PYMNTS

NOVEMBER 27, 2020

Financial institutions (FIs) and other issuers need more assurance than they’ve been getting, however, as cyber scams founded on false identities and bogus accounts are through the roof. Per the November Tracker , “Many banks, utility companies and government agencies have been leveraging two-factor authentication (2FA) for several years.

Multifactor Authentication 107

Multifactor Authentication Authentication Security MFA 107

PYMNTS

OCTOBER 16, 2020

COVID-era fraudsters use scams that range from impersonating tax officials to selling fake PPE on P2P payment apps. How P2P Payment App Zelle Leverages AI To Fight Scams And Frauds. P2P payment apps face a double-edged cybercrime threat, with both ATOs and scams targeting their users. About The Playbook.

Zelle 89

Zelle P2P Scams Financial Crimes 89

PYMNTS

JUNE 8, 2020

PSD2 was designed with such risks in mind, and its Strong Customer Authentication (SCA) provision — which takes effect in participating countries throughout 2020 and 2021 — compels companies to verify users’ identities with multi-factor authentication (MFA) whenever they attempt to access user accounts or digitally send payments.

Authentication 60

Authentication MFA Phishing Scams 60

PYMNTS

FEBRUARY 18, 2020

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. Omnichannel Fraud Protection.

Authentication 52

Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

FICO

NOVEMBER 7, 2022

Fighting Scams and Authorized Push Payment Fraud in the US. Also known as scams or authorized user fraud, this multi-billion-dollar global fraud challenge is a real headache for consumers and banks. . Scams and P2P Payments Are Front and Center. The reality is that the US is reaching a tipping point for P2P scams.

Scams 52

Scams Authorization P2P Consumer Financial Protection Bureau (CFPB) 52