Payments Source

FEBRUARY 21, 2021

Without additional security measures, hackers can compromise multifactor authentication and wreak havoc on financial institutions and their customers.

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Multifactor Authentication Authentication Compromise Security 90

Payments Source

AUGUST 14, 2017

An encrypted website and secure network aren’t very helpful when customers have been unknowingly routed to a criminal’s lookalike site, writes Simon Thorpe, director of product for Authy at Twilio.

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Multifactor Authentication Authentication Encryption Payments 65

Payments Source

MAY 5, 2016

Multifactor authentication is high on the list of payment security requirements, including new standards from PCI. For any company on the fence on adding stronger authentication, there's plenty of examples of what can go wrong with basic identity management.

Multifactor Authentication 72

Multifactor Authentication Authentication Payment Security Security 72

PYMNTS

OCTOBER 15, 2020

Secret Double Octopus , which works in passwordless authentication for security online, has secured a strategic investment from SC Ventures, the FinTech and investment arm of international banking group Standard Chartered , a press release says.

Multifactor Authentication 79

Multifactor Authentication Authentication Financial Crimes Cybersecurity 79

PYMNTS

JULY 10, 2020

Creating secure banking environments without generating undue customer frictions relies on strong front- and back-end approaches to help FIs spot red flags, create login experiences that are harder for bad actors to crack and guide customers on how they can avoid falling victim to ATOs. Customer-Centric Authentication.

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Multifactor Authentication Authentication Credit Union Fraud Prevention 53

Bank Automation

NOVEMBER 21, 2024

Financial institutions concerned about cybercrime will be investing in next-generation multifactor authentication solutions in the next year to combat cybercrime. Deploying these solutions in 2025 is a top priority for FIs as AI-related fraud becomes increasingly sophisticated, according to a Nov.

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MFA Multifactor Authentication NOV Authentication 59

PYMNTS

OCTOBER 16, 2020

The October Preventing Financial Crimes Playbook explores the latest financial crime developments, including the growing threat of P2P payment app fraud, evolving customer attitudes surrounding multifactor authentication and biometrics, and recent successes in fraud prevention in the United Kingdom. About The Playbook.

Zelle 89

Zelle P2P Scams Financial Crimes 89

PYMNTS

AUGUST 16, 2019

The airline claims that 24[7] fell short of implementing basic security controls like forbidding workers from using the same login credentials or requiring multifactor authentication for employees accessing source code. According to the news outlet, hackers changed the source code of the chatbot via compromised credentials.

Data Breach 84

Data Breach Breach Multifactor Authentication Credential 84

PYMNTS

NOVEMBER 13, 2020

Digital identity solutions have become increasingly widespread in recent years as alternatives or supplements to old-fashioned authentication methods like passwords. Multifactor authentication (MFA) and biometric scans are quickly becoming the norm in numerous fields, including online accounts for banks and other businesses.

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Multifactor Authentication MFA Verification Online and Mobile Banking 97

PYMNTS

APRIL 16, 2020

Businesses are doing their part by having employees work from home, but some companies are struggling to keep operations secure as opportunistic fraudsters aim to take advantage of the pandemic’s disruption. The Spice House Secures Supplier Payments With Cloud-Based Payment Portals. To read the Deep Dive, download the Tracker.

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Cross-Border Multifactor Authentication Security Automation 52

PYMNTS

SEPTEMBER 22, 2020

The feature can connect to more than 11,000 financial institutions (FIs) and retains security through multifactor authentication and tokenization, Acumatica explained.

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Use Case Payment APIs and Integration Credit Union FinTech 110

PYMNTS

SEPTEMBER 3, 2020

Security Is Top Of Mind . The rising tide of card-not-present transactions and digital commerce also brings security Issues to top of mind, noted Cole. The transparency and user-friendly nature of apps also mean retailers and merchants will have to shift the ways in which they design and present loyalty programs.

Digital Payments 104

Digital Payments Multifactor Authentication Point-of-Sale (POS) C2B 104

PYMNTS

SEPTEMBER 4, 2019

That can make the authentication process tricky when it comes to satisfying consumers who want things done quickly. 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.

