This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Authentication Fraud Prevention Verification 
Seon
MARCH 20, 2024
However, this expansion brings a corresponding need to evolve fraud prevention strategies to keep pace with advancing threats. Fraud’s Path to Escalation The digital age has ushered in a seismic shift in fraud, marked by increased costs and volume of fraudulent activities.
Fi911
DECEMBER 18, 2024
But, did you know it can also be used to help stop card-not-present fraud? Geolocation & Fraud Prevention Geolocation helps prevent fraud by verifying the location of a user or device during transactions, especially in card-not-present scenarios. Can Geolocation Technology Be Spoofed?
PYMNTS
NOVEMBER 30, 2018
The company’s investment will include further development of AI fraud prevention tools (such as AI-based, real-time fraud detection), as well as machine learning (ML) solutions. The two companies recently collaborated to bring GIACT’s verification services to PNC clients.
PYMNTS
FEBRUARY 13, 2020
So before we add another layer of authentication , we should ask, is this actually going to serve a purpose or solve our problem?”. What is necessary, said Xie, is a different, more holistic paradigm for fighting fraud – with a broad goal of not adding more authentication steps, but fewer. The Zero-Authentication Future.
Seon
MAY 23, 2024
across age groups and income brackets, the volume of digital activities and transactions are on the rise – and effective fraud prevention measures have never been more critical to safeguard a business’s bottom line. Spoofing involves replicating or falsifying biometric data to deceive authentication systems.
Stax
AUGUST 20, 2024
One solution to counter this problem is 3D Secure Authentication. 3D Secure is a fraud prevention solution with an added layer of security that helps protect buyers and merchants from fraudulent online transactions. This article will discuss what 3D Secure Authentication is and how the 3DS authentication process works.
The Fintech Times
OCTOBER 17, 2024
As digital threats continue to evolve and as fraudsters get savvier, the need for secure and convenient authentication methods grows increasingly important. To find out how re-authentication can help keep firms and their customers safe, three experts joined The Fintech Times to share their insights. That needs to be resolved.
PYMNTS
MARCH 18, 2019
Authenticating.com is working to combat identity fraud by combining different solutions to securely automate and outsource identity verification and fraud prevention as a service. billion in losses due to cybercrime, with various forms of identity fraud topping the list.
PYMNTS
JULY 21, 2020
Global identity verification provider Trulioo has expanded its services to Vietnam with the GlobalGateway marketplace, according to a press release. GlobalGateway provides identity verification services in over 100 countries including Malaysia, the Philippines, Singapore and Thailand. percent this year, and jump to 6.8
72 
The Paypers
DECEMBER 13, 2018
(The Paypers) The Web Fraud Prevention, Identity Verification & Authentication Guide 2018 is now live, offering a complete overview of the latest trends into digital onboarding and fraud mitigation for banks, merchants and PSPs.
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. Understanding the Scope of Financial Crimes.
The Fintech Times
DECEMBER 13, 2023
DataVisor, the AI-powered fraud and risk platform, has expanded its end-to-end platform capabilities with the integration of SMS customer verification for fraudulent transactions, powered by T wilio technology.
59 
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.
62 
PYMNTS
MARCH 7, 2019
New technologies keep emerging in the fight against fraud — biometrics, for instance — but they are not the only part of pushing back against criminals and preventing them from stealing data and money. The process tied to fraud prevention matters significantly, too. And that’s not all when it comes to that awareness.
PYMNTS
NOVEMBER 6, 2019
Affirm is no stranger to digital identity methods that prevent this and employs a range of techniques to verify its users and protect its merchant partners from sacrificing profits to theft. This, however, means Affirm is responsible for any fraudulent transactions, making proper user authentication a top priority. What is Affirm?
40 
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.
59 
PYMNTS
NOVEMBER 6, 2018
One way around that — and to help pave the way for even more digital payments, especially in the B2B world , where paper still has a commanding role — is to offer reassurances, which often boil down to authentication and verification, and doing so in real time. The occasion?
The Fintech Times
AUGUST 29, 2024
Cashfree Payments , the Indian paytech and API banking solutions provider, has launched Secure ID, its end-to-end solution for identity verification, risk assessment and fraud prevention. With Secure ID, Cashfree Payments has consolidated all its verification offerings into a single suite, boosting operational efficiency.
69 
The Fintech Times
JUNE 17, 2024
According to research from fraud prevention platform Ravelin , the UK economy and businesses that reside within it are at great risk, as the UK’s online fraud presence has increased the most out of 10 countries surveyed in the past 12 months. Automation in the form of machine learning is widely seen (66.2 per cent).
122 PYMNTS
NOVEMBER 9, 2016
Frankly, I think several other new services in the blockchain domain — ID authentication and contracting verification, as example — will happen much quicker.”. But speaking of identification and verification, that’s where blockchain may indeed hold so much potential.
70 
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.
139 
PYMNTS
MAY 7, 2019
Citi’s Treasury and Trade Solutions (TTS) is rolling out a new identity and account verification solution for corporate treasurer clients. In a press release on Tuesday (May 7), Citi announced the launch of Citi Verify, which uses authentication solution provider GIACT Systems to validate corporate clients’ own U.S.
53 
Fintech News
SEPTEMBER 9, 2024
.” In the Philippines, The Philippine Statistics Authority in partnership with the Department of Information and Communications Technology, launched the Digital National ID this June, together with authentication platforms, National ID eVerify and National ID Check.
115 
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. Every recession leads to an increase in fraud ,” he said.
