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

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

JUNE 27, 2017

In this week’s Commander in Chief series, PYMNTS talks with mobile capture and identity verification company Mitek Systems ’ CEO James DeBello about what moves the ball for the mobile industry. JB: More recently, we recognized a growing global need for mobile identity verification solutions. JB: Innovation often means taking a risk.

Innovation 58

Innovation Verification AML Money Laundering 58

PYMNTS

AUGUST 7, 2019

Unfortunately, many sharing economy platforms’ verification and authentication processes are poorly equipped to combat the growing risk of fraud. Sharing economy platform users who had to submit there IDs to create accounts also reported feeling highly satisfied with their chosen platforms’ verification processes. In fact, 71.5

Economy 73

Economy Verification Authentication Accounts 73

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. BCU had test users generate digital identities in the MemberPass platform and download the Connect.Me

Credit Union 82

Credit Union Blockchain Credit Union Service Organization Wire Transfer 82

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

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

PYMNTS

MARCH 17, 2020

In an interview with Karen Webster, Philipp Pointner, chief product officer at Jumio , said the coronavirus may hasten a shift from paper and plastic documents toward digital ID verification. Potential lies with the global consortium of passport-issuing agencies. “It’s the same passport, but in a different form.”

Authentication 86

Authentication Verification Interoperability Cross-Border 86

PYMNTS

FEBRUARY 10, 2020

Biometric digital identity verification solutions are becoming more and more commonplace thanks to their implementation in everyday devices like smartphones and fitness wearables. Biometric verification is being installed in payment cards as well. For more on these and other digital identity news items, download this month’s Tracker.

Data Breach 94

Data Breach Point-of-Sale (POS) Push-to-Card Verification 94

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

EMV 67

EMV Chip Cards Verification CHIPS 67

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

MARCH 14, 2017

Sarah Clark, GM of identity at Mitek , joined Karen Webster to discuss what process and technology can do to help meet AML requirements to truly authenticate who people are. Essentially, the identity verification process can be a major friction point. Some “old school” methods that worked in the past aren’t working anymore. In the U.S.

AML 44

AML Verification Money Laundering Authentication 44

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

JUNE 9, 2020

FinTech firms and government bodies are responding to the wave of cybercrime by developing new anti-money laundering (AML) and know your customer (KYC) technologies, particularly those leveraging biometric authentication factors. Other companies are adopting biometric identity verification solutions from third-party FinTechs.

AML 78

AML Verification Regs Money Laundering 78

PYMNTS

MAY 14, 2020

Technology firms worldwide are working to meet the growing demand for reliable, remote and digital ID verification. For more on these and other digital identity news items, download this month’s Tracker. Developments From Around The World Of Digital ID. Trust & Will Deploys AI-powered Digital Solutions To Innovate Estate Planning.

Identity Theft 98

Identity Theft AI Federal Trade Commission Verification 98

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

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

PYMNTS

JULY 17, 2020

Identity verification and authentication solutions help financial institutions (FIs) block out fraudsters, but leveraging just one or two of these offerings may not be enough. Some FIs are therefore using digital identity networks that help them access and draw insights from a wide variety of verification tools.

AML 64

AML Money Laundering Authentication Scams 64

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

AUGUST 7, 2020

Such verification is no small job, requiring advanced document analysis tools to make sure IDs are real and haven’t been tampered with. 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 Building Out From Just Offering Payments.

Digital Payments 120

Digital Payments Payments Central Bank Authentication 120

PYMNTS

MARCH 11, 2020

The March AML/KYC Tracker® explores the changing regulatory environment and new initiatives for improving customer identity verification and authentication. Six Thai banks are also exploring whether biometric-based authentication measures can be used well as part of digital KYC processes. Around The AML/KYC World.

Global Payments 60

Global Payments Money Laundering AML Online and Mobile Banking 60

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.

Authentication 63

Authentication Blockchain Cryptocurrency Security 63

PYMNTS

OCTOBER 4, 2019

As digital identities fast become a part of everyday life, the identity verification market is expected to reach $12.8 Digital verification is particularly important for governments, which are increasingly adopting digital identity solutions as cost-effective replacements for physical ID documents. billion by 2024.

Checks 57

Checks Verification Authentication Governance 57

PYMNTS

JUNE 11, 2019

Phone numbers, email addresses, usernames and other online signifiers have become vital to digital identity verification, as the world becomes increasingly connected. For more on these and other digital identity developments, download this month’s Tracker. How Western Governors University handles Digital ID Verification.

