Stax

JULY 16, 2024

As more consumers gravitate online, they risk putting more sensitive authentication data and financial information on the internet. The best way to protect data as it is being transmitted over a network, especially one that is public and open, is to encrypt it. Unfortunately, personal data is most sought-after by criminals.

PCI DSS 88

PCI DSS Compliance Credit Cards Encryption 88

Segpay

SEPTEMBER 24, 2024

For authentication, customers are redirected to their familiar online banking portal or mobile banking app. They can then log in using their online banking credentials, such as their username and password, or through biometric authentication (fingerprint, iris, etc.). The customer can select their preferred bank from that list.

Accounts 98

Accounts Online and Mobile Banking Payments Authentication 98

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.

Payment APIs and Integration 52

Payment APIs and Integration Venmo Privacy Credential 52

PYMNTS

MARCH 24, 2016

“Encryption is one of the best ways to protect data. With respect to payments specifically, where the encryption of payment information is a vastly different issue than the encryption of communication channels, the balance of having both security and privacy may be more achievable. Department of Justice has demonstrated.

Encryption 41

Encryption Compromise Privacy Credential 41

PYMNTS

OCTOBER 13, 2016

had discovered weaknesses in Experian’s and myFICO’s applications, which had not been using proper authentication methods when connecting to their services. This had allowed attackers to intercept user login credentials. TLS is a security protocol that ensures encrypted data when communicating over the internet.

Credential 70

Credential Encryption Security Authentication 70

PYMNTS

JANUARY 12, 2020

For example, when one uses Google Autofill, a prompt to fill in the saved password simply appears without any kind of authentication that would only let the user log in. The move, according to Android Central , will attempt to address concerns that Google’s password protection has often been less secure than it could be.

Security 55

Security Authentication Credential Encryption 55

Stax

JULY 9, 2024

Encryption techniques ensure that payment data is transmitted securely between parties, making it difficult for unauthorized individuals to intercept or access sensitive information. Biometric authentication Biometrics can seem a bit daunting, but most people are already using this technology to open their phones dozens of times each day.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

EBizCharge

OCTOBER 25, 2023

Phishing attacks trick individuals into disclosing their login credentials or other sensitive information through deceptive emails or websites. Social engineering Social engineering can occur when attackers gain access to a system or network by convincing users to provide credentials.

Best Practices 52

Best Practices Data Breach Breach Phishing 52

The Fintech Times

MARCH 6, 2024

Thus, it’s vital to strike a balance between providing an excellent customer experience and ensuring confidence in transaction authentication and decisioning. Regulations, particularly those related to tokenisation, data localisation, strong customer authentication, and the EU, continue to be areas of our focus.

Digital Payments 64

Digital Payments Innovation Security Issuers 64

Exact Payments

JANUARY 4, 2024

Network hardware and software, like routers and firewalls, often come with pre-set credentials, making it easy for cybercriminals to breach your network’s security. Encryption and tokenization, the process of replacing sensitive data with a non-sensitive token, should be employed to ensure data security.

PCI DSS 52

PCI DSS Compliance Audit Encryption 52

Fi911

JULY 8, 2024

Account Takeover Fraud Account takeover fraud involves cybercriminals gaining unauthorized access to a victim’s online account, often through the use of stolen login credentials or phishing schemes. Once they have control, fraudsters can make unauthorized transactions, change account details, and steal sensitive information.

Account Takeovers 95

Account Takeovers Fraud Detection Phishing Fraud Prevention 95

PYMNTS

SEPTEMBER 26, 2016

Authentication methods for payments networks, such as SWIFT, or P2P money transfer apps are still not completely secure. Even banks sending and receiving encrypted data must prove their identity to access the data, and some of these methods are weak.

Online and Mobile Banking 78

Online and Mobile Banking SWIFT Credential Central Bank 78

Fintech News

APRIL 22, 2024

Phishing scams employ social engineering tactics to trick users into revealing login credentials, allowing attackers to hijack accounts. It analyses the authenticity of apps, and allows businesses to flag or block suspicious links or messages, preventing users from falling victim to these deceptive tactics.

