Payment Savvy

MAY 10, 2024

This powerful technology bridges the gap between your bank accounts and various digital financial tools. Plaid is a financial technology company that specializes in securely exchanging financial data between banks and third-party applications. The process begins when Venmo prompts you to input your online banking username and password.

Payment APIs and Integration 52

Payment APIs and Integration Venmo Privacy Credential 52

Clearly Payments

DECEMBER 18, 2023

The Continued Surge of Contactless Payments Contactless payments , facilitated by tap-to-pay cards, mobile wallets , and wearable devices, are set to maintain their upward trajectory. In 2024, they are anticipated to be used for over 40% of all online transactions in the U.S.

Payments Trends 102

Payments Trends Online and Mobile Banking Payment APIs and Integration Contactless Payments 102

PYMNTS

JULY 1, 2019

Mobile order-ahead apps are growing more popular by the day, and restaurants are clamoring to get on board. A QSR Magazine study found that 73 percent of diners have used mobile ordering, 63 percent have at least one mobile ordering app on their phones and 35 percent use mobile ordering every time they visit QSRs.

Account Takeovers 66

Account Takeovers Online and Mobile Banking Data Breach Credit Cards 66

PYMNTS

SEPTEMBER 4, 2019

In eCommerce and mobile banking, friction is a four-letter word, an interruption and annoyance — even a speed bump — on the path to transactions and getting things done. They want to protect some of their most valuable assets, such as their money and the payment credentials they use when accessing that money.

Online and Mobile Banking 44

Online and Mobile Banking Authentication Mobile Banking Breach 44

PYMNTS

DECEMBER 11, 2019

In today’s top news, policymakers at the European Central Bank (ECB) will meet to discuss the pros and cons of launching their own electronic currency. Also, open banking platform Token.io ECB President Touts Benefits of Central Banks Launching Crypto. Token’s M10 Networks Launches ‘Bank-Grade’ Digital Money Rail.

Central Bank 52

Central Bank Cross-Border Online and Mobile Banking Cross-Border Payments 52

PYMNTS

MAY 9, 2017

Mobile payments using biometrics to authenticate the user is forecasted to reach close to $2 billion in 2017, up from $600 million last year, according to new data from Juniper Research. What’s more, 90 percent said they think they would use biometrics for online payments in the future because they see it as a more secure method.

Mobile Payments 55

Mobile Payments Online and Mobile Banking Authentication Payments 55

PYMNTS

AUGUST 21, 2020

Digital banking is reaching unprecedented levels of popularity amid the pandemic, with 89 percent of American bank customers using mobile banking apps to manage their savings and checking accounts. Developments From Around The World Of Digital-First Banking. billion by 2024. billion by 2024.

Blocks 106

Blocks Identity Theft ATM Online and Mobile Banking 106

PYMNTS

OCTOBER 26, 2016

Similarly, the continued steady global increase in the use of mobile devices helped fuel the development and release of new tools to security companies, as well as access to richer, deeper user data. Mobile security on the move. But mobile devices offer more than just biometric protection. It’s EMV all over again.

EMV 76

EMV Security CHIPS Online and Mobile Banking 76

PYMNTS

SEPTEMBER 26, 2016

Gone are the days when bank robbers wore face masks and carried guns and dynamite to get into safes. Earlier this year, cybercriminals stole $81 million from the Bangladeshi central bank, and they also stole the trust that the SWIFT global payments network had built with its 11,000 users.

Online and Mobile Banking 78

Online and Mobile Banking SWIFT Credential Central Bank 78

PYMNTS

OCTOBER 12, 2018

The world can be a scary place these days, especially for banks. banks, and these attacks are increasing in both frequency and sophistication. Two-thirds of banks and 83 percent of FIs have experimented with the technology already. The Future Of Omnichannel Bank Security.

Security 76

Security Online and Mobile Banking Phishing Cybersecurity 76

PYMNTS

DECEMBER 7, 2017

If the definition of insanity is doing the same thing time and again and expecting different results, then perhaps the way we pay through, and interact with, online banking may have a hint of madness, or at least complacency. Layers of protection can help authenticate users who should be allowed to transact. It’s unlivable.

Security 40

Security Online and Mobile Banking Blockchain Credit Cards 40

Stax

MARCH 15, 2024

Because more credit card-oriented purchases take place online, security and fraud protection are top priorities. Businesses are converting to digital and online platforms to stabilize their profitability at this time. Two-Factor Authentication (2FA). These include: Passwords. Digital Certificates.

