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Banks Turn To 3D Secure 2.0 To Fight Fraud

PYMNTS

Recent reports indicate an uptick in fraudsters targeting large FIs, and headlines surrounding security breaches and cyberattacks fill the news on a near-daily basis. Visa and Mastercard designed the 3DS protocols and provide them under the names Verified by Visa and Mastercard Secure Code. The evolution of payment protection.

Fraud 165
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Ping Identity Plans To Raise $100M With Public Listing

PYMNTS

Founded in 2001, Ping is said to be looking at a valuation of $2-$3 billion. The demand for improved security and authentication is growing in part due to the rise in hackers, the article said. Ping is a Software as a Service (SaaS) offering secure sign-on, multi-factor authentication, AI-based security policies and more.

Colorado 158
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No Pain, No Gain? GDPR, PSD2 And The New Payments Reality

PYMNTS

Last year brought the General Data Protection Regulation (GDPR) deadline, Europe’s attempt to boost online privacy and security for consumers — a law that just resulted in a $57 million fine against Google , which was accused of not doing enough to gain the consent of users when collecting data meant for targeted advertising. 3D Secure 2.0

Payments 195
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Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

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Artificial Intelligence: FIs’ Friend Or Foe?

PYMNTS

It doesn’t mask murderous intentions with a calming voice like HAL of “2001: A Space Odyssey.” When AI is branded as “efficiency” or “convenience” as opposed to “artificial intelligence,” the barrier to adoption will likely drop, said Kaplan. It’s not a beautiful but cunning killer like Ava of “Ex Machina.”.

Data 187
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17 Of The Biggest Startup Frauds Of All Time

CB Insights

Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. And others disappear forever. Outcome Health fights for its life. The Outcome.

Fraud 78
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Wirecard, Enron And Warning Signs Across Two Decades

PYMNTS

As things now stand, Wirecard is shaping up to be one of the biggest financial frauds in years, drawing at least some comparisons to Enron from decades past. Might we form a couplet from Enron to mark the beginning of the millennium and Wirecard to mark the end of the 2010s? ” Then the swift downturn — and insolvency.

New York 178