Phishing 92

Phishing Security Blocks Cybersecurity 92

Seon

JUNE 15, 2023

Despite its versatility, BEC invariably involves the misuse of compromised login credentials, with the aim of accessing sensitive information located in various business accounts (not just email inboxes – fraudsters also target intranet documents, HR records, and plenty of other sensitive archives). Let’s take a look at some of the key ones.

Email Compromise 52

Email Compromise Compromise Business Email Compromise Risk 52

PYMNTS

FEBRUARY 28, 2020

“The number-one thing that we see is compromised credentials from another service being used against us,” he explained. That works when users reuse passwords across different services, and they don’t have two-factor authentication turned on. … I think what you see on Dropbox is not unique to us. Round Two: Education.

Credential 52

Credential Phishing Fraud Prevention Best Practices 52

PYMNTS

APRIL 13, 2017

But the transition to stronger authentication measures has largely been uneven. For the most part, strong authentication measures have been largely leveraged by governments and a few major financial institutions, said Richard Parris, founder and CEO of Intercede , a U.K. Paris gave the timely example of U.K.

Authentication 40

Authentication Credential Law Enforcement Encryption 40

PYMNTS

MAY 21, 2018

TeenSafe assures parents that the app “employs industry-leading SSL and vormetric data encryption to secure your child’s data. Your child’s data is encrypted — and remains encrypted — until delivered to you, the parent.”. None of the records contained content data, and one of the servers appeared to store test data.

Encryption 43

Encryption Data Encryption Duplicate Credential 43

Segpay

OCTOBER 17, 2024

This approach typically involves user-specific credentials and identity checks. Advanced authentication methods such as biometric age verification (e.g., How It Works Users must create accounts on websites or apps, providing personal information including their date of birth.

Verification 93

Verification Privacy Laws Compliance 93

PYMNTS

SEPTEMBER 30, 2019

There are, of course, individuals who want to steal money, find financial information and steal credentials, he said. As he noted, North Korea, acting as a singular cyberthreat, will do what it can to gain access to and compromise the credentials of foreign organizations with money ­— and, in turn, gain access to that money, of course.

Cybersecurity 65

Cybersecurity Credential Encryption Phishing 65

PYMNTS

NOVEMBER 18, 2020

The company confirmed in the post that while its customer’s assets are secure, personal contact information and encrypted passwords might have been compromised in the attack. “We Liquid detected and contained the attack, which occurred Friday (Nov. 13), according to the post, and was able to “mitigate risk to customer accounts and assets.”

Bitcoin 60

Bitcoin Compromise Cryptocurrency NOV 60

PYMNTS

SEPTEMBER 4, 2018

Meanwhile, DadeSystems tackled user authentication with single sign-on (SSO) technology that allows their clients’ staff to use their existing credentials to log into the company’s mobile app. This month, startups such as Modo took on relationships between banking systems and emerging payment systems. DadeSystems.

User Authentication 40

User Authentication Authentication NACHA Payments 40

Segpay

JUNE 25, 2024

Authentication : Customers are redirected to their familiar online banking portal or mobile banking app. They log in using their online banking credentials, such as their username and password, or through biometric authentication (fingerprint, iris, etc.). Most Austrian banks support EPS, which is widely accepted by merchants.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52

PYMNTS

AUGUST 17, 2018

With this in mind, DadeSystems ’ mobile app protects sensitive data with user access and encryption features geared toward the corporate market. DadeSystems — as one of two authentication options — offers a single sign-on that allows employees to access its app with the same credentials they use for their corporate apps.

Encryption 40

Encryption Checks Credential API 40

EBizCharge

JUNE 4, 2024

This process typically involves entering the payment gateway’s credentials into Acumatica and defining the types of credit card transactions your business will manage. Adhering to PCI DSS and employing advanced security measures like encryption and role-based access helps mitigate the risk of fraud and ensure compliance.

Credit Cards 52

Credit Cards Process Payment Gateways Best Practices 52

PYMNTS

MAY 31, 2018

The right data can create a profile so precise that algorithms can immediately tell the difference between a legitimate customer and a fraudster who is holding all the right credentials to pose as the person, just by detecting behavioral attributes like cursor movements and clicking habits. Cutting Out the Internet.