Process 88

Process Security PCI DSS Encryption 88

PYMNTS

OCTOBER 4, 2019

That does not mean older verification methods are obsolete, however: Many companies still rely on knowledge-based authentication (KBA) methods like passwords or security questions, even in areas like business lending — where stringent verification is crucial. The World Bank estimates that there are approximately 1.1

Checks 57

Checks Verification Authentication Governance 57

Payment Savvy

AUGUST 27, 2020

It is not a surprise that consumers today are making more online payments than ever before. Interestingly enough, research by PWC found that the number of consumers making mobile purchases increased from 7% to 17% from 2010-2017. Plus, it allows revenue to quickly and easily hit your business bank account. Mobile Payments.

Consumer 52

Consumer Online and Mobile Banking Direct Deposit Payments 52

PYMNTS

JUNE 10, 2019

The role of trust in the digital economy has become more visible and important, and it’s pretty much a given that few online or mobile-focused companies will scale and succeed without winning the trust of consumers and other participants in their specific ecosystems. The Role Of Trust.

Online and Mobile Banking 66

Online and Mobile Banking Authentication Data Breach Credential 66

FICO

NOVEMBER 25, 2019

With people spending more and more time on their mobile phones — an average of three hours and 15 minutes on their phones every day, with the top 20% of smartphone users spending upwards of four and a half hours — “everything mobile” is driving digital transformation. Voice Authentication Is Effective and Frictionless.

Authentication 52

Authentication Online and Mobile Banking Non-Bank Enrollments 52

PYMNTS

APRIL 14, 2017

The result of that effort is the company’s inaugural DataVisor Online Fraud Report, which analyzed more than 1 billion use4 accounts and 50 million malicious accounts to gain insights into what really makes fraudsters today tick. PYMNTS: What was the motivation behind starting the DataVisor Online Fraud report?

Account Takeovers 44

Account Takeovers Online and Mobile Banking Credential Compromise 44

PYMNTS

AUGUST 8, 2018

In its latest quarterly report , cybersecurity firm ProofPoint emphasized the continued reign of the bank Trojan — a strategy that accounted for 42 percent of the attacks analyzed by ProofPoint for the year’s second quarter. But the bank Trojan reigns supreme. Attackers then use that malware to access bank accounts.

Ransomware 44

Ransomware Phishing Email Compromise Online and Mobile Banking 44

PYMNTS

AUGUST 17, 2017

When it comes to open banking, there’s a clear choice in place: by fiat, which includes formal processes, or by evolution, which would imply letting the market dictate what happens. In an interview with PYMNTS’ Karen Webster, Clayton Weir, co-founder and chief strategy officer of FI.SPAN, revealed the promise and the peril of open banking.

API 76

API Online and Mobile Banking Credential NACHA 76

PYMNTS

NOVEMBER 1, 2017

Two years ago, when Samsung Pay entered the mobile payments scene, it did what Apple and Android a year before it had not: It made mobile payment capabilities at the physical point of sale (POS) more or less ubiquitous right out of the gate. But merchants without consumer adoption does not a mobile payments ignition strategy make.

Mobile Payments 56

Mobile Payments Online and Mobile Banking Payments Ubiquitous 56

PYMNTS

AUGUST 8, 2019

And that fact — shared by Cognito CEO Alain Meier during a recent PYMNTS interview centered around changes in digital ID – serves to show the weakness of knowledge-based authentication. “We Meier said there is serious pressure to move further away from knowledge-based authentication methods and even Social Security numbers.

Security 58

Security Verification Online and Mobile Banking Breach 58

FICO

DECEMBER 23, 2019

As a corollary to this speed, we have vested outsized amounts of trust in most or all of the companies we do business with online. Even the most aware and astute consumers can unwittingly give fraudsters financial credentials. Stay safe in your mobile world. How Fraud Could Happen to You. Just ask the 6.9 by TJ Horan.

Online and Mobile Banking 52

Online and Mobile Banking Credential Scams Irrevocability 52

PYMNTS

OCTOBER 30, 2018

They include business intelligence solutions like analysis and support for digitization, as well as supply chain management tools and access to small business loans via Alipay’s online bank MYbank. Earlier this month, Alipay said hackers had managed to steal money from some of its user accounts via stolen Apple ID credentials.

Online and Mobile Banking 53

Online and Mobile Banking Small Business Credential AI 53

PYMNTS

FEBRUARY 24, 2016

The online payments landscape is littered with abandoned shopping carts, passwords never remembered and frustrated consumers. Nearly four years after its founding, the Fast Identity Online Alliance (FIDO) has been making inroads into the payments landscape with a laser sharp focus on authentication that proves an online user’s identity.

