Fintech News

MAY 20, 2024

Ensure Secure and Frictionless User Experiences with Passkeys June 18, 2024, 16:00 CEST With consumer demand for multi-factor authentication (MFA) on the rise, it’s essential for brands to adapt and offer passwordless authentication experiences.

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Seon

SEPTEMBER 11, 2023

Here’s what a robustly protected neobank looks like, and later in this article we’ll explain how to get there: Proactive fraud prevention: Your neobank’s full infrastructure should incorporate sophisticated, robust fraud detection. We’ve helped by listing some simple tips to share with your customers.

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Identity Theft Money Laundering Account Takeovers Fraud Prevention 52

PYMNTS

FEBRUARY 18, 2020

FIs and PSPs in Europe are particularly interested in robust fraud-busting technologies for SCA compliance, which is mandated under PSD2. Requiring multifactor authentication (MFA) could add frictions to companies’ payment systems and customer experiences, but such tools are necessary to enable smart authentication and compliance decisions.

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Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

EBizCharge

AUGUST 8, 2024

Security: Salesforce adheres to stringent security protocols, such as PCI compliance, multi-factor authentication (MFA), and advanced data encryption, to safeguard payment data. Encryption, fraud detection systems, and regular security audits protect business financial information and customer payment data.

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Seon

JANUARY 29, 2024

Account Takeover Fraud Detection While it can be challenging to catch ATO attempts, these attacks can be detected by monitoring for out-of-the-ordinary account behavior. Deploying end-to-end fraud prevention and detection software helps you keep track of user activity and helps you spot suspicious patterns.

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Account Takeovers Accounts Fraud Prevention Fraud Detection 52

EBizCharge

MARCH 12, 2024

Reliable payment processors or platforms that offer robust encryption and fraud detection systems can help with this. Merchants should also apply data encryption, tokenization, and multi-factor authentication (MFA) to ensure only authorized users can access payment portals.

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Credit Cards ACH Payment Gateways PCI DSS 52

EBizCharge

JULY 16, 2024

As transaction volumes or the complexity of the ACH services increase, institutions or service providers must enhance their fraud detection and prevention mechanisms. Each SEC code has its defined usage, ensuring the correct handling of electronic transactions and aiding in fraud detection.

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NACHA Nacha Rules ACH Network ACH 52

PYMNTS

SEPTEMBER 7, 2017

MN: We are a pioneer in applying behavioral analytics in the fraud and security space. For example, we see a trend toward employing more intelligence in multi-factor authentication (MFA), leading to conditions that reduce the number of triggers. PYMNTS: What is the most innovative thing you’ve ever done?

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Same Day ACH Fraud Detection Innovation Fraud Prevention 46

Nanonets

SEPTEMBER 25, 2024

Pattern recognition and fraud detection using ML Flagging duplicate files Machine Learning (ML) models analyze historical transaction data to detect fraud and recognize patterns in spending behavior. Data security and compliance Protecting sensitive financial data should be a priority.

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PYMNTS

NOVEMBER 9, 2017

I don’t think Alexa is road-ready for true voice biometric determination for an MFA [multi-factor authentication], even in-home,” IntraNext CEO Patrick Brown told Karen Webster in a recent interview. The end result of these strategies and partnerships, he said, will hopefully be to nip fraud in the bud.

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Authentication MFA Fraud Detection Security 41

The Payments Association

DECEMBER 10, 2024

As payment systems become more digitised and interconnected, the attack surface expands, and the stakes for payments firms to invest in robust, AI-driven fraud detection and prevention systems have never been higher. fingerprints, facial recognition), and behavioural biometrics (e.g., keystroke dynamics or mouse movements).

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AI Fraud Detection Deepfake Fraud Prevention 88

The Payments Association

FEBRUARY 17, 2025

When the victim enters their credentials, the attacker captures these details and may steal session cookies to bypass multifactor authentication (MFA). As fraud detection and prevention technologies become more advanced, attackers adapt their tactics to exploit the weakest point in the security chain: the identity holder.

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Phishing Multifactor Authentication Authentication Credential 88

Segpay

DECEMBER 19, 2024

These providers offer features like single sign-on (SSO), multi-factor authentication (MFA), and identity governance, all delivered through a secure cloud environment. It offers a comprehensive IDaaS platform that includes document verification, biometric authentication, and fraud detection services.

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Verification Authentication MFA Compliance 104

EBizCharge

MARCH 21, 2025

Fraud detection and risk management Fraud detection and risk management are also significantly enhanced through AI-powered systems. Fraud detection: AI helps identify fraudulent activity by analyzing patterns and flagging suspicious transactions, enhancing risk management.

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AI Accounts Fraud Detection Audit 52

EBizCharge

FEBRUARY 13, 2025

Trustworthy providers will also secure your payment processing system with multi-factor authentication (MFA) or two-factor authentication (2FA), real-time authentication monitoring, 3D Secure, and more.

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Processors Payment Gateways Duplicate Disputes 52