Evolve Payment

OCTOBER 22, 2024

This newly developing deepfake trend poses a serious risk to businesses of all sizes, making advanced identity verification more critical than ever. One way we do this is through rigorous qualification processes, which sometimes include requests that seem strange on the surface, such as requesting a selfie for identity verification.

Deepfake 98

Deepfake Verification Fraud Detection AI 98

PYMNTS

AUGUST 11, 2020

In the latest Digital Consumer Onboarding Tracker® , PYMNTS analyzes how the ongoing COVIID-19 pandemic is continuing to affect digital onboarding, the technologies companies are employing as part of these processes and why robust address verification has become essential during this time. Around The Digital Onboarding World.

Addressing 99

Addressing Verification API Authentication 99

PYMNTS

SEPTEMBER 23, 2020

California-based Jumio said its artificial intelligence (AI)-fueled identity verification offerings are now available to Microsoft Azure Active Directory External Identities for business-to-consumer (B2C) clients.

Verification 92

Verification B2C Best Practices Data Breach 92

PYMNTS

NOVEMBER 20, 2020

An old Los Angeles gas station is getting a new life as a drive-thru authentication hub for eBay , according to a company statement on Friday (Nov. eBay’s first-ever "Authentication Station" can be used by sellers to verify the authenticity of frequently counterfeited merchandise like sneakers and watches.

Authentication 98

Authentication NOV Verification Global Payments 98

Segpay

OCTOBER 17, 2024

Age verification systems are essential tools for ensuring compliance with regulations designed to prevent minors from accessing inappropriate content or services. What is Age Verification? Verification can be completed using government-issued ID scans, credit card authorizations, or other forms of identity verification.

Verification 92

Verification Privacy Laws Compliance 92

PYMNTS

NOVEMBER 25, 2020

He said that identity verification can be well-achieved by AI models, but the teams creating those models need access to data that doesn’t have built-in bias. A starting point to conducting identity verification is document-based, he said. By contrast, face verification is about establishing one’s identity.

AI 141

AI Verification Disaster Recovery Authentication 141

PYMNTS

NOVEMBER 24, 2020

This is leading many to utilize two-factor authentication (2FA) methods to safeguard customers’ personal information. Many FIs and businesses are relying on 2FA measures that leverage SMS — or text message-based — verification to cater to a growing number of consumers who are using mobile channels to transact. About The Tracker.

Authentication 108

Authentication Consumer Online and Mobile Banking Verification 108

VISTA InfoSec

FEBRUARY 25, 2024

User Account Details Usernames, passwords, security questions, login timestamps, failed login attempt logs, password reset tokens, multifactor authentication details, and session IDs. Accidental data leaks by insiders mishandling information also trigger breaches frequently.

Data Breach 266

Data Breach Breach Multifactor Authentication Cybersecurity 266

PYMNTS

SEPTEMBER 17, 2020

Identity verification provider Jumio found in its Global Trust and Safety Survey that one in five U.S. The sharing economy — a market projected to be valued at more than $300 billion by 2025 — can adopt a number of different digital identity verification tools to help build that trust, however. . Seamless, Secure Onboarding .

Verification 89

Verification Authentication Economy Data Breach 89

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.

Authentication 98

Authentication Bots Identity Theft Mitigation 98

The Paypers

APRIL 26, 2024

Entrust has introduced an authentication solution consolidating identity verification (IDV) and identity and access management (IAM) into a single platform.

Authentication 69

Authentication Verification 69

PYMNTS

JANUARY 18, 2021

The following Deep Dive examines the logistical challenges businesses are confronting as they work to remotely vet and hire new employees and analyzes how digital identity verification solutions can ease the task. . ID Verification In The Remote Age . Remote Hiring Now And In The Future .

Verification 112

Verification Process Procedures Money Laundering 112

Stax

AUGUST 20, 2024

One solution to counter this problem is 3D Secure Authentication. This article will discuss what 3D Secure Authentication is and how the 3DS authentication process works. We will also examine the benefits of using 3D Secure Authentication for merchants and provide some tips on implementing it at online checkout.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

PYMNTS

DECEMBER 8, 2020

The December AML/KYC Tracker® explores the latest in AML/KYC developments, including the growing problem of money laundering at cryptocurrency exchanges, the transaction analysis and user verification procedures exchanges are deploying to stop launderers, and the still-extant problem of money laundering at traditional financial institutions.

AML 104

AML Cryptocurrency Verification Money Laundering 104

PYMNTS

APRIL 21, 2020

The Royal Bank of Canada (RBC) is one such FI that recently rolled out digital government identity verification capabilities, allowing customers to verify their identities using its RBC mobile app. Customers click on their IDs in the mobile app to receive and complete ID verification processes at home with a high level of security.

Verification 121

Verification Accounts Online and Mobile Banking CHIPS 121

The Paypers

NOVEMBER 21, 2024

Global identity verification provider Shufti has announced the launch of its Fast ID authentication and portable identity service for its customers.

Authentication 69

Authentication Verification 69

Fintech Finance

AUGUST 5, 2024

For the past 25 years, he has been involved in online identity verification including being a key member of the team that built the UK’s first eIDV product (BT URU). David then moved on to work with GBG to lead the development team on their ID3 Global online identity verification product, which was the global market leader for many years.

Technology 124

Technology Financial Crimes Verification Crime 124

Fintech Review

OCTOBER 1, 2024

A new focus on digital identity verification As the financial landscape continues to evolve, the importance of Anti-Money Laundering ( AML ) and Know Your Customer (KYC) processes has never been more pronounced. Surveying 1000 consumers, the study delved into their experiences and expectations regarding digital verification.

