PYMNTS
AUGUST 22, 2018
22) that it has rolled out two enhanced consumer authentication solutions, step-up authentication and identity verification, to mitigate card fraud within call centers. In a press release , Fiserv said the two new solutions expand beyond knowledge-based consumer authentication that can be vulnerable to fraud.
PYMNTS
JUNE 7, 2016
And at the crossroads of the authentication conversations are the challenges financial institutions face when addressing consumer authentication and how to implement the best practices in order to provide merchants and FIs with sufficient protection against potential fraud. Challenges Of Consumer Authentication.
PYMNTS
FEBRUARY 12, 2019
However, since consumers’ faces already appear on government-issued IDs, and since they are not only used to showing their faces, but possess smartphone cameras that can easily handle facial recognition tasks (such liveliness detection), the biometric, in his view, is a natural candidate for that job. Big brands have to jump in,” he said.
PYMNTS
SEPTEMBER 11, 2017
When it comes to identity verification, the (possible) devil is in the details — and the details are in the documents. As financial services become ever more digital, the identity verification method employed by some firms may no longer be optimal. To that end, digital identity technology company Socure announced news on Monday (Sept.
PYMNTS
AUGUST 7, 2019
As Prideaux noted, this isn’t a cut-and-dry question, because authentication and verification is a complex world. There are all kinds of verification use cases, he said, that don’t quite need full AML/KYC compliance, and classification purposes as to whether the consumer is in good standing or not.
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. Getting the European Union on the path to 3D Secure 2.0 also known as 3DS 2.0
PYMNTS
JANUARY 26, 2021
First, it includes an ID&V (identity and verification) process with the customer’s bank, and the token once provisioned can include controls that limit it to its specific intended use. This provides consumers increased transparency and control over their payments, eliminating unintended overdrafts, and reducing fraud.
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