Authentication 40

Authentication Security Online and Mobile Banking Credential 40

PYMNTS

OCTOBER 24, 2016

24) a host of new strategic partnerships to bring online payments capabilities to digital wallets users in the U.S. The agreements will allow Mastercard cardholders to use the mobile wallets to shop online at the hundreds of thousands of merchants around the world where Masterpass is accepted. Mastercard announced today (Oct.

Visa 73

Visa Online and Mobile Banking Interoperability Credential 73

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. SayPay offers voice-based authentication for three main use cases: bill pay, e-commerce checkout, and online banking login. 3) Online banking login.

Authentication 27

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

PYMNTS

DECEMBER 16, 2019

Armed with new tech, mobile devices, data and the cloud, they fast-tracked the shift from a largely analog world to the app-based economy of today. billion of whom have a mobile phone. In developed markets, 4G will move to 5G with 15 percent of mobile phones connected, and to 5G five years from now. Today, there are 7.3

Online and Mobile Banking 72

Online and Mobile Banking Credential Payments Economy 72

PYMNTS

OCTOBER 25, 2016

If you’re playing the slots in Vegas this week, there’s a good chance they’re coming up: Biometrics; EMV chip cards; Mobile security. He pointed to the recent security breach at Yahoo, in which fraudsters stole login credentials, comprised of email addresses and passwords, for more than 22 million user accounts. About The Tracker.

EMV 80

EMV Online and Mobile Banking Credential Chip Cards 80

PYMNTS

JANUARY 1, 2020

Armed with new tech, mobile devices, data and the cloud, they fast-tracked the shift from a largely analog world to the app-based economy of today. billion of whom have a mobile phone. In developed markets, 4G will move to 5G with 15 percent of mobile phones connected, and to 5G five years from now. Today, there are 7.3

Economy 69

Economy Online and Mobile Banking Credential Push-to-Card 69

PYMNTS

JUNE 4, 2019

The rise of the digital economy has resulted in growing concerns about identification, not the least of which is making sure that people who try to open financial accounts, or complete a variety of online or mobile transactions, are who they say they are. In fact, more than 95 percent of people in the U.S. possess phone numbers.

Verification 62

Verification Online and Mobile Banking Fraud Prevention Privacy 62

PYMNTS

FEBRUARY 28, 2017

It’s already been a big year for biometrics, and with everyone from big banks to major retailers investing in the technology, that trend is unlikely to subside any time soon. . The platform is designed to help retailers combat an uptick in online retail fraud, caused largely by ineffective or stolen password credentials.

Account Takeovers 43

Account Takeovers Online and Mobile Banking Authentication Credential 43

PYMNTS

APRIL 30, 2019

We at PYMNTS come here not to bury biometrics, but to explore another way of bringing identification and age verification to the masses — a method that, in the view of Alain Meier, CEO of Cognito , could help eCommerce operators stay ahead of regulators and otherwise offer relatively friction-free authentication to consumers around the world.

Verification 64

Verification Authentication Online and Mobile Banking Law Enforcement 64

PYMNTS

SEPTEMBER 22, 2017

Among the front row seat observers in the battle for payments security is Stephen Stuut, CEO of online mobile payments and identity verification company Jumio. We currently verify credentials issued by over 200 countries, including the government IDs issued outside the U.S. SS: Our approach to innovation is two-pronged.

Online and Mobile Banking 56

Online and Mobile Banking Verification Data Breach Breach 56

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

Seon

JULY 10, 2024

It ensures smooth processing and compliance for legitimate payments, primarily verifying transaction details, validating customer credentials, screening against sanctions and watchlists, and ensuring compliance with regulations. The focus for payment transaction monitoring is slightly adjacent.

Transactions 52

Transactions Fraud Prevention Regulatory Compliance Payments 52

PYMNTS

MAY 22, 2017

In the hopper this week, CapOne released digital authentication APIs, PayPal and Android Pay took commerce to Chrome and the FTC tapped the brakes on the Walgreen’s/Rite Aid merger. CapOne Tests Making Authentication Easier. It’s a ‘rising tide lifts all boats’ approach to improving trust online.”. Here’s what to watch.

PayPal 51

PayPal FTC Payment APIs and Integration Authentication 51

Segpay

JUNE 25, 2024

Pay by Bank transactions – also known as Bank Transfers, A2A, or Direct Bank Payments – are cardless payment methods that allow customers to pay directly from their bank account to the merchant’s bank account through Open Banking.

Online and Mobile Banking 52

Online and Mobile Banking Payments Settlement Transactions 52