ATM 43

ATM Consumer Data Breach Credential 43

PYMNTS

OCTOBER 16, 2017

PCI tokens, encrypted card credentials held in vaults by processors, have been part of payments for years. Today, he told PYMNTS’ Karen Webster, consumers who sign up for an account online are prompted to register their card credentials: account number, expiry and CVV. Tokens are nothing new. But version 2.0

Issuers 40

Issuers Credential Online and Mobile Banking Authentication 40

PYMNTS

JUNE 4, 2018

By touching the mPOS, the customer identifies themselves as the owner of linked payment cards and credentials. Instead, the fingerprint populates a template that is hashed and encrypted on Touché’s database, and card information is tokenized. It allows customers to authenticate with a fingerprint in support of various payment methods.

Encryption 41

Encryption Visa Point-of-Sale (POS) Authentication 41

PYMNTS

FEBRUARY 13, 2020

DDLs stored on smartphones are protected by the phone’s encryption and their own anti-theft countermeasures, making digital ID potentially more secure than any other widely available form of identity verification. Digital driver’s license (DDL) programs are popping up in several U.S. Making Social Safe Again.

Verification 60

Verification Card Issuer Phishing Bots 60

PYMNTS

AUGUST 22, 2018

More than the standard form fill, a consumer might opt to store their payment credentials and billing/shipping information in a particular browser, through which they are prompted at checkout to use those stored credentials. The idea is that SRC will further a standard for secure transacting on the web via the mobile browser.

API 51

API Credential Push-to-Card Payments 51

PYMNTS

OCTOBER 26, 2016

I can’t tell my mom to go get a new maiden name,” Tinsley pointed out, emphasizing that, once that piece of authentication is compromised, there’s no going back. One piece of this more holistic picture is consumer presence as a factor of authentication, using biometrics, such as fingerprint, eyeball scan, etc., Going Beyond PCI.

Payment Security 81

Payment Security Security Identity Theft Compromise 81

Fintech Labs Insights

MAY 26, 2015

SayPay Technologies uses biometric authentication to give users an easy way to pay bills, checkout online, and log into their online banking website. At FinovateSpring 2015, the Pleasanton, CA-based startup announced a partnership with VoiceVault to leverage the biometric company’s ViGo product for voice authentication.

Authentication 27

Authentication Online and Mobile Banking Payment APIs and Integration Use Case 27

PYMNTS

OCTOBER 31, 2016

The challenge is authenticating a consumer across a landscape where that individual is actively opening accounts and performing transactions. Who is really in the best position to issue, and authenticate, the digital identity assigned to a consumer? For financial institutions, there’s reason to be concerned over digital identities.

Online and Mobile Banking 76

Online and Mobile Banking Verification Database Authentication 76

PYMNTS

JANUARY 27, 2020

Phishing attempts threaten many firms’ security operations, often tricking employees into revealing email addresses, login credentials, passwords or other sensitive details. Two-factor authentication (2FA) or encrypting sensitive data can also help. Fighting the Phishers. Ensuring Secure Workplace Practices.

Phishing 99

Phishing Data Breach Breach Fraud Prevention 99

Clearly Payments

JANUARY 8, 2024

The first step is implementing robust authentication processes, including multi-factor authentication, biometric verification , and tokenization , to enhance user access security. This includes limiting access based on job responsibilities, employing unique login credentials, and promptly revoking access for terminated employees.

Risk Management 66

Risk Management Risk PCI DSS Process 66

PYMNTS

AUGUST 21, 2019

All data transmission should be encrypted from the start, and manufacturers should handle regular software patches and updates. The biggest concern among IoT adopters is creating strong user authentications (43 percent). And many don’t think the onus should be on the consumer. The Corporate Perspective. Consumer Perception.

Security 66

Security Data Breach Encryption Breach 66

FICO

FEBRUARY 8, 2018

As I blogged last year : To protect against consumer financial fraud, there’s a lot of buzz now about using biometric information — fingerprints, iris and facial recognition, and other unique physical characteristics — to authenticate payment card transactions…. Like encryption, however, biometrics are not a silver bullet to stop hackers.

Security 65

Security Cybersecurity Authentication Account Takeovers 65

PYMNTS

MARCH 29, 2019

Consider the ride-hailing firm that needs to verify the credentials of a would-be driver (in another country) before adding them to the roster. In reference to security features beyond biometrics, the company has employed public and private key encryptions, as well as blockchain. That’s not easy.

Verification 68

Verification Authentication Cross-Border Risk 68