow users to secure the information related to these personas, too.

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Authentication Legal ISOs Governance 60

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. Because once hackers get their hands on the information, it’s already too late to stop them. No Password, No Cry? .

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Authentication Credential Ransomware Phishing 40

NFCW

NOVEMBER 28, 2023

The university has launched the digital version of its YU-card for all incoming students as part of an overall transition to mobile credentials that “for an institution of York’s size […] eliminates approximately 400 kilograms of plastic and polyvinyl chloride consumption per year”, the institution says.

Credential 52

Credential Authentication Security 52

Payment Savvy

MAY 10, 2024

The process is straightforward: you select your financial institution, provide your login credentials, and confirm the necessary security details to share the required data. With Plaid acting as the intermediary, your sensitive login credentials never get shared directly with Venmo, enhancing the security of your financial information.

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Payment APIs and Integration Venmo Privacy Credential 52

PYMNTS

MARCH 27, 2017

Just recently, Instagram joined the ranks of other social networks that allow their users to enable two-factor authentication. Security experts recommend that all users activate two-factor authentication options whenever possible. On Instagram, for example, users can opt into two-factor authentication in their settings.

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Authentication Phishing Scams Credential 41

PYMNTS

JUNE 12, 2019

Compromised credentials are one of the most common causes of security breaches. The technology is FIDO2 compliant, which means that it’s a secure and accommodating standard that lets different devices using different operating systems talk to each other for authentication. “On

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Authentication Phishing Bots Credential 49

The Paypers

DECEMBER 20, 2018

(The Paypers) Nxt-ID has delayed its assets spin-off, including its payment, authentication, and credential management business into an independent publicly traded company.

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Authentication Credential Payments 28

PYMNTS

MARCH 27, 2019

All the action on the legalized gambling front is putting authentication and verification services under a bigger spotlight – and making them major players in this growing area of digital payments and commerce. In other areas of retail, there are more backend safeguards when it comes to authentication.

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Authentication Verification Money Laundering Regulatory Compliance 46

PYMNTS

AUGUST 30, 2016

If that weren’t enough, its unique “thump-thump” beating sound can now also authenticate a user on a Windows PC or even pay for a purchase, thanks to wearable biometric authentication technology from a company called Nymi. What we’re working to deliver is persistent authentication,” Martin told PYMNTS.

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Authentication Credential Security Use Case 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. SFV scans a customer’s face to verify their identity against national records before the customer’s DT can be activated for use.

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Verification Scams Financial Crimes Crime 72

PYMNTS

JUNE 6, 2019

Security experts are warning about a phishing scam that can help hackers bypass two-factor authentication (2FA). It showed how the scam uses two new tools, Muraena and NecroBrowser, to potentially trick users into sharing their private credentials.

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Scams Credential Security Phishing 58

The Fintech Times

JUNE 26, 2024

Snowblind specifically targets banking apps by exploiting accessibility services, allowing cybercriminals to steal login credentials and hijack banking sessions for unauthorised transactions, leading to financial loss.

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Security Cybersecurity Credential Compromise 111

The Paypers

OCTOBER 10, 2018

(The Paypers) HYPR , an authentication solution provider, has published a white paper, arguing in favour of decentralised authentication and password-less security.

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Credential Authentication Security 28

The Paypers

JANUARY 31, 2018

(The Paypers) ATB Financial has joined SecureKey Concierge, an authentication network for connecting people to critical online services using the secure banking credentials they already have and trust.

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Authentication Credential Security 28