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Why Regulation Won’t Fix Credit Reporting Agencies

PYMNTS

Thirty years later, I find their tagline a rather fitting metaphor for the Equifax data breach and the flurry of headlines made by everyone who now wants to take them — and their two credit reporting agency compadres, Experian and TransUnion — out to the regulatory woodshed. I think we all know the answer to that question now.

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FinTech’s Digital Identity Crisis

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That was the crux of a recent digital discussion Karen Webster had with Ken Allen, SVP of operations at Socure , when the two dug into one increasingly evolving, complex topic that’s driving the future of payments and financial services: authenticating the consumer. “There is no silver bullet in this framework.

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Deutsche Bank Acknowledges Complexity, Confusion In PSD2 Implementation

PYMNTS

Among them are the Regulatory Technical Standards (RTS) on Strong Consumer Authentication (SCA) and Common and Secure Communication (CSC), which will not see an implementation date until the first half of 2019 at the earliest. Proper Preparation.

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Fraud Prevention: Don’t Worry – Be Happy?

PYMNTS

Not only are we going to see [fraud] online, we are going to see it in traditional check-based systems, ACH-based systems, and again coupled with data breaches that we know have happened through insurance companies, payroll companies, etc.,” Mobile can serve as a very unique identifier when it comes to consumer authentication.

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Why Digital Identity Needs A New Normal – Now

PYMNTS

Prideaux said he’d be exaggerating grossly if he said that his phone suddenly had started ringing off the hook in the last few weeks because people have suddenly seen the light on the changing face of consumer authentication. The trouble is that those things are not quite invulnerable, Prideaux noted.