Fintech News

JANUARY 16, 2024

In line with this, Rently incorporates robust security measures into its platform including rigorous landlord verification and the integration of SingPass, Singapore’s official digital ID, to ensure user authenticity.

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User Authentication Disputes Scams Verification 106

Fintech Finance

MAY 2, 2024

Pay by Bank is now live for TransferGo’s customers in the UK, introducing a new way to more securely and quickly send money internationally. With zero data entry and fewer redirects, this account-to-account payment method provides a low-cost, streamlined experience by letting users authenticate and initiate payments in a couple of clicks.

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User Authentication Financial Inclusion Embedded Payments Authentication 52

VISTA InfoSec

JANUARY 22, 2024

While the previous two requirements focused on network and access control, Requirement 3 tackles the crucial issue of securing sensitive cardholder information once it’s captured and stored. It boils down to minimizing the risk of data breaches and maximizing the security of cardholder information. PCI DSS v3.2.1 PCI DSS v4.0

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The Paypers

AUGUST 21, 2018

(The Paypers) Capital One , a US-based banking group, is considering using blockchain to usher in convenient and secure user authentication methods.

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Authentication Blockchain User Authentication Security 28

Fintech Labs Insights

OCTOBER 7, 2015

Our goal is to help you get your app built, published, and adopted as quickly as possible using best-in-class tools, high-quality APIs, industry leading security practices and dedicated support. Access end-user authenticated data from over 20,000 financial institutions. Intuit’s Financial Data APIs.

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PYMNTS

AUGUST 21, 2019

Along with the growing popularity of IoT devices, from fitness wearables to smart fridges, comes increased security and privacy issues. The latest Intelligence of Things (IoT) Tracker details how these concerns are driving providers to develop new security approaches. Who’s Responsible for Smart Device Security?

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Security Data Breach Encryption Breach 66

FICO

JANUARY 13, 2020

Identity proofing and authentication will be an emerging focus area in 2020. As banking has moved online, identity proofing and user authentication become more of a necessity. It is possible this could push the publishing of a final rule into 2021. Well, my finance policy picks are in and I am on record.

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PYMNTS

AUGUST 30, 2016

If that weren’t enough, its unique “thump-thump” beating sound can now also authenticate a user on a Windows PC or even pay for a purchase, thanks to wearable biometric authentication technology from a company called Nymi. What we’re working to deliver is persistent authentication,” Martin told PYMNTS.

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CB Insights

AUGUST 22, 2018

The mechanism allows users to control devices via touch patterns on a cord instead of through buttons. Among its promised applications, it has the potential to shake up user authentication methods, which often rely on the use of passwords. more security in user authentication.

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Authentication User Authentication Use Case Compromise 33

Fi911

OCTOBER 11, 2023

In doing so, it protects our banking processes and ensures only authentic interactions. Liveness detection is a pivotal security feature in different authentication processes, including biometric verification. The underlying premise is simple: authentic human features display innate motions and expressions.

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Deepfake Verification Authentication Breach 52

PYMNTS

SEPTEMBER 17, 2020

The challenges of maintaining this trust are now under pressure from the COVID-19 pandemic, however, which has seriously battered the sharing economy as ride- and homesharing businesses develop tactics to convince consumers of their security and restore the sector. . Seamless, Secure Onboarding . More than 111 million U.S.

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Verification Authentication Economy Data Breach 89

PYMNTS

NOVEMBER 16, 2020

“It wasn't necessarily fundamentally that different from the kind of fraud that we've seen in the past, but people and businesses forgot good [ security ] practices because there was such a sense of urgency and the environment.”. Customers are largely willing to accept a little extra friction in the name of security, Kakani noted.

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Authentication Best Practices Multifactor Authentication Fraud Prevention 72

Finovate

OCTOBER 3, 2024

Last month, IDVerse announced the beta launch of its real-time face matching solution , Face Access , that offers 99.998% accuracy and instant, secure user authentication.

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Verification Deepfake Fraud Prevention User Authentication 59

PYMNTS

SEPTEMBER 14, 2018

The technology can authenticate logins by using two-factor authentication to confirm a user’s identity. The Project Verify solution will change identity management and security, replacing passwords with more secure, device-based, multi-factor authentication.

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Authentication User Authentication Data Breach Credential 65

PYMNTS

SEPTEMBER 15, 2020

They must reassure customers they are safe from viral contagion in sharing economy spaces while ensuring their personal data is secure from rising incidents of fraud. Payments providers are seeking more secure and compliant ways of onboarding and authenticating customers to help deter online fraud. About The Tracker.

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Fintech Finance

APRIL 22, 2024

Prior to partnering with Tink, Splitwise users had to exit Splitwise and go to their banking app to initiate payment and then return to Splitwise to confirm they had settled up with their friends. Now, friends can link their bank account and settle up in seconds by initiating a secure bank-to-bank payment.

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Payments User Authentication Checks Accounts 52

Payments Source

JULY 16, 2018

Overreliance on the smartphone risks mistaking device authentication for user authentication.

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User Authentication Authentication Risk Compliance 62

PYMNTS

SEPTEMBER 18, 2020

Making sure that you are being yourself, so to speak, is the province of ever-smarter authentication systems that verify parties to a transaction and keeping things legit. Attracting more participants in the sharing economy requires that new and existing users feel comfortable sharing their homes, cars, assets or expertise.

