The Payments Association

OCTOBER 28, 2024

Scalable solutions that evolve with industry needs—supporting new security protocols, consumer authentication technologies, and seamless interoperability across various payment schemes—are essential.

Card Issuer 88

Card Issuer Issuers Payment APIs and Integration Interoperability 88

The Paypers

MAY 19, 2021

Payway , a US-based payment processing solution provider, has partnered with PAAY , a consumer authentication service provider, to bring 3-D Secure to merchants.

Security 41

Security Consumer Authentication Authentication Service Provider 41

The Paypers

JANUARY 14, 2021

Silkbank has partnered with Visa to utilise their ‘Visa Consumer Authentication Service’ (VCAS), which provides the bank risk-based authentication to reduce fraud and false declines through an improved online authentication service.

Consumer Authentication 36

Consumer Authentication Authentication Risk Consumer 36

PYMNTS

DECEMBER 17, 2018

In a press release , EMVCo said the specification has been updated to include enhancements that will better promote and optimized the consumer experience and at the same time support new authentication abilities when making purchases online. The EMV3DS version 2.2.0

EMV 53

EMV Consumer Authentication Authentication Issuers 53

Fintech Finance

JUNE 5, 2024

Additionally, another benefit is the minimised risk of fraud since consumers authenticate each payment directly through their banking solution.

Payments 52

Payments Consumer Authentication SWIFT Service Provider 52

PYMNTS

APRIL 18, 2019

30: Transactions under this amount are exempt from Strong Consumer Authentication. trillion: Value of the POS financing market opportunity. 90 percent: Approximate loan approval rate via the Vyze platform. €30: 2,000: Maximum Walmart purchase amount eligible for POS financing.

Fraud Prevention 57

Fraud Prevention Consumer Authentication Authentication Payments 57

PYMNTS

NOVEMBER 10, 2020

New York-headquartered PAAY, a consumer authentication innovator co-founded in 2011 by James Ruffer and Yitz Mendlowitz, has a new security solution that aims to obliterate hacking and fraud threats.

Transactions 93

Transactions Security Encryption CCPA 93

The Paypers

MAY 25, 2018

(The Paypers) iovation , a provider of device reputation and behavioural insights for fraud detection and consumer authentication, has announced several new capabilities to its FraudForce solution.

Fraud Prevention 28

Fraud Prevention Fraud Detection Consumer Authentication Authentication 28

The Paypers

SEPTEMBER 26, 2016

(The Paypers) Ecommerce Europe, EDiMA, EPIF, Choice in eCommerce and CCIA have endorsed a study by Clever Advice as the EBA prepares its technical standards on Strong Consumer Authentication.

Consumer Authentication 28

Consumer Authentication Authentication Payments Consumer 28

PYMNTS

SEPTEMBER 28, 2020

Strong consumer authentication comes in several forms, and it’s time to pick one. “A Some are posing as government officials and asking for personal information for stimulus checks, for example, while others are targeting cryptocurrencies.”.

Financial Crimes 81

Financial Crimes Crime Due Diligence Federal Trade Commission 81

PYMNTS

JANUARY 3, 2019

includes enhancements to support new authentication procedures for online purchases, which could help stop unauthorized card not present transactions. Its EMV 3-D Secure Protocol and Core Functions Specification v2.2.0

EMV 60

EMV Fraud Detection Consumer Authentication Authentication 60

Finovate

OCTOBER 16, 2024

Also, firms can implement advanced consumer authentication methods and mandate ongoing fraud prevention training for staff to further mitigate risks. Banks can add a layer of protection by deploying real-time fraud monitoring systems to detect suspicious activities using AI and machine learning.

FedNow 59

FedNow Instant Payments Disputes Federal Reserve 59

PYMNTS

JANUARY 24, 2020

Anti-fraud efforts can seem like word salad with exotic ingredients being tossed around: strong consumer authentication ( SCA ), two-factor authentication (2FA), the second Payment Services Directive (PSD2) … you get the idea. Ask consumers what they want, however, and the acronyms vanish like a metaphor for things that vanish.

