CB Insights

APRIL 18, 2022

Download our free report to get the TL;DR on what you need to know about venture funding and trends in Q1 2022. The post Facial biometric identity authentication provider Unico hits $2.6B the state of venture report. First name. Company name. Phone number. Want the full post? Become a CB Insights customer. valuation.

Authentication 67

Authentication Participant Research Posting 67

PYMNTS

NOVEMBER 17, 2020

How can FIs improve their mobile banking apps’ UX shortcomings, and which features will go the farthest in encouraging more of their customers to download and use those apps for their everyday banking and payment needs? Providing users with more control over their apps’ authentication systems can go a long way in improving their satisfaction.

Mobile Banking 93

Mobile Banking Consumer Authentication Credit Union 93

PYMNTS

JULY 9, 2020

Relying on static usernames and passwords to authenticate customers is no longer sufficient, and many FIs are therefore examining how tools like biometrics can offer greater security. A recent report highlighted this problem and advised FIs to adopt harder-to-trick methods like biometric authentication. Get the scoop in the Playbook.

Fraud Prevention 104

Fraud Prevention Account Takeovers Authentication Identity Theft 104

FICO

MARCH 30, 2020

Adaptive identity authentication is the process of tailoring each customer authentication to the specifics of the request. It involves calibrating multiple sets of risk indicators to determine the type of authentication needed, and how strong to make it. Adaptive identity authentication is increasingly important.

Authentication 52

Authentication Risk Transactions Payee 52

FICO

JULY 27, 2020

As consumers, most of us still consider facial recognition the current state of the art for authentication. Here’s why it matters: Authentication is used for a lot more than unlocking your phone. To better protect these transactions from fraud, new biometric measures can now authenticate that it’s really you who’s using your phone.

Authentication 52

Authentication Online and Mobile Banking Non-Bank Enrollments 52

PYMNTS

JANUARY 16, 2019

For consumers, working with various institutions — such as banks, government agencies and medical systems — often means remembering just as many account passwords for accessing the services, and authenticating their digital identity (ID). Around The Digital Identity World. How Dolly Keeps Movers, Customers In The Feedback Loop.

Authentication 55

Authentication Verification Blockchain Risk 55

PYMNTS

MARCH 6, 2019

While consumer satisfaction with authentication differs across sectors, financial services topped other markets in a recent report. percent: Share of financial services and eCommerce customers who expressed satisfaction with having to provide a password and code for authentication.

Consumer Authentication 43

Consumer Authentication Authentication Consumer B2B 43

The Fintech Times

OCTOBER 12, 2024

Developed over the past seven years by Capital One, AirKey turns credit and debit cards into a tap-based authentication method. The new service allows customers to authenticate wherever their financial institution requires it. With AirKey, financial institutions can increase authentication success and mobile enrollment.

Authentication 52

Authentication Credit Cards Debit Card Fraud Prevention 52

VISTA InfoSec

OCTOBER 21, 2024

Through malicious software, usually gained by downloading something or opening a compromised link, you’ll be faced with data loss and/or further unauthorized access to your details. Whenever possible, make sure to enable two-factor authentication, as this will add another layer of protection to your accounts.

Cybersecurity 199

Cybersecurity Encryption Scams Cryptocurrency 199

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. For more on these and other digital identity news items, download this month’s Tracker.

Contactless Payments 109

Contactless Payments Authentication Law Enforcement Cross-Border 109

PYMNTS

OCTOBER 23, 2019

This means authenticating a consumer has turned into something of a tricky and delicate process. Two-factor authentication leveraging SMS (texting) is billed as more effective and slightly less irritating to consumers than passwords — but as an authentication method , it is increasingly not up to the task.

Authentication 48

Authentication Transactions Value Added Service Consumer 48

PYMNTS

JUNE 27, 2017

And we’re closely watching trends in the use of facial recognition and other biometrics for on-boarding, payments and authentication. We’re also keeping our eye on the rise of blockchain, as it will likely play a key role in identity verification in the future.

Innovation 58

Innovation Verification AML Money Laundering 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.

