PYMNTS

JUNE 3, 2020

Bad actors often find them a more appealing target than the apps to which they are connected, as they can bypass in-app authentication procedures and seize control of all connected apps at the same time by infiltrating the API’s code. These APIs are constantly threatened by fraud, however. Developments From Around The World Of B2B APIs.

Real Time Payments 75

Real Time Payments API B2B MFA 75

Basis Theory

OCTOBER 1, 2024

Today, the framework introduced in the early 2000s outlines 12 PCI requirements that merchants must satisfy to process credit card transactions on the card networks. Failure to meet these standards could result in fines or bans as a merchant or service, rendering you unable to process payments or send payment data with the major networks.

PCI DSS 88

PCI DSS Compliance Encryption Assessments 88

PYMNTS

JUNE 8, 2020

This also allows hackers to bypass in-app authentication procedures because it can be easier to steal API keys — the credentials developers use to build apps that harness APIs — than contend with apps’ biometric or two-factor authentication (2FA) processes.”. MFA and APIs Make A Good Pair. That’s changing now.

API 52

API B2B MFA Security 52

VISTA InfoSec

NOVEMBER 7, 2023

Mutli-Factor Authentication (MFA) isn’t a new concept. However, despite this, there is still confusion surrounding the mechanism and how it adds to cyber defense. This article unravels the mysteries of MFA and how it can be used to strengthen cyber defenses. Another mechanism that is heavily relied on is MFA.

Authentication 130

Authentication MFA Cybersecurity Credential 130

PYMNTS

NOVEMBER 12, 2019

Defending against such threats means encrypting sensitive data both in storage and transit, applying multi-factor authentication (MFA), using penetration testing, accessing continual attack monitoring and more. Farris said that the trick to keeping security processes as painless as possible is for companies to not get ahead of themselves.

Money Laundering 40

Money Laundering AML Authentication MFA 40

VISTA InfoSec

FEBRUARY 28, 2024

Similarly, adds the need for a process to handle potential exceptions. Wording update, more focus on processes. Changes Core Focus Limiting database access to programmatic methods (apps, stored procedures) and database administrators. Interview those in charge: do these accounts follow these strict procedures?

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

EBizCharge

JULY 16, 2024

Under NACHA’s stewardship, the ACH network processes various payments, including direct payments for payroll, social security benefits, tax refunds, and more. NACHA has streamlined the audit process by consolidating the methodologies into a single section within NACHA regulations.

NACHA 52

NACHA Nacha Rules ACH Network ACH 52

PYMNTS

SEPTEMBER 21, 2020

And in one recent edition of PYMNTS’ KYC/AML Tracker details, the rise of open banking is likely to spur a “fast track” for new AML efforts, including multifactor authentication (MFA) and strong customer authentication (SCA) processes.

Fincen 139

Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139