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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Credential API Authentication Privacy 92

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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Authentication Phishing User Authentication Interoperability 52

VISTA InfoSec

JUNE 3, 2024

Credential stuffing , a form of cyberattack where attackers use stolen credentials to gain unauthorized access to user accounts, highlights the need for strong password policies. Multi-Factor Authentication (MFA) Implementing multi-factor authentication (MFA) adds an extra layer of security to the authentication process.

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MFA Credential PCI DSS Compliance 130

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

PYMNTS

NOVEMBER 24, 2020

This is leading many to utilize two-factor authentication (2FA) methods to safeguard customers’ personal information. Many FIs and businesses are relying on 2FA measures that leverage SMS — or text message-based — verification to cater to a growing number of consumers who are using mobile channels to transact. About The Tracker.

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Authentication Consumer Online and Mobile Banking Verification 108

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 272

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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Verification Money Laundering Authentication API 59

VISTA InfoSec

JUNE 18, 2024

A crafty hacker could infiltrate accounts secured by flimsy credentials. In addition to access control, fortify your defenses with Multi-Factor Authentication (MFA). This advanced data security measure demands additional verification beyond just a device passcode, such as a fingerprint scan or random code from a mobile app.

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Data Security Security Encryption Cybersecurity 266

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

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 Governance 53

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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Verification Credit Union Financial Inclusion Authentication 59

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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Economy Verification Authentication Credential 82

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

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

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

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

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

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 110

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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Verification Legal Laws Push-to-Card 65

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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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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Verification Checks Best Practices Legal 78

Fi911

OCTOBER 11, 2023

This advanced solution is also known as “anti-spoofing” or “liveness verification.” In doing so, it protects our banking processes and ensures only authentic interactions. Liveness detection is a pivotal security feature in different authentication processes, including biometric verification. What is Liveness Detection?

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Deepfake Verification Authentication Breach 52

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

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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Verification Privacy Law Enforcement Addressing 57

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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Account Takeovers MFA Fraud Detection Credit Cards 93

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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Authentication Phishing Bots Credential 49

Finovate

OCTOBER 8, 2024

Because it leverages Plaid’s bank network, the new pay-by-bank tool does not require consumers to find their checkbook, manually enter their account and routing numbers, and wait for verification.

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Non-Bank Risk Assessment Processors Returns 59

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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Verification Database Economy Governance 58

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

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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Credit Union Blockchain Credit Union Service Organization Wire Transfer 82

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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Deepfake APACS Scams Authentication 114

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

Nanonets

SEPTEMBER 14, 2023

This advanced technology serves as a gatekeeper, verifying the authenticity of signatures and safeguarding the integrity of documents. However, in many cases, documents, contracts, forms, and agreements may also include signatures that are important for various legal, administrative, or authentication purposes.

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Legal Authentication Disputes Verification 52

Finovate

APRIL 9, 2024

Candour Oy Candour ID by Candour Oy introduces breakthrough technology in biometric verification, featuring advanced anti-spoofing and facial recognition for the highest accuracy and efficiency in the market. Method Financial Method Financial is a liability account connectivity API for lenders, fintechs, and financial institutions.

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Financial Literacy Credit Union AI Credential 52

Fintech Finance

MARCH 28, 2024

Instead, an automatic email lookup coupled with two-factor authentication allows the cardholder to access available cards instantly when they arrive at the checkout, before permitting their bank to securely share their payment credentials directly with the retailer.

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Visa Security Credential Payments 52

FICO

DECEMBER 19, 2022

As customer interactions go completely online, digital identity verification and authentication help — but sophisticated authentication can’t stop all types of fraud. The risks of answering either question wrong should encourage financial institutions to rethink a few things, including: How and when they authenticate customers.

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PYMNTS

AUGUST 10, 2020

Biometric identity verification is proving perhaps the best weapon we have to defend against the synthetic frauds and deep fakes that are starting to dominate cybercrime. “By These methods could be especially useful for online age-verification processes, as biometric measures are highly accurate and difficult to fake.”.

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Credential Account Takeovers Authentication Duplicate 56