98 
FICO
JANUARY 25, 2021
Confusingly, this term has been extended as customer identity and access management or CIAM to mean the subset of identity and access management that applies to customers —h ow they log in to websites, authenticate themselves, and are granted permissions for some customer-facing systems. Document verification. Fraud prevention.
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. However, iDenfy’s research shows that cybercrime continues to escalate at an alarming rate.
52 
Fintech Finance
MARCH 5, 2024
In response to the rapid digital growth in the region, the demand for robust identity verification has surged. This collaboration aims to streamline the user onboarding process, fortify fraud prevention measures, and ensure a secure experience for Tamara’s expanding customer base.
52 
Finovate
OCTOBER 24, 2024
Socure has acquired risk decisioning company Effectiv for $136 million Socure will integrate Effectiv’s AI-powered orchestration platform into its digital identity verification and fraud solutions. Digital identity verification company Socure has acquired risk decisioning company Effectiv in a $136 million deal.
64 
FICO
JANUARY 19, 2021
The key to resolving the tension between customer experience and fraud prevention is to ensure that the bank is using an integrated platform. At every stage of the customer lifecycle, banks get more and more data from their customers and fraud managers want to use that data to make better fraud decisions.
PYMNTS
NOVEMBER 10, 2020
The release stated the amount of fraud triggers TransUnion has detected has shot up almost 30 percent from March to August. Fraud triggers, the release noted, are defined as application statuses with failed authentications or which are labeled high risk. The number reached a high point of 15.2 percent in August.
69 
The Fintech Times
DECEMBER 11, 2023
Today, we bring you insights from industry leaders regarding the changing dynamics of cybersecurity threats and trends in 2024, including AI’s impact, behavioural biometrics, fraud prevention, masking and enhanced security for financial services. In fact, our claims data has shown a significant increase in this activity.
107 
PYMNTS
JUNE 12, 2018
Trulioo , the global identity and business verification provider announced Tuesday (June 12) that it has partnered with Acuant , a global provider of data capture and identity authentication solutions, to enhance GlobalGateway, its online identity verification marketplace.
46 
Finovate
SEPTEMBER 24, 2024
Voice authentication technology innovator Illuma Labs has raised $9 million in funding. As the first major investment for the company, the capital will help accelerate the development of Illuma’s voice verification offerings to help banks and other institutions fight fraud, voice cloning, deep fakes, and more.
59 
Nanonets
OCTOBER 9, 2024
Whether you're a loan officer reviewing an application or a business owner ensuring your clients’ payments are in order, bank statement verification is integral to ensuring financial accuracy and fraud prevention. What is bank statement verification?
52 
PYMNTS
MARCH 20, 2020
Many are turning to artificial intelligence (AI), machine learning (ML) and other advanced learning solutions to prevent and detect breaches before they can cause large-scale problems, but bad actors are using the same set of tools to sidestep authentication processes or impersonate legitimate customers.
The Payments Association
DECEMBER 10, 2024
This is evidenced by the fact that payment card fraud alone is projected to increase by over $10 billion between 2022 and 2028, according to the data. By analysing large datasets, AI can quickly recognise unusual behaviours and detect fraud in real time, significantly reducing the risk of fraudulent transactions.
88 
Clearly Payments
NOVEMBER 13, 2024
Although BINs play a critical role in how payments are processed and authenticated, they often go unnoticed by the average consumer or merchant. Card Verification and Authentication : BINs support the verification process by providing immediate access to the issuing institution’s information.
80 Accertify
MARCH 27, 2024
For the eighth edition, Paladin has created a fraud prevention industry report with 15 solution providers for in-depth information—and researched an additional 40 solution vendors, to compile the most comprehensive snapshot of the fraud prevention industry to date. The report uses six categories to group vendors.
PYMNTS
OCTOBER 20, 2016
is predicated on risk-based authentication, leveraging data points for accurate verification, while optimizing the consumer experience. Get individual and industry perspectives on: – Payment authentication, its importance to fraud prevention and to ecommerce security. 3D Secure 2.0 ’s
76 PYMNTS
MAY 22, 2019
Banks can better ensure higher customer satisfaction with tailored experiences that allow them to automatically expedite low-risk applications, while only requiring step-up authentication when needed.”. Instead, online applicants may be directed to a physical branch to complete identity verification, or provide other required documentation.
Fintech Finance
FEBRUARY 29, 2024
Socure , the leading provider of artificial intelligence for digital identity verification, sanction screening and fraud prevention, and Trustly , a leading global Open Banking payments provider, today announced an industry-first partnership to offer merchants and fintechs a streamlined onboarding and guaranteed Pay by Bank solution.
PYMNTS
SEPTEMBER 24, 2020
One of the key ways in which banks can counter this threat is through ironclad authentication processes, according to Sameer Shetty , head of digital banking at the Mumbai, India-based Axis Bank. Fraud Threats To Digital Banking. Identity fraud accounted for $16.9 Leveraging Video-based Onboarding, AI To Prevent Identity Fraud.
PYMNTS
DECEMBER 13, 2018
The good news — and there is always good news — is that merchants, card networks, issuers and others in the payments and commerce space have pretty good technology, too (or, at least, theoretical access to it), and that prevention of crime provides ample room for innovation. He described the current era as “Fraud 3.0.”.
PYMNTS
AUGUST 22, 2018
22) that it has rolled out two enhanced consumer authentication solutions, step-up authentication and identity verification, to mitigate card fraud within call centers. In a press release , Fiserv said the two new solutions expand beyond knowledge-based consumer authentication that can be vulnerable to fraud.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content