PYMNTS

SEPTEMBER 17, 2020

The following Deep Dive examines how digital ID verification and user authentication can foster consumer trust and why providing seamless enrollment is essential. . Seamless, Secure Onboarding . Creating a secure yet convenient experience for onboarding customers to sharing economy services is critical. More than 111 million U.S.

Verification 89

Verification Authentication Economy Data Breach 89

PYMNTS

NOVEMBER 1, 2018

Equifax has extended its free credit monitoring to all Americans affected by last year’s massive data breach , but this time, it’s using a service offered by rival Experian. You have until January 31, 2019, to enroll in this extension of free credit monitoring through IDnotify , a part of Experian.”.

Enrollments 50

Enrollments Data Breach Breach Cybersecurity 50

PYMNTS

OCTOBER 11, 2018

It was also discovered that Apple’s Device Enrollment Program ( DEP ) exposes company passwords and other sensitive information if a “rogue” device becomes enrolled. The State Department was recently forced to disclose a data breach in which the personal information of some employees was exposed. Even the U.S.

Security 69

Security Authentication Enrollments Breach 69

PYMNTS

AUGUST 1, 2019

The British company knew of the data breach around November 2018, but only now went public with the details, a person familiar with the matter told WSJ. The data breach mostly affected students in the U.S., A $700 million settlement was reached earlier in July regarding the Equifax breach.

Breach 43

Breach Data Breach FBI Settlement 43

Segpay

DECEMBER 13, 2024

ID Fraud Risks: With identity data breaches on the rise, organizations face the challenge of protecting sensitive data that could lead to identity theft. Data privacy is important because it protects user data from unauthorized access and misuse, ensuring that individuals have control over their personal information.

Privacy 105

Privacy Compliance CCPA Authentication 105

Fintech Finance

NOVEMBER 6, 2024

In fact, 80% of confirmed data breaches globally are related to weak or stolen passwords, so it’s no surprise that the majority of consumers (91%) in Asia Pacific worry about cyber threats. How it works Consumers only need to enroll their Mastercard card once to use payment passkeys for online payments.

Visa 98

Visa APACS Transactions Authentication 98

PYMNTS

SEPTEMBER 19, 2019

The threat of a data breach is now an ever-present part of life for customers and the banks that serve them. A reported 3,813 data breaches across a number of industries — collectively exposing 4.1 billion customer records — occurred in the first six months of 2019, for example. billion stolen credentials.

AI 57

AI Accounts Data Breach Credential 57

PYMNTS

MAY 8, 2019

Meanwhile, in Thailand, KBank is embracing biometrics for new customer enrollments. This month’s Tracker includes a Deep Dive that highlights how banks could play a significant role in keeping PII secure in the eCommerce space, to both oversee safe online transactions and guard consumers’ data.

Security 68

Security Authentication Compromise Blockchain 68

Finovate

FEBRUARY 21, 2025

When a consumer calls into a call center using Illuma Shield, they can complete enrollment simply by saying “yes” and continuing the conversation. As a result of the straightforward experience, Illuma reports that more than 95% of callers invited agree to enroll.

Authentication 52

Authentication Finance Security Due Diligence 52

PYMNTS

OCTOBER 12, 2018

If businesses understand the customer they have enrolled, and they know who they are consistently, there are a lot fewer issues with running payments in real time or same day. The problem may be visible with the payment, but it started at the enrollment process when the criminal was allowed access into the system. What’s Next.

Faster Payments 73

Faster Payments Authentication Payments Enrollments 73

PYMNTS

JULY 15, 2020

With data showing that 45 percent of all 2019 data breaches — and there were a lot of them — involved medical records theft, costing healthcare providers $429 per compromised patient record or nearly $18 billion, organizations can’t be confused about their value to cyberthieves. Medical Records = Dark Web Gold.

Data Breach 58

Data Breach CCPA Social Security Breach 58

PYMNTS

MARCH 18, 2019

Ferdowsi said the mobile device is also becoming an important part of retaining employees via the payroll function, again showcasing the importance of data connectivity. “Education is the number-one way employers can protect their payroll data.” ” Enterprise Security. . ” he said. ” he said. ”

Payroll 64

Payroll API Payment APIs and Integration Data Breach 64

Stax

NOVEMBER 6, 2023

In other words, tokenization decouples sensitive information from the payment transaction thereby reducing the possibility of a data breach. In a sense, clients are also protected from reputation loss and financial repercussions related to data breaches. PANs, customer information, credit card numbers, etc.

Encryption 88

Encryption PCI DSS Data Security Origination 88

PYMNTS

NOVEMBER 7, 2016

There are those high-profile credit card data breaches that create massive headaches for merchants, while the Federal Bureau of Investigation has continually warned the nation about corporate phishing attacks that specifically target the B2B and supplier payment process, convincing businesses to pay a fake supplier. .

