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 Payments Association

OCTOBER 28, 2024

The card scheme Click to Pay mandate underscores this evolution, making it mandatory for issuers to adopt a more streamlined, card-on-file experience that prioritises security and user convenience. The payments landscape is shifting, with digital-first experiences becoming the new standard.

Card Issuer 88

Card Issuer Issuers Payment APIs and Integration Interoperability 88

PYMNTS

DECEMBER 17, 2018

EMVCo , the global technical body that facilitates the worldwide interoperability and acceptance of secure payment transactions, announced late last week that it published the EMV 3-D Secure Protocol and Core Functions Specification v2.2.0. The EMV3DS version 2.2.0

EMV 53

EMV Consumer Authentication Authentication Issuers 53

PYMNTS

FEBRUARY 13, 2020

For a great example of an attempt at security that does much more to annoy legitimate consumers than to actually fend off fraudsters, look no further than CAPTCHA. When we put these detection mechanisms in the space, we have to take a holistic view of what is going to drive security, but also reduce friction,” Xie said. “So

Authentication 98

Authentication Bots Identity Theft Mitigation 98

Accertify

MARCH 27, 2024

Fraud Platforms and Decision Engines User Behavior & Behavioral Biometrics 3DS and Consumer Authentication Device Identification & Recognition Identification and Data Verification Chargeback Management & Platforms You can read more about Accertify on 3D Secure, Fraud and Chargeback Services on pages 14, 24 and 122.

Fraud Prevention 45

Fraud Prevention Consumer Authentication Verification Authentication 45

PYMNTS

JANUARY 3, 2019

Its EMV 3-D Secure Protocol and Core Functions Specification v2.2.0 includes enhancements to support new authentication procedures for online purchases, which could help stop unauthorized card not present transactions. With that in mind, EMV recently announced that it had updated its protocol to prevent this type of fraud.

EMV 60

EMV Fraud Detection Consumer Authentication Authentication 60

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 which is the newest eCommerce authentication protocol on the market.”. 13) a new partnership with CardinalCommerce.

Authentication 51

Authentication Community Banks Chip Cards Issuers 51

PYMNTS

SEPTEMBER 28, 2020

Strong consumer authentication comes in several forms, and it’s time to pick one. “A Identity authentication powered by artificial intelligence (AI) has slowed the malignant growth of certain types of cyber fraud, clearing a path forward for more secure online transactions. A Marriage Of Advanced Tech With Due Diligence.

Financial Crimes 81

Financial Crimes Crime Due Diligence Federal Trade Commission 81

Fintech Finance

JUNE 5, 2024

With this solution, emerchantpay’s merchants can leverage this new payment option to allow customers to instantly connect to their online banking environment at checkout for a secure and frictionless payment experience. By simply logging into their bank accounts to complete the payment, customers can swiftly complete transactions in seconds.

Payments 52

Payments Consumer Authentication SWIFT Service Provider 52

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 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

MARCH 27, 2020

Digitization in consumer behavior was already well underway, he noted — and the reality of consumers now being in their homes and turning to digital channels for commerce, entertainment and education to support their professional lives has driven already present factors into overdrive. . link] pic.twitter.com/Cv8Row7QHi.

Authentication 87

Authentication Consumer Data Breach Consumer Authentication 87

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. Step by step on the journey to getting rid of the password — and with Google, now a leap?

Authentication 59

Authentication User Authentication Consumer Authentication Encryption 59

FICO

FEBRUARY 16, 2023

By using this contactless payment method, consumers can take advantage of tokenization and encryption of card details, making it much harder for criminals to capture sensitive card information. Her roles have included developing a consumer authentication solution for Experian and managing credit and identity theft management applications.

Compromise 98

Compromise Debit Card Scams Smishing 98

PYMNTS

JUNE 9, 2020

The surge in interest has challengers and other financial institutions (FIs) moving quickly to secure positions. Meanwhile, the open banking ecosystem is healthy and growing – but security is a paramount concern during this time of massive transitions. ” Securing That Which Is ‘Open’.

AML 52

AML MFA Authentication Verification 52

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. Sealing It.

Law Enforcement 52

Law Enforcement Fraud Detection Phishing Bots 52

PYMNTS

JANUARY 7, 2019

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals. In fact, the Wendy’s fast food chain was recently hit with such a suit in Illinois.

Consumer 64

Consumer Laws Privacy Authentication 64

PYMNTS

JUNE 2, 2020

The world of payments processing will be a very different place by the end of 2020 than it was at the beginning — one where securing transactions will take on a new priority for merchants and consumers alike. And that highlights the importance of having a partner in digital security, Sevounts added. The Experience Is Everything.

