Global Fintech & Digital Assets

DECEMBER 11, 2023

Covered entities’ incident response plans must also expressly address procedures for recovery from backups, root cause analysis, evaluation of business impact, and prevention of recurrence of incidents. By November 1, 2025, covered entities must comply with multifactor authentication and asset inventory requirements.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

Nanonets

SEPTEMBER 12, 2023

By automating routine tasks and approvals, businesses can enhance efficiency, reduce processing times, and ensure compliance with standard procedures. Users can create up to 50 different parsers, enable multifactor authentication, and enjoy priority support and parsing access.

Automation 52

Automation Payment APIs and Integration Process AI 52

PYMNTS

AUGUST 7, 2019

“NSTIC called out the national need to eliminate PINs and passwords as single authentication factors and to use multifactor authentication for stronger [verification],” Temoshok explained. “It People will go around them, whether that’s password composition rules or multifactor authentication.”.

Multifactor Authentication 47

Multifactor Authentication Governance Government Data Breach 47

PYMNTS

JANUARY 27, 2021

Europe’s PSD2 regulations include SCA requirements for payment service providers, a feature of the legislation designed to combat fraud by using multifactor authentication to verify the identity of the payer. Adflex CEO Raises Commercial Card PSD2 Concerns.

Commercial Card 94

Commercial Card Payroll Multifactor Authentication B2B 94

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

PYMNTS

AUGUST 16, 2018

PSD2 sets out the requirements for SCA, an identity verification procedure that leverages multifactor authentication. SCA pulls in factors such as ownership (i.e., the transaction is coming from a device that is recognized as belonging to the consumer) and inherent traits (biometric identifiers like fingerprints and retinas).

Mobile Payments 51

Mobile Payments Multifactor Authentication Payments Authentication 51

PYMNTS

JUNE 7, 2018

After all, the bulk of payments security occurs before any money starts moving, including measures such as multifactor authentication and reauthorization procedures. Security is about how] we make sure that everything that should be done has been done before the money leaves,” he said.

Multi-Currency 46

Multi-Currency Reconciliation Master Account Faster Payments 46

PYMNTS

AUGUST 15, 2018

PSD2 rules also include requirements for SCA, an identity verification procedure that leverages multifactor authentication. The general aim of the PSD2 is payments innovation. Security, though, is another goal. SCA pulls in factors such as ownership (i.e.,

Online and Mobile Banking 44

Online and Mobile Banking Privacy Authentication Multifactor Authentication 44