Fed 77

Fed Secure Payments Task Force Security Federal Reserve 77

PYMNTS

SEPTEMBER 11, 2019

He pointed to password managers and services that alert consumers to the fact that passwords may have been exposed in data breaches (and so must be discarded). It all just delays the inevitable passing of the password, said Pointner. Evolution and Adoption .

Authentication 72

Authentication Identity Theft Account Takeovers Checks 72

Stax

JANUARY 28, 2025

Enhanced securitytokenization and two-factor authentication reduces the risk of data breaches As we mentioned earlier, Click to Pay uses a data security approach called tokenization to protect sensitive financial data from malevolent actors.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

FICO

AUGUST 28, 2020

However, widespread data breaches mean that password data has been leaked and can be bought by criminals on the dark web. If security isn’t right, there is a real risk to an organization’s brand; breaches in security can lead to loss of trust and hence loss of business.

Authentication 52

Authentication Online and Mobile Banking Breach Data Breach 52

PYMNTS

NOVEMBER 1, 2017

Cardholders and customers are more concerned about the protection of their account and personal data than ever before, with high-level data breaches rattling their trust again and again — Target, Yahoo, Home Depot, Equifax and Whole Foods, just to name a few. Biometrics. What to Do Next.

Security 43

Security Enrollments Authentication Issuers 43

PYMNTS

APRIL 11, 2017

Data breaches are so commonplace, might we have become immune to the news of more credentials hacked, more identities stolen? Initial enrollments may happen online, added the executive, where regulatory hurdles must be leapt, for identity verification, at the front end. Data Point One: One Billion Plus.

Credential 40

Credential Enrollments Authentication Breach 40

National Merchants Association

AUGUST 17, 2023

Not all portals are the same, and fraud and data breaches can still occur. Sixty-five percent of consumers would end a relationship with a merchant after a single incident of payment fraud or data theft, so consider additional security solutions to safeguard your online business. So how can you stop this from happening?

Payment Security 52

Payment Security Security Debit Card Credential 52

PYMNTS

NOVEMBER 15, 2017

With no face to match to the name and no data beyond the traditional Social Security numbers, dates of birth and passwords, is it any wonder that account security is a tough battle to fight — especially against foes who have leveraged data breaches into literal gold mines?

Authentication 40

Authentication Verification Online and Mobile Banking Enrollments 40

PYMNTS

SEPTEMBER 28, 2017

Because these are based on valid Social Security numbers, they will usually not be flagged at either the point of new account enrollment or at the transaction. Proactivity is key, particularly at the enrollment and onboarding process.

Enrollments 43

Enrollments Breach Fraud Detection Social Security 43

PYMNTS

SEPTEMBER 6, 2019

Consumers are losing faith in passwords, PINs and similar KBA verification methods, but they also refuse to sacrifice speed and convenience for greater security — quick and easy user enrollment remains a top priority for that same 91 percent of call center industry leaders.

MFA 49

MFA Authentication Phishing Verification 49

PYMNTS

JULY 9, 2018

Between the Equifax hack last year, the Exactis hack last month and the thousands of other data breaches, big and small, that happened between them (not to mention before them), the average American consumer can rest assured that some or all of their personal data is floating around the dark web these days.

Fraud Detection 44

Fraud Detection Enrollments Addressing Verification 44

PYMNTS

FEBRUARY 22, 2019

As Webster noted, passwords are likely floating around somewhere on the dark web, pilfered as part of one of the innumerable data breaches seen in recent years — possibly up for sale. Passwords — and their easily forgotten nature — create friction and the irritation of repeated log-ins, on the best of days.

Credential 52

Credential Account Takeovers Authentication Verification 52

PYMNTS

AUGUST 10, 2017

Explaining the shift a bit more broadly, Madhu said, “We have silos of information that would … [house] the place that you authenticated at originally, that enrolled you.” He cited the Verizon data breach report that showed 81 percent of attacks were due to weak credentials, typically a password.

Social Security 53

Social Security Security Credential Authentication 53

Stax

FEBRUARY 28, 2024

Make sure that your SaaS billing platform is fully compliant with PCI DSS security regulations and can securely store credit card data on file via payment tokenization. This gives both you and your customers confidence that data breaches can be avoided. Want to learn more? Get in touch with our SaaS payment experts today!

Payment APIs and Integration 88

Payment APIs and Integration Automation PCI DSS Fraud Prevention 88

PYMNTS

JANUARY 2, 2017

For the October tracker , PYMNTS spoke with Randy Vanderhoof, executive director of Smart Card Alliance, about how companies can protect consumer data in the highly connected IoT age. He pointed out that encryption and tokenization solutions have been among the most effective approaches to keeping data safe in the world of IoT.

ACH 49

ACH Online and Mobile Banking Cross-Border Same Day ACH 49

PYMNTS

JULY 23, 2018

Everything’s fair game, it seems, from names and Social Security numbers (SSNs) to account data, and even info gleaned off social profiles (more on this in a minute). Equifax may have its place as a watershed hack in the annals of data breaches , but it stands as only one of many. As many as 1.5

Social Security 41

Social Security Breach Data Breach Debit Card 41