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Strategies for fighting remote authentication fraud

Independent Banker

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. These types of scams fall under the broad term of remote authentication fraud, and they’re increasingly common—and inventive. Examples of remote authentication fraud. New account fraud.

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Second Day, Second Wind On Innovation Debates

PYMNTS

The business cards have all been exhausted, and the hearty salutations give way to weary nods of (yet again) recognition. With blizzard Stella faded like Blanche Dubois’ southern charm, Boston still had its winter chill. But on the second day of Innovation Project 2017, eyes were beyond Beantown and cast toward the world at large.

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Mastercard’s Threat Scan Helps Banks Detect Vulnerabilities

PYMNTS

As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. Threat scan intuitively mimic fraudulent behavior and can be used in conjunction with tools already in place.

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Facebook And Google Payments Efforts Top Week’s News

PYMNTS

Goldman Denies Discriminatory Apple Card Practices, Says It Will Reassess Limits. Goldman Sachs has promised to reevaluate how credit limits are determined for Apple Card users after being accused of gender discrimination. Amazon To Build $40M Robotics Innovation Hub Near Boston. Google Dives Into DDAs.

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Mastercard’s Kirkpatrick: Transit Is The Ticket To Everyday Spend

PYMNTS

Loading funds onto a prepaid card that opens the turnstile once scanned, swiped or inserted works terrifically well – until the customer forgets to check the balance on his transit pass, and finds himself locked out at the turnstile. What better to get top-of-wallet relevance than embedding a contactless chip in your card?”

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Top News In Payments: Brex Unveils Management Account; Saga Teams With Marcus For Savings Accounts

PYMNTS

Brex Co-Founder and Co-CEO Henrique Dubugras said in a press release , “Even before customers think about credit cards, they need a place to store their business capital. Mastercard: Fraud-Fighting’s New Mantra — Test, Protect, Prevent . And Gerber noted that the attacks are going to keep on coming. .

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Happy Birthday To PYMNTS

PYMNTS

The traditional gift for a ninth anniversary is pottery, and our offices are in Boston – but, you know, no pressure.). and was followed by the great cybercriminal migration to the web and card-not-present transactions. We always want to talk to innovators and those who understand them best. But a lot has stayed the same.