Clearly Payments

MARCH 22, 2024

In the landscape of commerce, mobile payments have emerged as a disruptive force, altering the way people engage in financial transactions. As technology advances and consumer preferences evolve, the trajectory of mobile payments promises unparalleled convenience, robust security, and seamless integration into our daily lives.

Contactless Payments 105

Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

PYMNTS

OCTOBER 9, 2020

Digital-first banks, insurance firms and merchants are tasked with protecting against the schemes to keep their customers’ data secure. It also explores what tools or technologies banks, merchants or other entities could use to enhance their email verification and general onboarding process as the volume of fraud attempts continues to grow.

Verification 83

Verification Consumer Online and Mobile Banking Scams 83

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. . We have bank-level encryption to ensure information is safe and secure. “We

Verification 83

Verification Multifactor Authentication Authentication Online and Mobile Banking 83

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.

MFA 97

MFA Multifactor Authentication Verification Authentication 97

FICO

OCTOBER 16, 2020

With ambitious goals to open up banking and decimate fraud, PSD2 has taken a long time to deliver, and we’re not quite there yet. In many European Union countries, the implementation of Strong Customer Authentication will become a reality in the coming months – but are they ready? And perhaps more importantly, are their customers?

Authentication 52

Authentication Online and Mobile Banking Card Issuer Issuers 52

PYMNTS

OCTOBER 7, 2020

Higher volumes of consumers are continuing to shop online even as brick-and-mortar stores reopen. The expansion of digital banking and payments has also contributed to a rise in cybercrime — 32 percent of consumers noted in one study that they had been the targets of COVID-19-related fraud, for example.

Verification 89

Verification Identity Theft Online and Mobile Banking Authentication 89

PYMNTS

SEPTEMBER 8, 2020

Mitek , which provides software and authentication services, said it has upped its game with its release of Mobile Deposit 4.8, a mobile banking app. Its Mobile Deposit solution has been licensed by more than 6,400 financial institutions. Premier” checking account customers.

Mobile Banking 52

Mobile Banking Mobile Deposit Online and Mobile Banking Authentication 52

PYMNTS

NOVEMBER 26, 2020

Many banks, utility companies and government agencies have been leveraging two-factor authentication (2FA) for several years. It appears that these stepped-up verification approaches are warranted, too, as tales of security breaches that have ensnared unsuspecting internet users are rampant. Leveraging phone-based verification.

Verification 69

Verification Security Authentication Online and Mobile Banking 69

FICO

OCTOBER 16, 2020

With ambitious goals to open up banking and decimate fraud, PSD2 has taken a long time to deliver, and we’re not quite there yet. In many European Union countries, the implementation of Strong Customer Authentication will become a reality in the coming months – but are they ready? And perhaps more importantly, are their customers?

Authentication 40

Authentication Online and Mobile Banking Card Issuer Issuers 40

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.”.

MFA 71

MFA Verification Online and Mobile Banking Multifactor Authentication 71

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.

Fraud Prevention 52

Fraud Prevention Process FinTech Online and Mobile Banking 52

PYMNTS

JUNE 4, 2019

The rise of the digital economy has resulted in growing concerns about identification, not the least of which is making sure that people who try to open financial accounts, or complete a variety of online or mobile transactions, are who they say they are. Evolving ID. The boring, mundane phone number can do the trick. Beyond Speed.

Verification 62

Verification Online and Mobile Banking Fraud Prevention Privacy 62

PYMNTS

JANUARY 26, 2018

Sometimes eCommerce retailers need to verify a customer’s identity at checkout, but the authentication process often leads to lost sales. Methods like a one-time password sent by text message (SMS), for example, can cause many consumers to abandon their online shopping carts. Not a New Concept.

Authentication 66

Authentication Visa Regulations Online and Mobile Banking 66

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

JULY 1, 2019

There is a growing need for stronger authentication methods as the number of attacks continues to climb. Modern customers are much more likely to grow frustrated by lengthy processes and switch to other banks, after all. Biometrics and the Benefits for Security .

