NFCW

SEPTEMBER 12, 2024

VERIFICATION: The Digital Credentials API will use digital IDs to verify website users A new Digital Credentials API that will allow visitors to a website to verify their identity using a driver’s license or a national identification card stored in their digital wallet has now entered testing.

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Fintech Finance

NOVEMBER 6, 2024

As payments become more intricate, Mastercard today announced the latest enhancement to its new Mastercard Payment Passkey Service which enables secure, on-device biometric authentication through facial scans or fingerprints, the same way consumers unlock their phones every day.

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Visa APACS Transactions Authentication 98

The Fintech Times

SEPTEMBER 21, 2024

Major retail banks in Singapore are set to progressively implement Singpass Face Verification (SFV) in the near future, as the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) plan to strengthen the digital token (DT) setup process for retail banking customers.

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Verification Scams Financial Crimes Crime 72

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. Deep fake threats John Baird, co-founder and CEO of Vouched.

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Cybersecurity Ransomware RDC Credential 139

PYMNTS

APRIL 3, 2019

Cognito CEO Alain Meier and his colleagues at the identify verification service have a peculiar way of freaking out payment and commerce operators. In a new PYMNTS interview, Karen Webster and Meier talked about the power of the phone number and the role it can play as companies and consumers put more focus on ID verification.

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PYMNTS

SEPTEMBER 15, 2020

In the new Digital Identity Tracker, Paine discusses why digital ID verification tools could hold the key to sharing platform satisfaction. The sharing economy is projected to reach more than $300 billion in global revenue by 2025, yet identity verification provider Jumio found that one in five adults using sharing services feel insecure.

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PYMNTS

APRIL 25, 2019

For a lot of businesses, “advanced age verification” isn’t really all that advanced. Business owners seem to think that a pop-up is enough — that checking a box is the same thing as providing heightened age verification,” Matt Fields, VP of AgeChecker.Net , told PYMNTS in a recent conversation. Check Yes if you are 18.”. How It Works.

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PYMNTS

MARCH 29, 2019

The goals of any digital identity verification process or technology include stopping fraud in its tracks, preventing fake accounts from ever being opened and, at the most basic level, maintaining (and even building) a client’s reputation for trustworthiness. That’s not easy. Are end users ready to manage their own IDs?

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Verification Authentication Cross-Border Risk 68

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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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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PYMNTS

JUNE 4, 2019

However, if data is vital to the digital economy, so is identity (ID) verification. If anything has become clear within the last few years, it’s that electronic ID verification — using digital methods and data to confirm and authenticate identities — is increasingly taking on crucial importance. Evolving ID.

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Verification Online and Mobile Banking Fraud Prevention Privacy 62

PYMNTS

JULY 2, 2019

What about the golden age of age verification? However, as more age-restricted products move online, robust and seamless digital age verification takes on more importance, a trend that promises to grow in the coming few years. The increasingly old-fashioned age-verification pop-up box isn’t cutting it anymore, at least in his view.

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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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Finovate

JANUARY 25, 2024

Identity and authentication platform 1Kosmos launched its BlockID 1Key solution this week. BlockID 1Key is a biometric security key that provides passwordless multi-factor authentication for customer help desks, retail bank branches, and other environments deemed too sensitive to allow access to mobile devices.

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PYMNTS

FEBRUARY 24, 2020

CULedger’s MemberPass solution is a blockchain-based system that facilitates frictionless identity verification. MemberPass offers credit unions (CUs) or CUSOs a single digital credential that serves as member verification. PSCU , the credit union service organization (CUSO), announced on Monday (Feb. application.

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Fintech News

JANUARY 17, 2024

These measures encompass additional customer authentication, cross-border transfer limit reviews, session management controls, and establishing a bank-to-bank information-sharing platform to safeguard the financial sector from evolving threats. Digital mule networks exploit this, testing stolen credentials across various banks.

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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. NatWest Launches Card-Mounted Fingerprint Readers For Contactless Authentication.

