PYMNTS

AUGUST 8, 2019

As Meier told it to PYMNTS, that provides an opening for a concept called gradual verification. As Meier described it, gradual verification collects just as much personal data from a consumer that is needed to perform a specific digital or mobile task. But so, too, could new methods of online verification.

Security 58

Security Verification Online and Mobile Banking Breach 58

PYMNTS

APRIL 30, 2019

We at PYMNTS come here not to bury biometrics, but to explore another way of bringing identification and age verification to the masses — a method that, in the view of Alain Meier, CEO of Cognito , could help eCommerce operators stay ahead of regulators and otherwise offer relatively friction-free authentication to consumers around the world.

Verification 64

Verification Authentication Online and Mobile Banking Law Enforcement 64

PYMNTS

JANUARY 27, 2017

In your wallet is a driver’s license and possibly a Social Security card. There are issuing authorities stretching from the Social Security Administration to the DMV, who, as Webster noted, may offer an analogue for the issuance of such attributes. Maybe a credit card or two. Perhaps you keep a passport in a side pocket.

Social Security 57

Social Security Online and Mobile Banking Credential Governance 57

PYMNTS

DECEMBER 3, 2019

Digital identities are growing more important and omnipresent in everyday life, and the need to keep them secure grows more pressing by the day. Financial information, Social Security numbers and a host of other private data is wrapped up in each person’s digital identity, making a potential data breach catastrophic.

Verification 52

Verification Authentication Breach Data Breach 52

PYMNTS

SEPTEMBER 22, 2017

Among the front row seat observers in the battle for payments security is Stephen Stuut, CEO of online mobile payments and identity verification company Jumio. We currently verify credentials issued by over 200 countries, including the government IDs issued outside the U.S. SS: Our approach to innovation is two-pronged.

Online and Mobile Banking 56

Online and Mobile Banking Verification Data Breach Breach 56

PYMNTS

APRIL 23, 2019

The secret to success for fantasy sports gaming platforms is to tackle most of their customer verification processes behind the scenes while requiring minimal user engagement, said Jennifer Aguiar, vice president of compliance and risk for DraftKings , during a recent interview with PYMNTS. .

Money Laundering 43

Money Laundering SWIFT Security Account Takeovers 43

PYMNTS

JULY 27, 2020

Using real credentials lends authenticity to these schemes and allows them to elude many fraud detection systems, and cybercriminals can avoid tipping off victims by not using pilfered identities wholesale. Where Standard ID Verification Falls Short. Device Authentication.

Credit Union 58

Credit Union Authentication Credential Assessments 58

PYMNTS

SEPTEMBER 15, 2020

Remote onboarding is as great for crooks as it is for consumers – all they need is total anonymity and bogus credentials to make trouble. Securing Remote Onboarding. To understand the growing importance of biometric identity verification, it’s important to grasp how large and lasting the COVID digital shift appears to be.

Verification 57

Verification Social Security Credential Consumer 57

PYMNTS

MAY 31, 2018

The right data can create a profile so precise that algorithms can immediately tell the difference between a legitimate customer and a fraudster who is holding all the right credentials to pose as the person, just by detecting behavioral attributes like cursor movements and clicking habits. Secure Signaling.

ATM 43

ATM Consumer Data Breach Credential 43

PYMNTS

SEPTEMBER 18, 2017

The options aren’t much better, and hinge on a significant quandary: How do they know that the person for whom they are opening a new account, authorizing a transaction on a credit card or extending a line of credit is the rightful owner of the credentials they’ve produced? .

Breach 46

Breach Identity Theft Credential Authentication 46

PYMNTS

MAY 6, 2020

Fraudsters can also carefully hoard a cache of stolen bank account data, credit and debit card information, Social Security numbers and other details to impersonate legitimate customers, using these details outright or cobbling them together to perpetrate identity theft, new account fraud and gain entry to other platforms.

Fraud Prevention 72

Fraud Prevention Money Laundering AI Identity Theft 72

PYMNTS

OCTOBER 18, 2019

It’s been said that fraudsters are always evolving, and always looking for the path of least resistance in their efforts to steal identities and credentials to remain anonymous and … keep stealing. In an interview with Karen Webster, Zac Cohen, general manager of Trulioo , said kids’ Social Security numbers represent a relatively easy target.

Identity Theft 42

Identity Theft Social Security Money Laundering Fraud Prevention 42

Clearly Payments

JANUARY 8, 2024

The first step is implementing robust authentication processes, including multi-factor authentication, biometric verification , and tokenization , to enhance user access security. Empowering customers to be vigilant about their own security is another key aspect.

Risk Management 68

Risk Management Risk PCI DSS Process 68

PYMNTS

MARCH 1, 2018

As Webster noted, the Dark Web is awash with offerings for sale – everything from Social Security numbers to birthdates to drivers’ licenses. It might go without saying that trust is a commodity Equifax and any other number of data-focused firms could sorely use. We can leverage that [to make sure] that you are you.”.

Push-to-Card 40

Push-to-Card Breach Compromise Authentication 40

PYMNTS

JUNE 21, 2019

Challenger banks have been solving at least part of the application problem by asking for, what he termed, “more minimalistic information, but they are also using more modern technology” that allows individuals to verify their credentials with speed.

Accounts 43

Accounts Risk Assessment Assessments Online and Mobile Banking 43

PYMNTS

JULY 5, 2018

The problems of security, data breaches, identity verification and user authentication just keep getting bigger. When a consumer signs up for a service, they must enter their name, email address, phone number, Social Security number and more. If Uber has a token, then it must only work with Uber.

EMV 41

EMV Mitigation Credit Cards Data Breach 41

PYMNTS

MAY 16, 2018

But truly, says Pappano, fraud really isn’t much of an issue in gaming due to the heavy identity verification process at signup as well as stricter authentication whenever money is moved in or out of the gaming or wagering account. When was the last time a customer ever had to share their Social Security number to buy a new pair of shoes?

Regs 40

Regs Legal Disputes Laws 40

PYMNTS

MAY 29, 2018

These identities rely on three things: An identifier, such as a phone number or Social Security number; a password or phrase to initiate the transaction; and a certificate that takes the place of the signature by sending a push notification to the consumer’s phone for authentication.

Interoperability 43

Interoperability Governance Government Authentication 43

PYMNTS

MAY 28, 2018

These identities rely on three things: An identifier such as a phone number or Social Security number, a password or phrase to initiate the transaction, and a certificate that takes the place of the signature by sending a push notification to the consumer’s phone for authentication.

Interoperability 40

Interoperability Governance Government Authentication 40

CB Insights

AUGUST 25, 2017

By nature, academic credentials must be universally recognized and verifiable. In both the primary/secondary schooling and university environments, verifying academic credentials remains largely a manual process (heavy on paper documentation and case-by-case checking). Social Security Office, to verify that a person did in fact pass.

Blockchain 78

Blockchain Law Enforcement Bitcoin Transactions 78

PYMNTS

MARCH 13, 2020

Individuals rushing to escape danger may not have the time or presence of mind to grab birth certificates, Social Security cards and driver’s licenses, yet they may face serious problems restarting their lives without identification. The World Bank estimated that one billion people lacked formal identity documents as of 2018.

Credential 63

Credential Blockchain Authentication Privacy 63