Payments Source

JANUARY 9, 2019

By adding device, cryptographic keys and behavioral ID, fake biometrics become harder for crooks to use, according to Bimal Gandhi, CEO of Uniken.

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Multifactor Authentication Authentication ISOs Process 82

The Paypers

FEBRUARY 10, 2017

(The Paypers) iovation , a provider of device intelligence-based authentication and fraud prevention solutions, has announced the general availability of its LaunchKey mobile multifactor authentication solution.

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Multifactor Authentication Authentication Fraud Prevention 28

The Paypers

JULY 11, 2024

million Authy users, a multifactor authentication app by Twilio. Schubert Jonckheer & Kolbe LLP is investigating a data breach affecting 33.4

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Data Breach Multifactor Authentication Breach Authentication 36

The Paypers

JANUARY 18, 2017

(The Paypers) Vanguard Integrity Professionals has announced the immediate availability of its enhanced Multifactor Authentication solution across its enterprise cybersecurity software suite.

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Multifactor Authentication Authentication Cybersecurity 28

Payments Source

AUGUST 14, 2017

An encrypted website and secure network aren’t very helpful when customers have been unknowingly routed to a criminal’s lookalike site, writes Simon Thorpe, director of product for Authy at Twilio.

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Multifactor Authentication Authentication Encryption Payments 65

Payments Source

MAY 5, 2016

Multifactor authentication is high on the list of payment security requirements, including new standards from PCI. For any company on the fence on adding stronger authentication, there's plenty of examples of what can go wrong with basic identity management.

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PYMNTS

OCTOBER 15, 2020

Secret Double Octopus , which works in passwordless authentication for security online, has secured a strategic investment from SC Ventures, the FinTech and investment arm of international banking group Standard Chartered , a press release says. The company boasts a simple user experience and a formidable protection against cyberattacks.

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Multifactor Authentication Authentication Financial Crimes Cybersecurity 79

PYMNTS

FEBRUARY 18, 2020

It can also help financial institutions (FIs) assess data from multiple channels, create seamless connections and enable them to make complex authentication decisions and detect fraud in real time. Omnichannel Fraud Protection.

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Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

Fintech Finance

MAY 22, 2024

MyTU implements advanced security through custom multifactor authentication, which integrates multiple ECDSA keys with IP and DNS data verification, and utilizes secure timestamps alongside bidirectional out-of-band communication, to ensure the highest standard of security and compliance.

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API Payment APIs and Integration Process Multifactor Authentication 59

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.

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Zelle P2P Scams Financial Crimes 89

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.

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Multifactor Authentication MFA Verification Online and Mobile Banking 97

PYMNTS

AUGUST 24, 2020

This multifactor authentication strategy can be as easy as walking down the hall to meet face-to-face with the chief financial officer, yet with teams still working remote, the process has migrated to the phone or video chat. One seemingly real enquiry to change bank account details can — and often does — mean millions of dollars lost.

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Deepfake Business Email Compromise Scams Multifactor Authentication 61

The Paypers

AUGUST 24, 2017

(The Paypers) Australia-based cybersecurity company TokenOne has announced the involvement in a consortium project for the US National Cybersecurity Center of Excellence (NCCoE).

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Multifactor Authentication Cybersecurity Authentication 28

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.

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Verification Multifactor Authentication Authentication Online and Mobile Banking 83

PYMNTS

APRIL 16, 2020

Insufficient security approaches, such as failure to sufficiently protect AP systems against unauthorized users — such as by implementing multifactor authentication — might contribute to such problems. Healthcare companies must especially be vigilant about their AP defenses even as the pandemic puts pressure on them to act quickly.

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Cross-Border Multifactor Authentication Security Automation 52

PYMNTS

AUGUST 16, 2019

The airline claims that 24[7] fell short of implementing basic security controls like forbidding workers from using the same login credentials or requiring multifactor authentication for employees accessing source code. According to the news outlet, hackers changed the source code of the chatbot via compromised credentials.

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Data Breach Breach Multifactor Authentication Credential 84

PYMNTS

NOVEMBER 16, 2020

KeyBank’s strategy for fighting APP fraud is twofold, consisting of customer education and back-end authentication procedures. On the front end, we protect the front door through user authentication to make sure that the person sending the transaction is the correct individual and authorized to do so. “On

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Authentication Best Practices Multifactor Authentication Fraud Prevention 72

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

SEPTEMBER 5, 2019

Fraud protection has never been taken lightly by call centers, but the need for stricter authentication is reaching new levels in the face of automated bot attacks and near-daily account takeover (ATO) attempts. Fraud is an ever-evolving space, [so] it’s important, with multifactor authentication, to look at it holistically,” she said.

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The Paypers

AUGUST 9, 2017

(The Paypers) Rivetz was announced its collaboration with National Cybersecurity Center of Excellence (NCCoE) on the Multifactor Authentication for e-Commerce project.

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Multifactor Authentication Cybersecurity Security Authentication 28

PYMNTS

SEPTEMBER 5, 2019

One of the biggest changes is that call centers are moving away from knowledge-based authentication (KBA) methods like passwords and PINs and employing methods with multi-factor authentication (MFA). Voice Authentication. Digital communications company Twilio is using AI to make voice prints a form of back-end authentication.