Verification 58

Verification Authentication Blockchain Addressing 58

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.

Authentication 40

Authentication Credential Ransomware Phishing 40

PYMNTS

JUNE 3, 2020

Bad actors often find them a more appealing target than the apps to which they are connected, as they can bypass in-app authentication procedures and seize control of all connected apps at the same time by infiltrating the API’s code. For more on these and other B2B API news items, download this month’s Tracker. About The Tracker.

Real Time Payments 75

Real Time Payments API B2B MFA 75

PYMNTS

AUGUST 7, 2020

Cybercriminals are eager to capitalize on the virtual gaming industry’s increasing popularity, using tactics that include creating phony versions of popular online games that compromise users’ smartphones or computers once downloaded. Fighting Back Against Gaming Fraud .

Phishing 89

Phishing Data Breach Account Takeovers Verification 89

PYMNTS

DECEMBER 3, 2019

In the December Digital Identity Tracker , PYMNTS explores the latest developments in the world of digital IDs, including a new digital driver’s license in the state of Colorado, a prototype facial recognition system for air travel in Finland and emerging methods that could threaten the validity of biometric authentication.

Verification 52

Verification Authentication Breach Data Breach 52

PYMNTS

JANUARY 14, 2021

Some solutions to these issues have emerged, however, as firms grow more comfortable leveraging video interviews, digital identity verification tools and other solutions to confirm applicants’ identities and onboard them without any hitches. For more on these stories and other digital identity headlines, download this month’s Tracker.

Verification 73

Verification Database AI Audit 73

PYMNTS

JULY 10, 2019

With the digital identity market expected to reach $15 billion by 2024, major ID providers such as Google and Apple are racing to improve the identity verification experience. The move is part of Switzerland’s E-Health initiative, which requires the nationwide implementation of two-factor authentication (2FA) in healthcare.

Online and Mobile Banking 63

Online and Mobile Banking Verification Ubiquitous Authentication 63

PYMNTS

OCTOBER 24, 2017

The October edition of the PYMNTS Digital Identity Tracker™, powered by Socure, features coverage of the headlines surrounding these new security solutions, including a new device designed to back up biometric security and other notable trends from around the security and authentication space. Around the Digital Identity world .

Authentication 46

Authentication Breach Money Laundering Verification 46

PYMNTS

JULY 24, 2020

The result is a persona that often holds up against financial institutions’ (FIs’) traditional verification methods. To find more about these and the rest of the latest headlines, download the Playbook. Why Using Device Authentication, Nontraditional Data Can Help FIs Catch Synthetic ID Fraud. Deep Dive: Confronting FIs’ $14.7B

Credit Union 73

Credit Union Federal Reserve Crime Authentication 73

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. To download the October edition of the Digital Identity Tracker™, click the button below. . It’s EMV all over again. ” Biometrics coming on big. Better security.”.

EMV 76

EMV Security CHIPS Online and Mobile Banking 76

Open Banking Excellence

NOVEMBER 7, 2023

They do not need to download an app or upload documents or photos to use the service. Their data is transferred securely and in real-time to the relying party’s platform to provide authentication of the individual’s identity. OneID helps protect banks, businesses, and consumers from online identity fraud.

Due Diligence 130

Due Diligence Ubiquitous Governance Government 130

PYMNTS

SEPTEMBER 14, 2020

Failing to properly authenticate students could delay their enrollment and improper authentication during onboarding could also open up universities’ online portals to fraudsters. Georgetown University, for one, is augmenting its onboarding process via a mobile application that students are required to download onto their phones.

Online and Mobile Banking 61

Online and Mobile Banking Authentication Adjustments Returns 61

PYMNTS

NOVEMBER 11, 2019

Cryptocurrency companies that previously let customers remain anonymous will have to change their tunes in some countries, as will online gambling sites that provided fast onboarding at the expense of rigorous identity verification approaches. To read the full story, download the Tracker.

Money Laundering 64

Money Laundering AML Online and Mobile Banking Deepfake 64

PYMNTS

DECEMBER 26, 2016

As payments continue their digital and mobile transformation, 2016 became the year that new methods of identity verification and authentication in the mobile channel became critical to success. and also meet the growing ID verification requirements under ant-money laundering (AML) regulations. and Europe leading the charge.

Authentication 43

Authentication Verification Payments AML 43