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Verification Economy Authentication Account Takeovers 62

PYMNTS

JANUARY 25, 2019

In the January PSD2 Tracker , PYMNTS examines how money movement and data flow are getting an upgrade with PSD2, as well as how the upcoming SCA regulation is bound to affect user authentication. PSD2 may have a greater effect on payments, even outside the EU, as consumers all over the globe are clamoring for more data security.

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PYMNTS

AUGUST 15, 2019

Amid a series of announcements, marquee names in tech — Google and Microsoft — have fired shots across the bow of static security efforts that involve your mother’s maiden name or where you went to elementary school. or FIDO2), which helps companies bypass passwords for authentication that involves fingerprints or facial recognition.

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Fi911

AUGUST 15, 2023

This could refine the process of securities selection, tailoring them to customer requirements. This effectively counters the ill-intended utilization of such advanced technologies, ensuring a safe and secure digital environment for financial transactions. This will ensure a seamless customer journey without compromising trust.

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PYMNTS

JULY 28, 2017

The company just shared news of securing a new patent, Device, Method, and System of Detecting Remote Access Users and Differentiating Among Users. ” Interrupting a users’ experience and catching the hacker after login is something that has likely been an issue in the online arena for quite some time.

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FICO

DECEMBER 5, 2022

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. Yet along with digital adoption, FIs are also butting up against entrenched consumer thinking that creates security risks. Tue, 07/02/2019 - 02:45.

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PYMNTS

APRIL 24, 2018

Last week, the FIDO Alliance and the World Wide Web Consortium announced the launch of Web Authentication (WebAuthn), billed as a password-free browser. In an interview with Karen Webster, Brett McDowell, executive director of the FIDO Alliance , said this is the beginning of what might be a sea change in authentication. “I

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Authentication User Authentication Security API 56

PYMNTS

MAY 3, 2016

What this entails is using Samsung SDS FIDO Authentication to enable banking and mobile payments customers to use select OEMs (original equipment manufacturers) and the handheld device of their choice to make such payments. “In

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Mobile Payments Payment Solutions Online and Mobile Banking User Authentication 40

FICO

DECEMBER 18, 2017

In an interview with TechRepublic a few days ago, Gartner research director Jeff Wheatman said, “It's no longer just about understanding whether a company you're going to do business with is credit-worthy, we need to understand what their security posture is, because it's going to have an impact on our security posture.”

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PYMNTS

OCTOBER 10, 2019

Knowledge-based authentication (KBA) tools, including passwords and security questions, tend to be the primary strategy for verifying identity, and this is true for areas of financial services beyond the consumer world. The same goes for small business users, too.

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Small Business Authentication Online and Mobile Banking Risk Mitigation 49

PYMNTS

NOVEMBER 26, 2019

In one tactic blending low and high tech, a fraudster can find a victim’s phone number online, call the victim with a spoofed bank phone number (pretending to be the bank), explain that a one-time password (OTP) is being sent, and trick them into divulging their own login credentials or reading the security OTP code over the phone.

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Real Time Payments Authentication Fraud Prevention Credential 61

Payment Savvy

MAY 12, 2023

With the increasing need for cost savings, efficient payment processing, and secure financial data management, payment automation has become an essential tool for modern businesses. We will also explore how payment automation streamlines accounts payable departments, improves supplier relationships, and enhances security considerations.

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The Fintech Times

JUNE 18, 2024

Signicat , a digital identity and identity fraud prevention solutions provider, has launched a new feature in its MobileID product: Face Authentication. MobileID is Signicat’s flagship product for secure user authentication via mobile apps.

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PYMNTS

JANUARY 25, 2021

Earlier iterations of EMV struggled to perform user authentication without disrupting the consumer. I believe that businesses can prepare for 2021 by prioritizing the implementation of these remote payment security solutions. The rails of the payments industry were not built for eCommerce and have long remained that way.

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PYMNTS

MAY 24, 2018

That consumer could make secure transactions or add items to a daily calendar or perform any of the other tasks possible in a world where voice recognition has become ubiquitous. biometric technology that, in this latest version, includes new embedded voice authentication features and accuracy improvements. We are not there yet.

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PYMNTS

FEBRUARY 14, 2017

The cash dispensers include advanced software-enabled digital functions such as being able to authenticate and transact without the need for a card reader or PIN pad. With the CS 2020, we as a technology innovation leader created a system that merges today’s needs with tomorrow’s vision for cash access for all users. ” .

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EBizCharge

OCTOBER 25, 2023

Sensitive or confidential data can include customer data records, bank account numbers, Social Security numbers, healthcare information, intellectual property, etc. Ultimately, psychological manipulation is used to trick individuals into giving away sensitive information or making security mistakes.

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PYMNTS

AUGUST 22, 2018

The advantages extend from transparency to security and, of course, immutability. Patent and Trademark Office that would leverage blockchain to secure user authentication efforts and boost security initiatives. Securities Offerings, Too. In patent news, Capital One has filed an application with the U.S.

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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.

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PYMNTS

DECEMBER 7, 2016

But however different American Express may be from its founding days, according to Anré Williams, President of Amex Global Merchant Services, there’s one thing that has never changed: Getting things — be they physical goods or digital payments — from point A to point B securely and without issue.

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