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PYMNTS

DECEMBER 5, 2016

In June, Qualcomm announced its Snapdragon 820 processor would become the first mobile system on a chip to receive FIPS 140-2 Level 2 hardware certification that adds an advanced layer of cryptographic authentication to protect biometric data. Second, an authenticator code on a secure environment is necessary for the hardware itself.

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Mobile Payments Multifactor Authentication Online and Mobile Banking Authentication 65

PYMNTS

NOVEMBER 17, 2020

This negative experience is due to a number of factors, including ineffective communication, unclear directions on how to access their devices, and tedious processes when setting up their accounts that often require multiple password entries and multifactor authentication (MFA) setup.

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Multifactor Authentication Online and Mobile Banking MFA Checks 107

The Fintech Times

MARCH 6, 2024

Thus, it’s vital to strike a balance between providing an excellent customer experience and ensuring confidence in transaction authentication and decisioning. Regulations, particularly those related to tokenisation, data localisation, strong customer authentication, and the EU, continue to be areas of our focus.

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Digital Payments Innovation Security Issuers 64

PYMNTS

JULY 9, 2018

As a result, users will have to re-authenticate to the Timehop app. That cloud computing account had not been protected by multifactor authentication, Timehop said in the blog, noting that it has taken steps (including multifactor authentication) to secure authorization and access controls on all accounts.

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Data Breach Breach Multifactor Authentication Credential 40

PYMNTS

JUNE 8, 2020

This also allows hackers to bypass in-app authentication procedures because it can be easier to steal API keys — the credentials developers use to build apps that harness APIs — than contend with apps’ biometric or two-factor authentication (2FA) processes.”. Cloud Havens and Changing Keys. That’s changing now.

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API B2B MFA Security 52

PYMNTS

SEPTEMBER 3, 2020

No matter the tools deployed across the issuers, acquirers or consumers, multifactor authentication (and risk scoring) will continue to be an important part of the payments ecosystem and do much to ensure confidence in secure transactions.

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Digital Payments Multifactor Authentication Point-of-Sale (POS) C2B 104

PYMNTS

JANUARY 10, 2019

The headlines surrounding PSD2 trumpet the arrival of open banking – where customers and companies have access to data in one place and can share it with third parties through APIs – but there is also the need for strong customer authentication (SCA). PSPs have been steadily gathering more information from merchants.

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PYMNTS

NOVEMBER 16, 2020

Multifactor authentication (MFA) has become commonplace for online accounts, with users confirming their identities via text messages sent to their phones. Biometric authentication methods like fingerprint and facial recognition scans are now standard on the latest smartphone models. It's that easy.”.

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MFA Verification Online and Mobile Banking Multifactor Authentication 71

PYMNTS

JANUARY 13, 2021

Behind-the-scenes analytics or multifactor authentication are widely supported by customers, even though they could result in a slightly more inconvenient customer experience. A survey found that 92 percent of U.S. For more on these and other digital fraud news items, download this month’s Tracker.

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Fraud Prevention Posting Multifactor Authentication Scams 75

PYMNTS

NOVEMBER 13, 2020

The end of the year marks the deadline for European migration to strong customer authentication ( SCA ), a 15-month extension from the original deadline. So, merchants are as ready, acquirers are ready, according to McLain, and the question mark is whether the issuers are ready.

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Issuers Cross-Border Multifactor Authentication Acquirers 61

FICO

JANUARY 22, 2020

Banks were asked which identity and authentication strategies they used, with the majority saying they used multifactor authentication (84 percent).

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Real Time Payments APACS Multifactor Authentication Account Takeovers 52

PYMNTS

SEPTEMBER 4, 2019

Mobile app users may have different authentication preferences than those who call the contact center, which could lead to frictions if companies are not prepared. As a result, banks like TD Bank are approaching call center security needs with tools like multifactor authentication (MFA).

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Visa Multifactor Authentication MFA Authentication 40

PYMNTS

DECEMBER 30, 2016

In 2016, retailers adopted the use of multifactor authentication to allow payment authentication via Apple Pay, Samsung Pay and others. Retailers’ native applications are expanding, allowing users to engage with the brand and content in-store while enabling targeted and personalized push notifications for repeat visits.

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Multifactor Authentication Point-of-Sale (POS) Payments Authentication 56

PYMNTS

APRIL 30, 2018

Additionally, the strong customer authentication (SCA) mandated by the second Payment Services Directive (PSD2) goes into effect in September of 2019 — and yes, that too counts as “right around the corner.”. PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication.

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PYMNTS

SEPTEMBER 14, 2020

When it comes to preventing an attack, multifactor authentication and other kinds of multilayer security measures, plus the practice of frequently updating software and installing patches, remain the tried-and-true defenses. Blackbaud's data breach isn't unique, per se.

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Breach Multifactor Authentication Ransomware Email Compromise 52

Fintech Labs Insights

DECEMBER 8, 2016

Vasco to power multifactor authentication for BankMobile. Around the web. Mambu expands to Singapore. Engadget interviews Bo Lu, CEO of FutureAdvisor. Micronotes launches Enterprise 4.0 platform that helps convert digital banking traffic into personal conversations and sales.

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