The Payments Association

OCTOBER 28, 2024

Financial institutions that lag behind may face operational challenges and a reputational cost, as user experience and security increasingly drive consumer choices. At the same time, Click to Pay’s streamlined checkout process can help reduce cart abandonment rates, a win-win for consumers and merchants alike.

Card Issuer 88

Card Issuer Issuers Payment APIs and Integration Interoperability 88

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

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. The new solution also helps shield merchants from fines related to GDPR and the California Consumer Privacy Act (CCPA) noncompliance. .

Transactions 93

Transactions Security Encryption CCPA 93

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

JANUARY 26, 2021

He said increased sharing of account information through third-party apps supports consumers’ desires, but it is not without its risks. This provides consumers increased transparency and control over their payments, eliminating unintended overdrafts, and reducing fraud. This has resulted in some delays and consumer confusion.

Real Time Payments 109

Real Time Payments RTP RFP TCH 109

PYMNTS

SEPTEMBER 18, 2017

has strongly hinted that the agency she birthed in 2008 and opened for business in 2011 — the Consumer Financial Protection Bureau (CFPB) — should be given the authority to do even more. But why now, just this week, is everyone so outraged and so willing to talk tough about the credit reporting agencies in the name of consumer harm?

Regulations 81

Regulations CFPB Database Consumer Financial Protection Bureau (CFPB) 81

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. As any consumer who has ever cursed their way through a series of CAPTCHA tests can attest, they aren’t always that easy to solve. The Zero-Authentication Future.

Authentication 98

Authentication Bots Identity Theft Mitigation 98

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. . Phones, however, have a unique potential.

Authentication 87

Authentication Consumer Data Breach Consumer Authentication 87

FICO

FEBRUARY 16, 2023

This growth trend is concerning not only for the FIs, but also for the consumers whose card details and account information are impacted. Consumers: Pay Attention to Detail Fortunately, there are several specific actions that both FIs and consumers can take to minimize the impact of skimming.

Compromise 98

Compromise Debit Card Scams Smishing 98

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. Developments From Around the Digital-First Banking World.

Online and Mobile Banking 88

Online and Mobile Banking Checks Consumer Authentication Audit 88

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 28, 2020

consumers ages 30 to 39 reporting the most incidents but Americans aged 50 to 59 reporting the greatest losses.”. Strong consumer authentication comes in several forms, and it’s time to pick one. “A This fraud targets all demographics and generations, with U.S. Financial crime-fighters simply won’t suffer this state of affairs.

Financial Crimes 81

Financial Crimes Crime Due Diligence Federal Trade Commission 81

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

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

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

Fintech Finance

JUNE 5, 2024

The amount is instantly deducted from their bank account, simplifying personal financial management for consumers. 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

NOVEMBER 16, 2016

CardinalCommerce’s platform supports virtually all merchant platforms, wallets, legacy processing systems and authentication methodologies. False-positives run the risk of alienating consumers and in some cases can lead to consumers outright abandoning a retailer. They can account for almost 3 percent of all revenue lost.

Phishing 64

Phishing Authentication Scams Fraud Prevention 64

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

PYMNTS

JUNE 14, 2016

“We’re having a digital identity crisis in financial services, and it’s starting to get in the way of the access to payments and financial services that consumers and business that they interact with increasingly want and need.”. Instead, decision-makers must think across multiple pillars: consumer data, behavior, device and payment.

Authentication 42

Authentication Consumer Authentication Verification Online and Mobile Banking 42

PYMNTS

JANUARY 6, 2020

3, 2020, the California Consumer Privacy Act (CCPA) went into effect, ushering in the strongest consumer data protections in the U.S. 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).

Online and Mobile Banking 52

Online and Mobile Banking CCPA Regulations Consumer Authentication 52

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

DECEMBER 11, 2018

Give a deep and welcoming hello to the newest form of window shopping — a consumer behavior that will help to shape retail in 2019 and beyond, and a trend that stands as an increasing part of shopping, one that promises to impact brick-and-mortar merchants as they decide how to innovate. percent innovating to improve business analytics.

Online and Mobile Banking 68

Online and Mobile Banking Blockchain Venmo P2P 68

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

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. He said too, that the over the longer term consumers will become more focused on authentication, and privacy will become a distinguishing factor.

Authentication 59

Authentication User Authentication Consumer Authentication Encryption 59

PYMNTS

FEBRUARY 18, 2020

He told PYMNTS that roughly 50 percent of that fraud is originating through mobile channels, which might make sense given the fact that a growing number of consumers are shifting to mobile commerce. It’s also imperative to convey to consumers and business clients the ways and means of disputing transactions.

Fraud Prevention 66

Fraud Prevention Account Takeovers Online and Mobile Banking P2P 66

PYMNTS

JANUARY 16, 2019

Human wrists deserve a break when it comes to payments, commerce and even authentication, right? To put it another way: Is there a better way to do wearables, to appeal to consumers who, for various reasons, might not like wearing web-connected devices on that part of their bodies? It’s a reasonable concern. Rings As Wearables.

Authentication 52

Authentication Consumer Use Case Consumer Authentication 52

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

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

PYMNTS

FEBRUARY 19, 2020

Bad people love Wawa , too – mostly for its large database of consumer information. 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. So very tasty.

Law Enforcement 52

Law Enforcement Fraud Detection Phishing Bots 52

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

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. As consumers headed online en masse, the fraudsters surely followed, Sevounts said. The Experience Is Everything.

Compliance 55

Compliance Authentication Push-to-Card Fraud Prevention 55

PYMNTS

MARCH 14, 2019

14, bringing requirements related to strong consumer authentication and other tasks designed to establish a secure, Open Banking environment. There is strong evidence that many players in the digital space — to say nothing of consumers themselves — remain confused by PSD2. However, that’s only the foreshadowing.

Privacy 75

Privacy Online and Mobile Banking Regulations Innovation 75

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

JUNE 9, 2020

In PYMNTS’ most recent Navigating the COVID-19 Pandemic series, based on surveys of thousands of consumers and businesses over the duration, nearly 34 percent of respondents said they are “very” or “extremely” likely to consider a firm’s digital offerings when deciding where to spend their money. percent ‘less likely to be compromised.’

AML 52

AML MFA Authentication Verification 52

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

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

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. FIs need AML strategies that can respond to these larger trends while maintaining quick service for businesses and consumers.

AML 43

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