PYMNTS

SEPTEMBER 4, 2019

That can make the authentication process tricky when it comes to satisfying consumers who want things done quickly. In the latest Call Center Commerce Tracker , PYMNTS examines how contact centers are using technologies like AI, biometrics and multifactor authentication (MFA) to keep customers satisfied and, most importantly, safe.

MFA 61

MFA Multifactor Authentication Security Authentication 61

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

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.

API 59

API Payment APIs and Integration Process Multifactor Authentication 59

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.

API 52

API B2B MFA Security 52

Fintech Labs Insights

APRIL 19, 2016

Adding better verification technology to banking and financial apps is a balancing act. In its Finovate debut in London earlier this year, Nexmo , a worldwide leader in cloud communications, demonstrated its solution to this challenge: an SDK that enables developers to add phone verification to their apps with a single function call.

Multifactor Authentication 17

Multifactor Authentication Authentication Mobile Banking Verification 17

PYMNTS

AUGUST 16, 2018

“The answer is to find something that is future-proof,” Nolte told Webster during the discussion, which included examination of what “trust” means for situations that require mobile authentication. PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication.

Mobile Payments 51

Mobile Payments Multifactor Authentication Authentication Payments 51

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.

Multifactor Authentication 55

Multifactor Authentication Disputes Regulations Authentication 55

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.

Fraud Prevention 74

Fraud Prevention Financial Crimes Federal Trade Commission Crime 74

PYMNTS

AUGUST 15, 2018

Recent investment and at least one major acquisition signal even brighter times ahead for the authentication method, but there is still a long way to go. Now, that authentication method is expanding to all of the financial institution’s business and retail accounts. Two years ago, the U.K.-based Security, though, is another goal.

Online and Mobile Banking 44

Online and Mobile Banking Privacy Authentication Multifactor Authentication 44

PYMNTS

JULY 12, 2018

PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication. The product combines chip technology with a fingerprint scanner to verify the cardholder’s identity when making purchases in-store or online. SCA pulls in factors such as ownership (i.e.,

Multifactor Authentication 41

Multifactor Authentication Privacy Visa Authentication 41

PYMNTS

MARCH 20, 2018

Without giving too much away about Semafone’s Voice Challenge entry, Rafferty said AI and machine learning don’t naturally apply to the skill, which involves the generation and verification of unique voice multifactor authentication keys.

Multifactor Authentication 44

Multifactor Authentication AI Best Practices Participant 44

Stax

NOVEMBER 21, 2024

The fact that the customer is not present physically at your store makes it a high-risk transaction, and the use of security measures like two-factor authentication is highly recommended. A good example is restaurants that accept customer takeout orders over the phone.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

Nanonets

SEPTEMBER 12, 2023

It addresses the automation and document management needs of businesses in the following ways: Document Automation: Nanonets can automate document processes like document data capture, extraction, document verification, document search, document archiving, and more.

Automation 52

Automation Payment APIs and Integration Process AI 52