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MFA Multifactor Authentication Security Authentication 61

PYMNTS

OCTOBER 8, 2020

Offering seamless sign-up experiences is becoming more difficult, with the health crisis boosting the need for greater security, however, especially as fraudsters attack digital platforms in droves. . Consumers do not expect to have to choose between speed and security, however. Balancing Seamlessness And Security.

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Verification Multifactor Authentication Authentication Online and Mobile Banking 83

PYMNTS

DECEMBER 5, 2016

More security. But Choudhury noted another equally important step is improving security for digital transactions. Consumers think because something has a fingerprint scanner on it or a fingerprint sensor and an associated chip device that it’s secure,” said Choudhury. Future developments.

Mobile Payments 65

Mobile Payments Multifactor Authentication Online and Mobile Banking Authentication 65

Stax

NOVEMBER 21, 2024

These processes are facilitated by a network of financial institutions and technologies that work together to ensure the seamless and secure transfer of data and funds. The company facilitates the transfer of information and funds between the customer’s bank and your business’ bank.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

PYMNTS

AUGUST 24, 2020

To protect businesses, security experts urge anyone who receives such a request to double- and triple-check with whomever made the initial request. The Pandemic's Security Impact. How To Retain Security. One seemingly real enquiry to change bank account details can — and often does — mean millions of dollars lost.

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Deepfake Business Email Compromise Scams Multifactor Authentication 61

PYMNTS

JANUARY 27, 2021

“Innovation in financial technology means that we are now able to deliver products and services that are as credible, robust and secure as banks, but free of legacy issues, while being more obtainable, affordable and better suited to the small- to mid-sized business sector,” said Tat Capital Founding Director Ram Gorlamandala in a statement.

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Commercial Card Payroll Multifactor Authentication B2B 94

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.

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Multifactor Authentication Online and Mobile Banking Checks MFA 107

PYMNTS

JUNE 8, 2020

There’s work being done securing APIs , but businesses are using them confidently, not just to field new products and CX, but also as a data cyber shield found only in the clouds. Cloud platforms are also helping firms secure APIs with built-in capabilities that apply security policies through nonintrusive policy enforcement.

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API B2B MFA Security 52

PYMNTS

AUGUST 7, 2019

Data breaches’ stakes are sky high for corporations, meaning ID security is even more important to the United States federal government. Any lapse in governmental security could have much farther-reaching effects. Providing two of the three is typically sufficient to securely verify identities. .

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Multifactor Authentication Governance Government Data Breach 47

PYMNTS

OCTOBER 6, 2020

The IBAN accounts at Monneo, she added, are issued by actual banks linked to Monneo's segregated bank account in order to give better security to merchants. It allows for incoming and outgoing transactions across SWIFT multi-currency for international payments; SEPA Euro within the Euro zone; GBP Faster Payments and CHAPS in the U.K.;

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IBAN Multifactor Authentication Multi-Currency Authentication 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.

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Fincen AML Suspicious Activity Report (SAR) Financial Crimes 139

The Fintech Times

MARCH 6, 2024

However, as the digital payments ecosystem expands, ensuring the security of customer payment information remains a paramount concern. As a result, our focus remains on combating fraud and enhancing security. Merchants must ensure that the checkout process is quick, efficient, and secure, benefiting all parties involved.

Digital Payments 64

Digital Payments Innovation Security Issuers 64

Global Fintech & Digital Assets

DECEMBER 11, 2023

Technical Controls The Amendments introduce a number of heightened technical controls, including: Multifactor Authentication: With only very limited exceptions, multifactor authentication (MFA) is now required for “any individual” accessing “any information system” of a covered entity.

Cybersecurity 59

Cybersecurity Multifactor Authentication Risk Assessment MFA 59

PYMNTS

JANUARY 13, 2021

eCommerce consumers said security is important when shopping, and 83 percent said that transparent fraud protection information plays a large role in deciding which eTailer to do business with. Developments F rom The World Of Digital Fraud. A survey found that 92 percent of U.S.

