PYMNTS

JUNE 29, 2020

Multi-factor authentication (MFA) is a much more effective way to secure these entry points by requiring not only a password, but also an additional verification method, such as a code sent to a user’s phone or a biometric system, like a fingerprint reader or facial recognition scanner.

MFA 96

MFA Risk Security API 96

The Payments Association

MARCH 19, 2025

Today, they facilitate everything from identity verification to peer-to-peer transactions, quietly redefining the banking experience and making traditional financial institutions play catch-up. Adopt multi-factor authentication (MFA) and biometric verification to reduce fraud risks.

Digital Payments 88

Digital Payments Finance Online and Mobile Banking Payments 88

PYMNTS

NOVEMBER 16, 2020

Multifactor authentication (MFA) has become commonplace for online accounts, with users confirming their identities via text messages sent to their phones. Now you can log into an app and reset a password, or — if you already have that password — use that SIM card to get [an MFA] code. It's that easy.”.

MFA 71

MFA Verification Online and Mobile Banking Multifactor Authentication 71

PYMNTS

SEPTEMBER 4, 2019

In the latest Call Center Commerce Tracker , PYMNTS examines how contact centers are using technologies like AI, biometrics and multifactor authentication (MFA) to keep customers satisfied and, most importantly, safe. TD Bank on the Importance of AI, MFA in Call Center Channels. Around the Call Center Commerce World. About the Tracker.

MFA 61

MFA Multifactor Authentication Security Authentication 61

EBizCharge

MARCH 18, 2025

Fraud prevention measures: Sage credit card processing supports various fraud protection tools, such as Address Verification System (AVS) , VCC verification, and transaction monitoring. Encryption secures payment data by converting it to unreadable code during transmission, ensuring that data remains protected even if interpreted.

Credit Cards 52

Credit Cards Process Security Data Breach 52

The Paypers

MARCH 1, 2023

US-based authentication company 1Kosmos has announced that its 1Kosmos DevX platform will work with existing and new applications in a simplified process.

MFA 36

MFA Process Verification Authentication 36

Stax

MARCH 4, 2024

Multi-factor authentication (MFA) adds additional layers of security by requiring additional verification during the transaction process. Many people use MFA when making purchases through Apple Pay, for example, using Face ID or a passcode to complete a purchase. What is SSL/TLS? Q: What is the most secure online payment method?

PCI DSS 88

PCI DSS Payment Security Security MFA 88

Segpay

DECEMBER 13, 2024

Traditionally, organizations have employed a range of methods for identity verification, from passwords to multi-factor authentication (MFA) and, increasingly, biometric solutions. Limit Collection and Storage: Collect only the data necessary for identity verification and store it for only as long as needed.

Privacy 105

Privacy Compliance CCPA Authentication 105

Fi911

JANUARY 18, 2024

Multi-Factor Authentication (MFA) Implementing MFA for customer authentication can significantly enhance security. This means requiring multiple forms of verification, such as something the customer knows (password), something they have (a mobile device), or something they are (biometrics like fingerprints or facial recognition).

Account Takeovers 96

Account Takeovers MFA Fraud Detection Credit Cards 96

PYMNTS

JUNE 9, 2020

SCA, MFA, All the Way. This includes identity verification companies, which should only collect the information needed to provide an effective identity verification/onboarding experience and consider carefully what data, if any, is retained afterward.”. percent ‘less likely to be compromised.’

AML 52

AML MFA Authentication Verification 52

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

The Fintech Times

MAY 24, 2024

Only 45 per cent of global organisations have implemented multi-factor authentication (MFA). In fact, 59 per cent of UK respondents admit they have 2FA or MFA in place to protect employees and customers against fraud while half use biometrics to protect employees and customers against fraud.

Authentication 59

Authentication MFA Deepfake AI 59

Stax

AUGUST 20, 2024

This could be a one-time password, a PIN code, or even facial recognition or other biometric verification. This process typically involves a two-step verification procedure that requires additional information from the customer, such as a PIN or one-time password. 3D Secure 2 (3DS2) meets the criteria for PSD2.

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

PYMNTS

JUNE 3, 2020

A new solution from Singapore-based Aspire , in partnership with credit card giant Visa and FinTech Nium, aims to simplify these verifications by providing cash flow monitoring and expense tracking services. Visa will be providing access to capital to find the projection, while Nium’s APIs will connect the card to issuing banks.

Real Time Payments 75

Real Time Payments API B2B MFA 75

PYMNTS

NOVEMBER 17, 2020

This negative experience is due to a number of factors, including ineffective communication, unclear directions on how to access their devices, and tedious processes when setting up their accounts that often require multiple password entries and multifactor authentication (MFA) setup.

