Remove 2001 Remove Cards Remove Payments Remove Security
article thumbnail

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
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Black Swans Are The Sandbox Of New Innovations

PYMNTS

At the time of the black swans in 2001 and 2008, it was hard to tell anything positive was coming out of them. We even created the ability to use chip cards in a USB-attached chip reader to form-fill and send EMV-like payment information to merchants across the internet. Black Swans Are the Sandbox of New Innovations.

article thumbnail

Startup Spotlight: Invisible Payments, Invisible Hacks

PYMNTS

Invisible payments are convenient…until they’re not. From paying for groceries through Apple Pay to paying for a ride on Lyft, many popular services today require nothing but a phone – no need to pull out a credit card or sign a receipt. Yet just because these payments can’t be seen doesn’t mean they aren’t at risk.

Payments 118
article thumbnail

Vivier Launches New Online Banking Platform

PYMNTS

Founded in 2001 and licensed in New Zealand, Vivier focuses on high-interest savings accounts that avoid the risk of market volatility. It offers customers a complete list of banking needs, such as debit cards, international money transfers and secure, low-risk loans protected against real estate.

Online 100
article thumbnail

B2B FinTechs Diversify Funding Strategies With M&A, IPOs

PYMNTS

raised $10 million from SEB Bank and Seed Capital for its commercial card technology. Funding Xchange secured $10.3 Enfuce targets banks, FinTechs and merchants with its payments and open banking solutions, and it said it plans to use the latest funding to focus on growth and scale. billion in payments every year.

Strategy 109
article thumbnail

Artificial Intelligence: FIs’ Friend Or Foe?

PYMNTS

It doesn’t mask murderous intentions with a calming voice like HAL of “2001: A Space Odyssey.” Today, there are many areas in consumer business, financial services and payments that are fraught with friction, human involvement and user data to process — So. It’s not a beautiful but cunning killer like Ava of “Ex Machina.”.

Data 187