Fraud Prevention 75

Fraud Prevention Posting Multifactor Authentication Scams 75

Fintech Finance

MAY 22, 2024

MyTU implements advanced security through custom multifactor authentication, which integrates multiple ECDSA keys with IP and DNS data verification, and utilizes secure timestamps alongside bidirectional out-of-band communication, to ensure the highest standard of security and compliance.

API 59

API Payment APIs and Integration Process Multifactor Authentication 59

PYMNTS

NOVEMBER 16, 2020

It wasn't necessarily fundamentally that different from the kind of fraud that we've seen in the past, but people and businesses forgot good [ security ] practices because there was such a sense of urgency and the environment.”. Customers are largely willing to accept a little extra friction in the name of security, Kakani noted.

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Authentication Best Practices Multifactor Authentication Fraud Prevention 72

The Paypers

AUGUST 9, 2017

(The Paypers) Rivetz was announced its collaboration with National Cybersecurity Center of Excellence (NCCoE) on the Multifactor Authentication for e-Commerce project.

Multifactor Authentication 28

Multifactor Authentication Cybersecurity Security Authentication 28

PYMNTS

JANUARY 10, 2019

The headlines surrounding PSD2 trumpet the arrival of open banking – where customers and companies have access to data in one place and can share it with third parties through APIs – but there is also the need for strong customer authentication (SCA). Looking for Exemptions.

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Multifactor Authentication Authentication Compliance Service Provider 69

PYMNTS

NOVEMBER 16, 2020

Digital identity has become a crucial part of the telecommunications industry as the proliferation of smartphones and the personal data they hold makes security paramount. Multifactor authentication (MFA) has become commonplace for online accounts, with users confirming their identities via text messages sent to their phones.

MFA 71

MFA Verification Online and Mobile Banking Multifactor Authentication 71

PYMNTS

OCTOBER 25, 2017

Increasingly, voice is being used as a security feature, but it actually has huge holes in it,” Shin said. “If You really need to have a second channel or factor of authentication if you want to authenticate the owner of that voice.”. Voice recognition security isn’t the only thing on which Shin and his team are working.

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Security Authentication Multifactor Authentication Cybersecurity 40

PYMNTS

SEPTEMBER 14, 2020

The fallout continues to grow, with reports noting its slew of nonprofit and corporate customers have now been exposed to security threats as a result of data stolen in the Blackbaud breach. According to Breach Clarity CEO and Co-founder Jim Van Dyke , this isn't to say that organizations' security investments are failing.

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Breach Multifactor Authentication Ransomware Email Compromise 52

PYMNTS

FEBRUARY 18, 2020

This creates new security challenges as firms must learn to centrally manage their fraud protection methods while also gauging threats across many different channels. Banks that earn consumers’ trust by securing their mobile data and transactions will likely see plenty of growth, as 40 percent of U.S. Omnichannel Fraud Protection.

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Authentication Identity Theft Multifactor Authentication Fraud Prevention 52

PYMNTS

JULY 9, 2018

That cloud computing account had not been protected by multifactor authentication, Timehop said in the blog, noting that it has taken steps (including multifactor authentication) to secure authorization and access controls on all accounts.

Data Breach 40

Data Breach Breach Multifactor Authentication Credential 40

PYMNTS

SEPTEMBER 5, 2019

Sacknoff recently spoke to PYMNTS about examining how these authentication tools fit each channel customers use to interact with businesses. Fraud is an ever-evolving space, [so] it’s important, with multifactor authentication, to look at it holistically,” she said. Why AI, MFA Are Necessary Within Call Centers .

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MFA Multifactor Authentication AI Authentication 46

PYMNTS

NOVEMBER 13, 2020

It’s hard to say if they are,” said McLain, who added that some issuers have gotten their arms around the shift to multifactor authentication to make online purchases more secure, and some are wrapping things up.

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Issuers Cross-Border Multifactor Authentication Acquirers 61