AI 75

AI Authentication Online and Mobile Banking Verification 75

PYMNTS

JUNE 29, 2020

The COVID-19 pandemic is one of the most monumental crises the banking industry has faced, and the sector must stare down the dual challenges of creating safety measures at branch locations while addressing the ongoing economic downturn that has stretched their capacity for processing and deferring loans.

Online and Mobile Banking 126

Online and Mobile Banking IRS Adjustments Checks 126

FICO

AUGUST 24, 2020

This week’s reveal: prior to March 2020, I had never used the mobile deposit feature of the banking app on my phone. Second, after I figured out how to use mobile deposit the first time, I asked myself, “Why did I ever go to the bank? Mobile deposits are so easy!”. Mobile deposits are so easy!”.

Online and Mobile Banking 52

Online and Mobile Banking Mobile Deposit Funds Availability Fraud Detection 52

Stax

AUGUST 29, 2024

The dominance of cashless commerce means only businesses that ensure the seamless processing of in-store and online credit and debit card payments will remain competitive. The company also provides a card reader and mobile POS app for free. Read on to find out.

Payment Service Provider (PSP) 88

Payment Service Provider (PSP) Service Provider Payment Gateways Online and Mobile Banking 88

PYMNTS

JANUARY 31, 2018

In online banking, 40 percent abandonment is … intolerable. As many as four in 10 consumers have at some point in their journey into online banking found the process frustrating enough to give up, as estimated by Signicat. In life, 40 percent of anything is a lot. And the frustration level has grown.

Online and Mobile Banking 61

Online and Mobile Banking Push-to-Card Money Laundering AML 61

PYMNTS

JULY 1, 2019

Mobile order-ahead apps are growing more popular by the day, and restaurants are clamoring to get on board. A QSR Magazine study found that 73 percent of diners have used mobile ordering, 63 percent have at least one mobile ordering app on their phones and 35 percent use mobile ordering every time they visit QSRs.

Account Takeovers 66

Account Takeovers Online and Mobile Banking Data Breach Credit Cards 66

PYMNTS

JUNE 4, 2019

According to a report in The Financial Times , the new rules, which require more verification for online payments of more than €30 and go into effect in September, require big changes to processes and technology at retailers, banks and payment groups. The new rules are aimed at reducing fraud. That could result in lost sales.

Risk 66

Risk Online and Mobile Banking Rules Verification 66

PYMNTS

OCTOBER 12, 2020

Startling new technologies from mobile to cloud are revolutionizing identity verification during the mass migration to digital everything. What is changing about email verification, however, is our ability to verify emails in new ways, with new capabilities and increasingly flexible technology solutions.”.

Verification 67

Verification Ubiquitous Online and Mobile Banking Authentication 67

PYMNTS

MARCH 14, 2017

As banks and payments companies endeavor to meet anti-money laundering (AML) regulations to avoid hefty fines for non-compliance, easily identifying customers in the digital channel becomes paramount to their success. Essentially, the identity verification process can be a major friction point. In the U.S. Getting Implementation Right.

AML 44

AML Verification Money Laundering Authentication 44

PYMNTS

JUNE 8, 2020

The new coronavirus led many financial institutions (FIs) to close or limit the hours of operation of their brick-and-mortar branches amid stay-at-home orders, in effect making digital platforms the only option for many consumers to interact with their banks. Around The Digital Onboarding World.

Online and Mobile Banking 62

Online and Mobile Banking Mobile Banking Verification Accounts 62

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 Government 57

PYMNTS

JULY 17, 2019

There are billions of individuals online, trillions of dollars in commerce exchanged digitally, and a myriad of approaches to online verification. In terms of authentication, should there be government mandates, private sector ingenuity, or a combination of both?