Authentication 66

Authentication Mobile Banking Consumer Authentication Transactions 66

PYMNTS

SEPTEMBER 14, 2017

In a press release , ICBA Bancard said with the partnership, CardinalCommerce will provide its data-driven consumer authentication solution, which helps reduce online fraud for ICBA Bancard client banks. “As ICBA Bancard , the payments services unit of the Independent Community Bankers of America (ICBA), announced Wednesday (Sept.

Authentication 51

Authentication Community Banks Chip Cards Issuers 51

PYMNTS

JUNE 26, 2020

Many of these consumers are exploring digital banking for the first time, however, and are frustrated by customer onboarding pain points. Time-consuming authentication methods, redundant application forms and sluggish processes can all drive away potential customers.

Online and Mobile Banking 88

Online and Mobile Banking Checks Consumer Authentication Audit 88

PYMNTS

MAY 18, 2016

approaching a couple thousand dollars, and each incident of eCommerce fraud costing merchants several hundred dollars, now is the time to wonder if the traditional methods of consumer authentication are pulling the weight that they once did. With the average loss of a single fraudulent “new” online bank account in the U.S.

Authentication 40

Authentication Online and Mobile Banking Consumer Authentication Treasury 40

PYMNTS

FEBRUARY 19, 2020

Game-changing identity/security edicts like the European Union’s second Payment Services Directive (PSD2) and its strong consumer authentication (SCA) requirement has hit implementation snags , further complicating matters. Fraudsters can seem like unstoppable ghosts in the machine, outsmarting or overwhelming intervention attempts.

Law Enforcement 52

Law Enforcement Fraud Detection Phishing Bots 52

PYMNTS

JUNE 14, 2016

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.

Authentication 42

Authentication Consumer Authentication Verification Online and Mobile Banking 42

PYMNTS

MAY 22, 2018

Jim Peck, TransUnion’ s president and chief executive officer, said “iovation has unique device identity and consumer authentication capabilities that help businesses and consumers seamlessly and safely transact in a digital world,” in the press release announcing the deal.

Authentication 40

Authentication Consumer Authentication Verification Transactions 40

PYMNTS

JUNE 9, 2020

Increasingly, that work is being performed by dynamic global identity verification platforms that use strong consumer authentication (SCA) and/or multi-factor authentication (MFA) to harden the onboarding process against an army of cyberthieves exploiting pandemic disorder. percent ‘less likely to be compromised.’

AML 52

AML MFA Authentication Verification 52

PYMNTS

MARCH 7, 2018

Oltio has patents for several mobile payments and banking solutions, including an authentication technology that lets consumers authenticate Masterpass digital wallet purchases in South Africa with a bank PIN and mobile phone.

Visa 41

Visa Digital Payments Issuers Payments 41

PYMNTS

JANUARY 26, 2021

Waterhouse said the big evolution for the year ahead will involve taking what are now typically debit transactions like check or automated clearing house (ACH) debit and migrating those to the RTP network combining a Request for Payment (RfP) with a consumer authenticated RTP payment.

Real Time Payments 109

Real Time Payments RTP RFP TCH 109

PYMNTS

JANUARY 6, 2020

An interesting feature of the Turkish banking system is that while it implemented PSD1 and PSD2, it was not compelled to enact strong consumer authentication (SCA). And there are other barriers, too. At this point, the system still has not, as Turkey’s EU outsider status allows them to sidestep SCA for now.

Online and Mobile Banking 52

Online and Mobile Banking CCPA Regulations Consumer Authentication 52

PYMNTS

AUGUST 15, 2019

The first FIDO authentication deployment took place in 2014 when PayPal and Samsung enabled consumer authentication via fingerprints on the Samsung Galaxy S5. “This is the second wave of FIDO adoption,” he told PYMNTS, with a nod to the fact that FIDO has been on market for a while.

Authentication 59

Authentication User Authentication Consumer Authentication Encryption 59

FICO

FEBRUARY 16, 2023

Her roles have included developing a consumer authentication solution for Experian and managing credit and identity theft management applications. Debbie is responsible for the products’ strategic direction and enabling enterprise use cases across a global client base. Debbie holds a B.A.