Multifactor Authentication 107

Multifactor Authentication Online and Mobile Banking Checks MFA 107

PYMNTS

JUNE 9, 2020

The bank is relying on tools like multi-factor authentication (MFA) to balance seamlessness and security while verifying customers’ identities during mobile onboarding. We use the same enrollment MFA for the app and for the online desktop.” . Utilizing smartphones in the verification process helps provide the ease customers expect.

Online and Mobile Banking 59

Online and Mobile Banking MFA Enrollments SWIFT 59

PYMNTS

JUNE 8, 2020

MFA and APIs Make A Good Pair. API protection begins with ironclad user verification, such as MFA [multi-factor authentication] systems that require input from users besides their passwords, like codes sent to their phones via text messages or biometric inputs like fingerprints,” the June Tracker states. “API

API 52

API B2B MFA Security 52

VISTA InfoSec

FEBRUARY 28, 2024

Both factors must succeed to login. Verify compliance by checking vendor supports replay prevention, reviewing system settings mandate MFA, confirming exceptions are documented and rare, and observing logins remotely and within the card data environment require both factors. password and token). Companies should implement v4.0’s

PCI DSS 130

PCI DSS Best Practices Authentication Rules 130

Fi911

SEPTEMBER 27, 2023

It is often referred to as “anti-spoofing” or “liveness verification.” As traditional safeguards like passwords and two-factor authentication fall short, liveness detection adds a crucial, real-time layer to identity verification. Simply put, it is a means to verify biometric signals provided by an individual.

Security 52

Security Identity Theft Verification Authentication 52

The Payments Association

APRIL 7, 2025

It is also good to see so much investment in AI, digital ID verification, and technology to automate processes, as there is a lot of opportunity here for streamlining operations and identifying suspicion more effectively. The existing technical mechanisms, like MFA and biometrics, will not be able to prevent this type of fraud.

Financial Crimes 88

Financial Crimes Crime Fraud Prevention AML 88

Stax

NOVEMBER 21, 2024

Incidental fees : some providers have a raft of one-time fees for specific situations like chargebacks, voice authorization, address verification service (AVS), and non-sufficient funds.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

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. It is critical that platforms protect themselves against phishing and malware, Farris said. Ramping Up Protections.

Money Laundering 40

Money Laundering AML Authentication MFA 40

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. Voices, noted Webster, are easy to spoof and are not secure enough on their own to be used for identity verification.

Authentication 41

Authentication MFA Fraud Detection Security 41

Stax

JULY 9, 2024

Multi-factor authentication (MFA) is commonly used to verify the identity of users initiating EFT transactions. This can include something the user knows (password), something the user has (security token or mobile device), and something the user is (biometric verification such as fingerprint or facial recognition).

Electronic Fund Transfer Act (EFTA) 88

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

SEPTEMBER 6, 2019

The number of facilities looking for alternatives has doubled since 2018, with 17 percent utilizing MFA to better protect against fraud. Implementing biometric verification in tandem with other tools could help call centers looking to move away from KBA. Call centers are starting to move away from KBA as new technologies emerge.

MFA 49

MFA Authentication Phishing Verification 49

Finovate

MARCH 5, 2025

Identity verification and passwordless authentication company 1Kosmos announced native support for Microsoft Entra ID. The integration of 1Kosmos technology will enable enterprises to unify ID verification and passwordless access across their entire infrastructure for both Microsoft and non-Microsoft applications.

MFA 103

MFA Verification Authentication Credential 103

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. IDnow (Germany) IDnow, based in Munich, Germany, is a leading IDaaS provider that focuses on identity verification and authentication services.

Verification 104

Verification Authentication MFA Compliance 104

Fintech News

MARCH 1, 2025

Both individuals and institutions must implement rigorous security measures to mitigate risks: Use Multi-Signature & Multi-Factor Authentication (MFA) Implementing multi-signature wallets ensures that transactions require multiple approvals, reducing the risk of a single point of failure.

Security 119

Security Phishing Breach Audit 119

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). Using stolen session cookies, the attacker can authenticate themselves into the victim’s account, gaining unauthorised access to emails or other resources.

Phishing 88

Phishing Multifactor Authentication Authentication Credential 88

The Payments Association

DECEMBER 10, 2024

However, In addition to adopting advanced fraud detection tools, payments firms must implement robust authentication methods such as multi-factor authentication (MFA), biometric verification (e.g., fingerprints, facial recognition), and behavioural biometrics (e.g., keystroke dynamics or mouse movements).

AI 88

AI Fraud Detection Deepfake Fraud Prevention 88