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Contactless Payments Authentication Law Enforcement Cross-Border 109

PYMNTS

JANUARY 8, 2020

Facial authentication and cloud-based subscription services are particularly popular, with applications ranging from unlocking personal smartphones to providing secure access to top-secret government facilities. EMV Cards Face Crucial Verification Security Gaps. billion per year in incremental growth between 2018 and 2023.

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The Fintech Times

OCTOBER 21, 2024

iDenfy , a Lithuania-based identity verification and fraud prevention software provider, has launched a new ‘Bank Verification’ solution, designed to enhance the customer onboarding process. By integrating open banking solutions, it is also aiming to help businesses comply with Know Your Customer ( KYC ) regulations.

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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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PYMNTS

SEPTEMBER 26, 2016

Authentication methods for payments networks, such as SWIFT, or P2P money transfer apps are still not completely secure. A common thread to many of these attacks is compromised or hijacked credentials that allow an attacker to pose as a legitimate entity.”.

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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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Finovate

AUGUST 14, 2024

Digital identity verification innovator Socure has unveiled its Selfie Reverification solution. Built on the company’s Document Verification (DocV) solution, Selfie Reverification also detects signs of deepfaking, and readily identifies age discrepancies between the photo and the credential.

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Credential FinTech Deepfake Fraud Detection 64

Fi911

JANUARY 18, 2024

They often accomplish this by obtaining the victim’s login credentials through phishing emails, malware, or other fraudulent means. New Account Fraud A new account is opened using fake or stolen credentials. Multi-Factor Authentication (MFA) Implementing MFA for customer authentication can significantly enhance security.

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PYMNTS

SEPTEMBER 24, 2020

In a Masterclass interview with PYMNTS, Tom Donlea , vice president and general manager, APAC at global identity verification provider Ekata , said Asia offers greenfield opportunities — and some areas of risk — for merchants looking to offer digital wallets.

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APACS Risk Online and Mobile Banking Verification 98

PYMNTS

FEBRUARY 11, 2020

“Nothing new really needs to be invented to do that, but providers like Apple , Google and Samsung are making improvements to their operating systems specifically to support these types of mobile identity credentials,” Vanderhoof said. Another advantage is privacy. The single biggest challenge facing DDLs’ U.S.

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PYMNTS

SEPTEMBER 14, 2018

carriers creating a single sign-on service that would serve as the login credentials for all the apps on a mobile device. The technology can authenticate logins by using two-factor authentication to confirm a user’s identity. These networks already provide second-factor authentication via SMS messaging.

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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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PYMNTS

JUNE 11, 2020

In an interview with Karen Webster, Zac Cohen , chief operating officer of Trulioo , said complex issues surrounding ID verification, public health and even fraud are coming to the forefront as the coronavirus changes every facet of life. In the effort to battle the pandemic, will the “trust economy” take a hit?

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PYMNTS

JUNE 12, 2019

Compromised credentials are one of the most common causes of security breaches. While Google automatically blocks the majority of unauthorized sign-in attempts, adding 2-Step Verification (2SV) considerably improves account security.

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PYMNTS

JUNE 29, 2020

The most popular technique, credential abuse, involves fraudsters using compromised passwords and other login information to gain access to sensitive systems. There were 85.42 billion such attacks between December 2017 and November 2019, 16.55 billion of which targeted APIs, and of these attacks, 463.3

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Finovate

JANUARY 8, 2024

The collaboration combines OneID’s customer authentication capabilities with AperiData’s financial and risk insights to enhance decision-making for lenders. ” Individuals use OneID by selecting the identity verification option during the online onboarding or signup process. . Stephen Ashworth is CEO.

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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.

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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.

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Online and Mobile Banking Verification Database Authentication 76

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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PYMNTS

MAY 22, 2020

Banks must instead leverage multilayered defenses that harness employee and customer education, ironclad verification and artificial intelligence (AI)-enhanced fraud detection systems to keep customers’ money and personal data safe. People are one click away from a malware download or credential phishing [website].

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PYMNTS

OCTOBER 26, 2016

McDowell said that he expects these and other new technologies to soon replace more traditional methods of authentication and verification, such as passwords. It’s EMV all over again. “Chip-enforced, hardware-backed security is what we’re seeing as a major trend in other ecosystems,” McDowell explained.

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