Authentication 60

Authentication MFA Phishing Scams 60

Stax

JULY 9, 2024

Fraud prevention measures, such as tokenization and multi-factor authentication, add layers of security to verify transactions and protect against unauthorized use of payment credentials. Today, most mobile wallets are already using biometric authentication, requiring the user to scan their fingerprint before the wallet can be opened.

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

NOVEMBER 13, 2020

Digital identity solutions have become increasingly widespread in recent years as alternatives or supplements to old-fashioned authentication methods like passwords. Multifactor authentication (MFA) and biometric scans are quickly becoming the norm in numerous fields, including online accounts for banks and other businesses.

Multifactor Authentication 97

Multifactor Authentication MFA Verification Online and Mobile Banking 97

Fintech News

SEPTEMBER 17, 2024

SFV will be used in high-risk scenarios to complement existing authentication methods during DT setup. Customers without a Singpass account are advised to register and download the Singpass app beforehand.

Verification 107

Verification Scams Financial Crimes Phishing 107

PYMNTS

MARCH 6, 2020

A computer science student reported using an API from peer-to-peer (P2P) mobile payments service Venmo to download — without users’ permission — the details of approximately 7 million transactions over six months in 2018, for example. Oversight And Authentication.

API 52

API Authentication Security Payment APIs and Integration 52

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.

FBI 130

FBI Breach MFA Cybersecurity 130

Open Banking Excellence

NOVEMBER 16, 2023

Together, Lloyds Bank Smart ID, Yoti ID and Post Office EasyID form ‘Digital ID Connect’, the UK’s largest network of reusable Digital ID apps with over four million downloads already. Yoti verifies the authenticity of the document by completing a number of automated checks.

Governance 130

Governance Government Authentication Interoperability 130

PYMNTS

NOVEMBER 9, 2018

In the latest Omni Security And Authentication Report , PYMNTS explored the different tactics cybercriminals are deploying this holiday season, and how retailers are working to safeguard themselves. Around The Security And Authentication Space . To read the full feature story, download the latest report here. About The Report.

AI 76

AI Authentication Account Takeovers Cybersecurity 76

VISTA InfoSec

OCTOBER 21, 2024

SMEs can protect themselves by enforcing strong password policies, using two-factor authentication, training employees, updating software regularly, and backing up data. Ransomware attacks are typically executed through phishing emails or malicious links that trick users into downloading harmful software.

Security 130

Security Phishing Ransomware Risk Assessment 130

PYMNTS

NOVEMBER 14, 2019

Specifically, banks are failing to enab le the authentication controls that consumers want in their mobile banking apps. consumers want to be able to set their own authentication requirements when they access their bank accounts using digital channels. percent of frequent users with full authentication controls, and 79.9

Authentication 40

Authentication Mobile Banking Consumer Checks 40

PYMNTS

SEPTEMBER 13, 2019

percent saying they believe the security of transactions being made via mobile banking apps would be stronger if they had greater control over those apps’ authentication requirements. Despite widespread demand for greater mobile banking authentication controls, only 39.9 Similarly, 54.1 percent) or using mobile card controls (63.5

Consumer 66

Consumer Authentication Mobile Banking On-Demand 66

PYMNTS

JANUARY 25, 2019

In the January PSD2 Tracker , PYMNTS examines how money movement and data flow are getting an upgrade with PSD2, as well as how the upcoming SCA regulation is bound to affect user authentication. Read more by downloading the Tracker. What’s N ew In PSD2. That’s no longer an option with PSD2 — now, retailers need to provide both.

Authentication 78

Authentication Privacy User Authentication Regulations 78

PYMNTS

OCTOBER 8, 2020

This is why verifying consumers’ identities by authenticating their email addresses and other details must be as seamless as the rest of the onboarding experience, Ryan Wuerch , CEO and founder of cash-back platform Dosh , said in a recent PYMNTS interview. . Consumers do not expect to have to choose between speed and security, however.

Verification 83

Verification Multifactor Authentication Authentication Online and Mobile Banking 83

PYMNTS

AUGUST 7, 2019

Unfortunately, many sharing economy platforms’ verification and authentication processes are poorly equipped to combat the growing risk of fraud. That said, the benefits of enhanced verification and authentication techniques extend far beyond enhanced user satisfaction. In fact, 71.5 percent are asked to provide their phone numbers.