Compromise 98

Compromise Scams Debit Card Smishing 98

PYMNTS

FEBRUARY 13, 2020

Between synthetic ID fraud and good old-fashioned identity theft, buttressed by the reams of available consumer data, said Xie, cybercriminals have gotten better at looking like real consumers – making it all the more imperative for the security industry to realign its paradigm with the lifecycle habits of legitimate users.

Authentication 98

Authentication Bots Identity Theft Mitigation 98

PYMNTS

JUNE 11, 2020

These platforms conduct initial identity verification before presenting in-depth worker profiles or job postings, meaning firms and their potential workers have fewer time-consuming authentication concerns when hiring or being hired. Each marketplace has its own methods for ensuring that collaborating entities are legitimate.

Verification 74

Verification Facilitators Funds Transfer Consumer Authentication 74

FICO

JULY 6, 2023

Her roles have included developing a consumer authentication solution for Experian and managing credit and identity theft management applications. Debbie is responsible for the products’ strategic direction and enabling enterprise use cases across a global client base. Debbie holds a B.A.

Demand Deposit Account (DDA) 52

Demand Deposit Account (DDA) Scams AI Real Time Payments 52

PYMNTS

JUNE 2, 2020

Barclays Transact with Kount also allows merchants to more effectively leverage the SCA’s so-called “transaction risk analysis exemption” (TRA), which allows low-value/low-risk transactions to push through the system without full consumer authentication.

Compliance 55

Compliance Authentication Push-to-Card Fraud Prevention 55

PYMNTS

APRIL 29, 2016

That’s the “unofficial motto” that Yehya Awad and his team have been kicking around for PulsePay , a heart rate-based method of online consumer authentication that was the winner of the latest HackPSU that took place on April 9. “They can steal your credit card, but they can’t steal your heart.”.

Authentication 40

Authentication Credit Cards Consumer Authentication API 40

PYMNTS

OCTOBER 14, 2019

They must ensure their AI systems are pulling from as much data as possible, including nontraditional sources outside of siloed banking caches, as doing so can improve consumer authentication and help target money laundering investigations. How money laundering, AML will change.

AML 43

AML Money Laundering Consumer Financial Protection Bureau (CFPB) Innovation 43

PYMNTS

MARCH 27, 2020

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.

Authentication 87

Authentication Consumer Data Breach Consumer Authentication 87

PYMNTS

FEBRUARY 18, 2020

“When you get this kind of ecosystem rolling and you’ve got issuers and merchants passing data to each other, making what I call connected and intelligent decisions by leveraging this data, then you can also work together in other collaborative means,” he told PYMNTS – thereby empowering consumer authentication at a higher level and increasing consumer (..)

Fraud Prevention 66

Fraud Prevention Account Takeovers Online and Mobile Banking P2P 66

PYMNTS

NOVEMBER 16, 2016

CardinalCommerce’s platform supports virtually all merchant platforms, wallets, legacy processing systems and authentication methodologies.

Phishing 64

Phishing Authentication Scams Fraud Prevention 64

FICO

NOVEMBER 30, 2022

Her roles have included developing a consumer authentication solution for Experian and managing credit and identity theft management applications. Debbie is responsible for the products’ strategic direction and enabling enterprise use cases across a global client base. Debbie holds a B.A.

Scams 52

Scams Push-to-Card Fraud Prevention CashApp 52

FICO

AUGUST 16, 2022

Her roles have included developing a consumer authentication solution for Experian and managing credit and identity theft management applications. Debbie is responsible for the products’ strategic direction and enabling enterprise use cases across a global client base. Debbie holds a B.A.

Compromise 52

Compromise Romance Scams Push-to-Card ATM 52

PYMNTS

JANUARY 7, 2019

What that means for future use of biometrics for consumer authentication in payments and commerce is unclear, but it’s a good idea to keep an eye on such cases to see how the law develops. In fact, the Wendy’s fast food chain was recently hit with such a suit in Illinois.

Consumer 64

Consumer Laws Privacy Authentication 64