Remove 2001 Remove Security Remove Technology Remove User Experience
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

Deep Dive: Why Video-Based KYC Is Key To Seamless, Cost-Effective FI Onboarding

PYMNTS

Know your customer (KYC) policies were introduced with the Patriot Act in 2001 following 9/11, intended to help stem the flow of funding to terrorists. Video-based KYC is an effective digital technology used increasingly to confirm customers? Video verification is one way to ensure smooth experiences and build trust. .

Video 201
Insiders

Sign Up for our Newsletter

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

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.” Kaplan said that larger FIs will probably invest it in further research and development to continue improving the customer service and end user experience. As technology evolves, banks need to be at the forefront.”.

Data 187
article thumbnail

Could Regulation Prevent The Next Cyberattack?

PYMNTS

11, 2001, terrorist attacks. PYMNTS’ Karen Webster recently spoke with Clarke, who shared his insights on what the recent cyberattack revealed about the financial world’s security apparatus and what steps are necessary to prevent subsequent attacks. The Digital Threat to Commerce. Clarke said he was a fan of SMS authentication.

article thumbnail

In Payments Security, Hunting For The Goldilocks Effect

PYMNTS

To put it another way, the theme of the fairy tale applies to the transactional world in which we live — getting it all just right and in balance, a crucial concept when it comes to the consumer experience and security in card-not-present (CNP) transactions. Now, “one of the nice things about 3D Secure 2.0” percent of revenues.

Security 108