Verification 74

Verification Cross-Border Push-to-Card Online and Mobile Banking 74

PYMNTS

OCTOBER 1, 2019

The company sells authentication software to Mastercard, T-Mobile, Rakuten and Aetna, and the round was led by the venture capital arm of Comcast, Fortune reported. . 406 Ventures joined as well as investment bank Allen & Co. The company’s technology keeps cryptographic keys that are private on mobile devices.

Authentication 40

Authentication Online and Mobile Banking Visa Compromise 40

PYMNTS

JUNE 4, 2020

Some players in the space are now suggesting that open banking could be a tool to help FIs accelerate the know your customer (KYC) processes. FIs that enable open banking make application program interfaces (APIs) available to third parties, which can then use the APIs to seamlessly draw on customer data. Around The AML/KYC Landscape.

Money Laundering 63

Money Laundering Payment APIs and Integration Online and Mobile Banking AML 63

PYMNTS

OCTOBER 10, 2019

Though financial services players may be excited about the prospect of cutting costs and improving automation through the adoption of digital identities (as opposed to physical identity documents), more traditional identity verification tools continue to dominate. The same goes for small business users, too.

Small Business 49

Small Business Authentication Online and Mobile Banking Risk Mitigation 49

Payment Savvy

MAY 10, 2024

This powerful technology bridges the gap between your bank accounts and various digital financial tools. Plaid is a financial technology company that specializes in securely exchanging financial data between banks and third-party applications. The process begins when Venmo prompts you to input your online banking username and password.

Payment APIs and Integration 52

Payment APIs and Integration Venmo Privacy Credential 52

PYMNTS

JANUARY 19, 2021

What if close to half of all companies surveyed said productivity during COVID-19 work-from-home (WFH) orders is actually rising, as more business is conducted efficiently online and less time goes into commutation or gets siphoned off by sundry other office intrusions? Well, they’ve said it. billion in 2020 alone.”.

Continuity 60

Continuity Verification Online and Mobile Banking Cross-Border 60

PYMNTS

MAY 13, 2019

So, it is in banking with fraudsters and their victims, where attacks leverage weak points inherent in existing technologies and processes. The access lets the bad guys steal identities and drain bank accounts. And why would you want your banking built on that inherently insecure system?” They gain access.

Online and Mobile Banking 53

Online and Mobile Banking ATM Authentication Compromise 53

FICO

DECEMBER 5, 2022

Top 5 Surprises from FICO’s Fraud and Digital Banking Survey. Financial Institutions, such as banks, have expended great effort to improve digital security, yet bad actors are multiplying and attacks have increased in scope and frequency. million identity theft reports filed in 2021, many of which relate back to banks and lenders.

Online and Mobile Banking 52

Online and Mobile Banking Authentication Identity Theft Security 52

Seon

MAY 23, 2024

Traditional anti-fraud methods, like device checks, two-factor authentication (2FA), biometrics and security questions, are outdated against emerging innovative technologies that are compelling new forms of sophisticated fraud.

Fraud Prevention 52

Fraud Prevention Deepfake Fraud Detection Authentication 52

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. Digital IDs are growing more popular among world governments as well.

Authentication 71

Authentication Online and Mobile Banking Verification Governance 71

PYMNTS

MARCH 11, 2020

The March AML/KYC Tracker® explores the changing regulatory environment and new initiatives for improving customer identity verification and authentication. The Reserve Bank of India recently released guidelines outlining an approved method that private companies could use for conducting KYC checks online by using videos.

Global Payments 60

Global Payments Money Laundering AML Online and Mobile Banking 60

PYMNTS

SEPTEMBER 9, 2020

Trulioo , which provides identity verification services, will now be able to perform those functions in Pakistan, according to a press release emailed to PYMNTS. Trulioo CEO Steve Munford said the idea is to help along the expansion of banking access.

Verification 82

Verification Online and Mobile Banking Funds Transfer Economy 82