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Improving User Experience and Increasing Security through Sign in with Apple

Perficient

At Apple’s 2020 Worldwide Developer’s Conference, Apple debuted “Sign in with Apple”, a new feature that allows users to sign in to apps and websites that use this feature, using an Apple ID. The Sign in with Apple feature is expected to see similar adoption rates. How Does It work? Why Use It?

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Today In Payments: Mastercard’s Cyber Secure Helps Fight Cyber Fraud; Amazon Focuses On Fulfillment After Record Quarter

PYMNTS

In today’s top news, Mastercard reveals its AI tool Cyber Secure to help banks fight cyber breaches, and Amazon reported record-setting earnings. Mastercard’s Cyber Secure Uses AI to Help Banks Fight Cyber Fraud. Apple Services Revenue Jumps, Subscription Bundles Debut. Alphabet reported on Thursday (Oct.

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TRENDING: Why Preventing Bank Cyberattacks Is Only Half The Omni Security Battle

PYMNTS

Cyberattacks on banks have become seemingly inevitable, with banks and financial institutions (FIs) at risk of losing as much as $100 billion to online fraud every year. FIs hoping to win the fight against fraud are increasingly embracing new tools and technologies like machine learning (ML) and artificial intelligence (AI).

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Hackers Steal Alipay Customers’ Money Via Stolen Apple IDs

PYMNTS

Alipay , the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. Reuters , citing Ant Financial , the payment affiliate of Alibaba, reported the Chinese company said the issue hasn’t been resolved even though it reached out to Apple already.

Apple 203
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U.S. Bank: Machine Learning Is Banks’ Best Bet Against Fraud

PYMNTS

Banks lost about $4 billion to account takeover (ATO) fraud attempts last year and fraudsters have been reluctant to abandon the scheme as this year progresses. Fraudsters made off with account numbers and other personal details, which could later be used for different synthetic identity fraud or related schemes. digital bank Monzo.

Fraud 196
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Greyhound Drives Omnichannel Security With AI, Advanced Learning Tools

PYMNTS

The travel industry may have seen exceptional growth in recent years, but the space has also toted the heavy baggage of rising fraud costs. Fraud could cost the market more than $25 billion this year, and approximately 20 percent of attempted travel-related transactions are confirmed to be fraudulent. Overcoming legacy systems.

Security 141
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How Radius Bank Is Tapping Mobile, Digital Card Issuance To Keep Debit Transactions Secure

PYMNTS

FIs must be prepared to support the pandemic-driven shift in consumers’ payment and spending behaviors while also keeping up with new security needs, Chris Tremont , executive vice president of virtual banking for Radius Bank , said in a recent PYMNTS interview. “As More Debit Payments, More Debit Fraud. is huge,” Tremont said.

Security 130