PYMNTS

MARCH 17, 2017

A classic image of payment fraud involves a fraudster stealing credit card numbers and shopping for goods in-person or online. But what’s left out of this picture, said David Dewey, director of research at Pindrop Security , is the element of voice. From there, I could have done anything I wanted to on his account.”.

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Fraud Cards Houston Retail 107

PYMNTS

MAY 16, 2019

The former intends to integrate the latter’s Contact Center AI (CCAI) into its call center products and, in a recent interview with PYMNTS, Lasserre and Gnan Gowda, Genesys’ senior director of software product management and global security, discussed how this will help the company’s customers without compromising security.

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Knowledge Base Fraud Security Software 100

PYMNTS

AUGUST 22, 2018

22) that it has rolled out two enhanced consumer authentication solutions, step-up authentication and identity verification, to mitigate card fraud within call centers. In a press release , Fiserv said the two new solutions expand beyond knowledge-based consumer authentication that can be vulnerable to fraud.

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Fraud social media Knowledge Base Cards 101

PYMNTS

MAY 15, 2018

The Pros and Cons of Standard Security Choices. Beyond the static password, there are a few methods that organizations have been implementing in recent years to try to stay ahead of the fraud problem. Plus, data breaches have left a lot of those security responses exposed. Then there’s two-factor authentication.

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Fraud Training Security Compliance 129

PYMNTS

OCTOBER 7, 2019

Identity security is key when it comes to protecting financial information, and it can be devastating if sensitive documents from credit checks fall into the wrong hands, making authentication critical. Hanson estimated that the latter comprises approximately 90 percent of its customer base. “You The Right Questions Are Key.

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Tools Data Security Fraud 101

FICO

JULY 21, 2019

For many customers, biometric authentication is not practical — both because of limited consumer adoption but also because availability through 3D Secure is not wide. To learn more, see our pages on both managing SCA and on limiting the need to use SCA by using permitted exemptions that secure payments by transaction risk analysis.

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PYMNTS

SEPTEMBER 6, 2018

Might an on-demand mindset benefit those tech upstarts when tackling issues like fraud and anti-money-laundering (AML)? The store is self-serve, which means that customers can select a plugin, try a demo, pay with a credit card, and be off and running. they can take place with tokens classified as securities.

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Compliance Fintech Regulation Knowledge Base 133

PYMNTS

SEPTEMBER 22, 2017

Among the front row seat observers in the battle for payments security is Stephen Stuut, CEO of online mobile payments and identity verification company Jumio. A large number of banks and online sites still rely on knowledge-based authentication. We also keep a close eye on emerging cyber threats and data breaches. Guess what?

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Innovation Knowledge Base Online Mobile 140

PYMNTS

JULY 26, 2017

This controversy speaks to larger security concerns surrounding the regulation. Regardless of how FinTechs access customers’ financial data, that data is going to be open to more players and shared more often than before, creating privacy and security issues. Work Email*.

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Regulation Fintech Data Security 110

NCR

DECEMBER 20, 2017

User authentication has been a chief security concern for financial institutions (FIs) for many years, and is arguably more pressing today than it has ever been before. It should be remembered that, like any new security technology, biometrics could raise its own unique questions and concerns.

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Security Knowledge Base blockchain Analysis 77

Abrigo

MAY 8, 2024

You might also like this webinar, "The check's in the mail: Understanding and preventing check fraud." Many financial institutions have been using artificial intelligence (AI) for years, particularly in supporting cybersecurity and anti-fraud efforts. How banks and credit unions use genAI today Short supporting copy.

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Examples Fraud Resources Risk Management 195

FICO

JULY 15, 2020

By building a 360 º view around their customers, companies are able to develop a very detailed knowledge base around each customer that reveals all sort of unprecedented insights about their future behaviors and needs. No need to tell them it came from knowledge base full of algorithms. TIP 4: Be a good listener.

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How To Study Analytics Knowledge Base 52

William Mills

MAY 11, 2016

Credit cards offer rewards but over 60% of payments are made on debit cards. Demo: Sezzle app with knowledge based authentication to link bank accounts. It’s all done through the smartphone, with bank-level security. Chip card reader for when customers are shopping online to improve security.

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PYMNTS

AUGUST 21, 2018

However, complacency seems to reign, as Webster and Pointner discussed, and as rendered by this second data point, which is the percentage of consumers comfortable with simply answering knowledge-based questions when it comes to proving their identity. In other words, it’s not just about onboarding. Where We Are Headed.

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Data Knowledge Base Security Cards 105

PYMNTS

SEPTEMBER 12, 2019

Merchants are reliant on their card acquirers as well as banks for answers to these questions, and it will be up to those partner institutions and services to ensure that merchants are not left blindsided by a rush of declined transactions under SCA.

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Regulation Google Compliance Knowledge Base 126

PYMNTS

NOVEMBER 15, 2017

With no face to match to the name and no data beyond the traditional Social Security numbers, dates of birth and passwords, is it any wonder that account security is a tough battle to fight — especially against foes who have leveraged data breaches into literal gold mines?

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social media Fraud Knowledge Base Data 100

PYMNTS

MAY 31, 2018

If that data has already been exposed, then taking it back from organizations doesn’t do much good – there needs to be a way to tell, in the moment of the transaction, that a customer is legitimate rather than a criminal who has gained access to their static credentials, such as birthdate, address and Social Security number. Secure Signaling.

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ATM Data Security Regulation 109

PYMNTS

APRIL 11, 2017

In an age where credentials are lifted and bartered and sold like the currencies hackers target themselves, the concept of anti-fraud efforts revolves around a simple idea: to make sure that the person being done business with is who they say they are in the first place. Thus, security of data becomes top of mind within a firm. “If

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Data social media Fraud Online 101

Fintech Labs Insights

DECEMBER 5, 2016

. “Last year, a Javelin report said that there was $9 billion lost due to card fraud. So do we have a security problem or a convenience problem?” ” “As a security professional I’ve always been told you can be secure or you can be convenient but you can’t be both,” White said.

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Security Mobile Technology Virginia 12