AML 98

AML Verification Research Consumer 98

PYMNTS

SEPTEMBER 16, 2020

Sharing economy providers must rely on digital verification to ensure that hosts and users are safe, Paine explained. Stashbee’s verification process begins by guiding potential hosts during the creation of their online shopfronts. The final host verification step involves getting set up with Stashbee’s payment system.

Verification 92

Verification Economy Checks Authentication 92

The Fintech Times

AUGUST 30, 2024

To speed up this process to a matter of seconds, iDenfy , the Lithuanian regtech, is launching its new ‘Face Authentication’ service. The iDenfy Face Authentication check enables businesses to onboard new customers quickly and securely. The extracted information then verifies the authenticity of the face.

Authentication 64

Authentication Due Diligence Verification Compliance 64

VISTA InfoSec

MARCH 28, 2024

For example, if you’re only shipping products, you might not need to collect customers’ birthdates unless it’s relevant for legal age verification. Use strong, unique passwords and consider multi-factor authentication for an added layer of data security.

Data Breach 277

Data Breach Regulatory Compliance Breach Encryption 277

Fintech News

FEBRUARY 7, 2024

Entrust, known for its secure payments, identities, and data protection solutions, has confirmed that it is in the midst of discussions to acquire Onfido , a London-based firm specialising in artificial intelligence (AI) and machine learning (ML) powered identity verification technologies. said Mike Tuchen, Onfido’s CEO.

AI 115

AI Acquirers Verification Legal 115

The Fintech Times

JUNE 8, 2024

Moneyhub , the UK-based data and payments platform, has launched its new account verification service, powered by open banking, to enable better payment security utilising bank-level security controls (including PSD2 SCA) and biometrics.

Verification 59

Verification Accounts Payment APIs and Integration Online and Mobile Banking 59

Fintech Finance

JUNE 14, 2024

Fingerprint Cards AB (Fingerprints ) and WiBioCard , an Italy-based smart card integrator specializing in web access authentication, verification and physical and logical access control have partnered to offer innovative smart card solutions for the global access market.

Verification 98

Verification Privacy Authentication End User 98

The Fintech Times

SEPTEMBER 21, 2024

Major retail banks in Singapore are set to progressively implement Singpass Face Verification (SFV) in the near future, as the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) plan to strengthen the digital token (DT) setup process for retail banking customers.

Verification 72

Verification Scams Financial Crimes Crime 72

Fintech Finance

JUNE 7, 2024

Moneyhub , the market-leading data and payments platform, has today announced the introduction of its account verification service. Powered by Open Banking, Moneyhub Account Verification enables better payment security utilising bank level security controls (including PSD2 SCA) and biometrics.

Verification 52

Verification Accounts Payment APIs and Integration Online and Mobile Banking 52

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.

Authentication 64

Authentication Fraud Prevention Consulting AI 64

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.

Multifactor Authentication 97

Multifactor Authentication MFA Verification Online and Mobile Banking 97

PYMNTS

AUGUST 3, 2020

That’s meant busy times for Melissa, which has spent over three decades in the digital-identity verification and authentication business. Laing also noted that regulations governing customer authentication are growing stricter than ever. Electronic Identity Verification Takes Center Stage . rose 33 percent in April.

Verification 90

Verification Authentication On-Demand Checks 90

PYMNTS

OCTOBER 7, 2020

Having robust verification tools in place during the digital onboarding experience — including tools that can help verify users’ email addresses and payment details — is one way to help establish consumer trust, as well as keep fraudsters at bay. Deep Dive: Why FIs, Businesse s Must Upgrade Email Verification To Keep Fraud At Bay.

Verification 89

Verification Identity Theft Online and Mobile Banking Authentication 89

PYMNTS

NOVEMBER 3, 2020

Digital IDs and biometrics have been gaining momentum in airports nationwide, especially since the pandemic expanded the use of biometric scans as an authentication method that is not only more convenient, but actually safer by being more contact free. Expanding the Biometric Authentication Base. What American Airlines Is Adding.

Technology 123

Technology Verification Authentication Enrollments 123

VISTA InfoSec

FEBRUARY 28, 2024

Today, we turn our attention to Requirement 8: Identify Users and Authenticate Access to System Components. Changes Core Requirement Authentication must use at least one of the following: - Something you know (password) - Something you have (token) - Something you are (biometrics) Same core requirement. c (v3.2.1) -> 8.2.2.c

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

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.

Verification 59

Verification Fraud Prevention User Authentication AI 59

Finovate

JUNE 11, 2024

An injection attack occurs when a fraudster injects a deepfake– which could be a synthetic document, video, facial image, or audio representation– into an identity verification workflow to spoof the system. This works to bypass traditional fraud detection and identity verification methods.

AI 105

AI Fraud Detection Deepfake Verification 105

VISTA InfoSec

JUNE 18, 2024

In addition to access control, fortify your defenses with Multi-Factor Authentication (MFA). This advanced data security measure demands additional verification beyond just a device passcode, such as a fingerprint scan or random code from a mobile app. A crafty hacker could infiltrate accounts secured by flimsy credentials.

Data Security 254

Data Security Security Encryption Cybersecurity 254

Fintech Finance

NOVEMBER 25, 2024

These transactions are initiated through existing bank authentication processes, including biometric verification, making the payment process both straightforward and efficient. “At In contrast to traditional payment methods, open banking enables any bank account holder to make fast digital payments directly to a merchant.

Visa 96

Visa Payment Gateways Payments Gateways 96

Fintech News

JANUARY 10, 2024

Recognising the shift towards mobile devices as a primary means of payment and financial services, IDGATE introduced iDenKey, a notable device binding technology that supports risk-based multi-factor authentication and introduced the in-app push notification mechanism.

AML 119

AML Money Laundering Authentication Procedures 119