Economy 73

Economy Verification Authentication Accounts 73

FICO

JANUARY 31, 2019

Payment Service Providers are pushing to implement their PSD2 Strong Customer Authentication (SCA) solutions ready for the September deadline. However, a significant minority were completely unaware that they could expect to see more demands for authentication. Pushing a Specific Authentication Method Will Cause Issues.

Authentication 40

Authentication Consumer Online and Mobile Banking Push-to-Card 40

PYMNTS

SEPTEMBER 13, 2018

As many as 71 percent of financial consumers reported being satisfied with an authentication method if it was easy to use, while 62 percent like authentication methods that are convenient. In comparison, only 45 percent said they would prefer an authentication method due to its tight data security.

Security 59

Security Identity Theft Authentication Verification 59

PYMNTS

AUGUST 7, 2020

“The key thing which really gives us that competitive advantage is that we can onboard people with full KYC, so we can authenticate both ends,” he said. “We But secure, digitized and authenticated payments only scratch the surface of what Clik is working to build. Building Out From Just Offering Payments. Making Rewards Rewarding.

Digital Payments 120

Digital Payments Payments Central Bank Authentication 120

PYMNTS

JUNE 25, 2020

Banks are leveraging multi-factor authentication (MFA) and machine learning (ML) to protect these systems, but customers fear this may not be enough. For more on these and other financial crime news items, download this month’s Playbook. Building Consumer Trust With Open Banking Security.

Financial Crimes 91

Financial Crimes MFA Federal Trade Commission Crime 91

PYMNTS

DECEMBER 27, 2018

In response, financial services providers and tech giants are looking to develop and implement new identity authentication tools to better protect customer accounts and information. In the latest Digital Identity Tracker , PYMNTS explores recent identity authentication and verification efforts from around the space. About The Tracker.

Authentication 63

Authentication Blockchain Cryptocurrency Security 63

PYMNTS

MARCH 17, 2020

Thus far, said Pointner, despite regulations stating that the European countries making up the EU must have interoperability between each other (through the Electronic Identification, Authentication and Trust Services, or eIDAS), “it’s clunky and it’s difficult,” with friction especially becoming apparent as people and use cases cross borders.

Authentication 86

Authentication Verification Interoperability Cross-Border 86

PYMNTS

JANUARY 21, 2020

Though many banks may be betting big on advanced technology to help them in the fight against financial fraud, their customers would feel more secure if they were given more control over their banking apps’ authentication processes. Yet, the benefits of adding authentication controls go well beyond providing a hypothetical feeling of safety.

Consumer 60

Consumer Authentication Transactions Security 60

PYMNTS

MARCH 4, 2020

For more on these and all the rest of the latest B2B API headlines, download the Tracker. Deep Dive: Confronting APIs’ Authentication, DDoS Security Threats. To get the full scoop, download the Tracker. How Banking APIs Help Businesses Pay Faster, Invest Better. Read the full story in the Tracker. About the Tracker.

API 96

API Treasury Payment APIs and Integration B2B 96

PYMNTS

FEBRUARY 24, 2020

BCU had test users generate digital identities in the MemberPass platform and download the Connect.Me application. They are now using it to verify their identities.

Credit Union 82

Credit Union Blockchain Credit Union Service Organization Wire Transfer 82

PYMNTS

SEPTEMBER 6, 2019

In fact, PYMNTS’ Digital Identity Lifestyle Capsule found that 100 percent of eCommerce customers who were required to submit digital copies of their physical ID documents when creating accounts said it was a satisfactory authentication process. For more on these and other digital identity headlines, download this month’s Tracker.

Authentication 71

Authentication Online and Mobile Banking Verification Governance 71

PYMNTS

OCTOBER 16, 2020

The October Preventing Financial Crimes Playbook explores the latest financial crime developments, including the growing threat of P2P payment app fraud, evolving customer attitudes surrounding multifactor authentication and biometrics, and recent successes in fraud prevention in the United Kingdom. About The Playbook.

Zelle 89

Zelle P2P Scams Financial Crimes 89