Compliance 55

Compliance Authentication Push-to-Card Fraud Prevention 55

PYMNTS

NOVEMBER 16, 2016

CardinalCommerce’s platform supports virtually all merchant platforms, wallets, legacy processing systems and authentication methodologies. The more security checks and authentication procedures that are available for retailers of all sizes, the safer customers’ financial data will be.

Phishing 64

Phishing Authentication Scams Fraud Prevention 64

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. They have to verify payment instruments through third-party tools and a security system.”.

Verification 74

Verification Facilitators Funds Transfer Consumer Authentication 74

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

OCTOBER 14, 2019

Recent scandals involving Deutsche Bank and Swedbank have made consumers reconsider their trust in FIs, many of which are scrambling to keep fraudsters out and bring consumers back. Part of the problem is that money laundering controls are easier for fraudsters to anticipate than security measures for other cybercrimes.

AML 43

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

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

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 12, 2019

The ideal — the goal of ongoing work across much of the digital payments and commerce industries — is to join two related, but distinct, tasks in the hopes of bringing more security and convenience to financial and retail transactions. The Hot Thing. The key to all that? According to Pointner, that would be facial recognition technology.

Verification 57

Verification Authentication Consumer Authentication Digital Payments 57

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

JULY 18, 2018

As companies settle into a world governed by Europe’s second Payment Services Directive ( PSD2 ), and as financial institutions (FIs) and FinTech companies explore the possibilities of faster payments and unbundled banking , attention to how to secure those activities is increasing. Call Center Threat. Biometric Promise.

Fraud Prevention 41

Fraud Prevention Account Takeovers Online and Mobile Banking On-Demand 41

PYMNTS

MARCH 14, 2019

14, bringing requirements related to strong consumer authentication and other tasks designed to establish a secure, Open Banking environment. This has “info security, privacy and legal teams inside companies pulling in different directions.”. However, that’s only the foreshadowing. The bigger deadline comes on Sept.

Privacy 75

Privacy Online and Mobile Banking Regulations Innovation 75

PYMNTS

SEPTEMBER 18, 2017

They keep how they collect all the data they have on consumers a secret, locked inside an opaque black box that consumers have to pay to open if they want to see inside more than once a year. I think we all know the answer to that question now.

Regulations 81

Regulations CFPB Database Consumer Financial Protection Bureau (CFPB) 81

PYMNTS

DECEMBER 11, 2018

And the spread of cashierless checkout efforts comes amid advances in mobile payments and commerce, the use of QR codes and the rise of biometrics for consumer authentication and secure transactions. “We’ve seen startups and tech vendors making efforts here,” he added.

Online and Mobile Banking 68

Online and Mobile Banking Blockchain Venmo P2P 68

PYMNTS

NOVEMBER 30, 2017

One of those challenges is ongoing discussions over some guidelines within the regulation, Deutsche Bank noted, particularly those pertaining to fraud reporting and security. released in conjunction with payments consultancy PPI AG, highlighted speed bumps likely to arise as banks hustle to become PSD2 compliant when the Jan.

Regulations 43

Regulations Rules Compliance Consulting 43

PYMNTS

MARCH 22, 2016

And because no one can truly keep up with the pace at which innovation across all sectors is occurring, securing those innovations is a challenge. It’s about authentication, authentication, authentication.” Securing identity should be at top of mind — all, of course, while keeping consumer privacy in mind.

Cybersecurity 41

Cybersecurity Authentication Security Innovation 41

PYMNTS

APRIL 22, 2020

They would need a secure database of all the people they needed to pay, with an identifier such as a Social Security number and the amount of the payments. With a few admittedly difficult caveats, he added.

Governance 59

Governance Government Bureau of the Fiscal Service Payment APIs and Integration 59

PYMNTS

OCTOBER 23, 2019

The decision of networks to use their data to jump into the authentication process is an incredibly sensible one, Prideaux noted, as the carrier networks already have access to the best and most reliable data from the mobile device itself. That is what consumers are looking for, said Prideaux, likening the experience to going to a casino.

Authentication 48

Authentication Transactions Consumer Value Added Service 48

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

AUGUST 15, 2018

Secure payments enabler EMVCo has announced the launch of the full EMV 3-D Secure (EMV 3DS) Test Platform. The platform allows 3DS product providers to confirm that their solutions will perform in accordance with the EMV 3-D Secure Protocol and Core Functions Specification v2.1.0, or its EMV 3-D Secure – SDK Specification.

EMV 40

EMV Authentication Card Issuer Issuers 40

PYMNTS

SEPTEMBER 11, 2017

Sunil Madhu noted the data checked and confirmed through Socure’s platform spans everything from email addresses and social media accounts to passports and Social Security numbers. In terms of process, data is validated across several hundred online, offline and social data conduits.

Verification 53

Verification Social Security Addressing Returns 53