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Deep Dive: Safeguarding B2B eCommerce And The Corporate Customer Experience

PYMNTS

B2B vendors may safeguard their shopping experiences by requiring customers to undergo robust know your customer (KYC) checks. False Positives and Data Security. Online merchants must also be careful to ensure their fraud-fighting systems work without mistakenly sweeping up honest customers.

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Mitek Upgrades Digital ID Verification With NFC Technology

PYMNTS

22) that it will be incorporating NFC capabilities, which increase the speed and security of transactions, into its “identify verification workflow.”. Mitek noted in a press release that its new NFC-enabled “fast lane” can enable “banks, FinTechs and financial organizations onboard their customers more simply and securely.”.

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A Digital Mindset: The Key to an Enhanced Strategy for Insurance Commerce

Perficient

Transparency and control – Enhanced digital tools can help improve the commerce experience with improved research and comparison tools. . In The State of Digital Insurance, 2021, a Forrester report shows that security, customer experience (CX) design and data issues are the biggest inhibitors to digital transformation.

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10 Questions Banks Should Ask About Their Digital Account-Opening Capabilities

Perficient

What information is easily obtainable via social media, making it less useful for KYC and security purposes? Latency kills the customer experience, and many banks’ mobile apps are not fully optimized for mobile devices, with rich content slowing them down. Do we encourage a dialog with prospective customers?

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Where Does Chime Go From Here?

Gonzobanker

That’s similar to MoneyLion, whose Q2 2023 securities filing claimed the company had “nearly” 10 million customers. Because banks like Bank of America, Chase, Wells Fargo and other large regional banks have highly diverse product lines, making a direct comparison of number of customers nearly impossible.

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A Critical Look At Debit Routing

PYMNTS

“Retailers selecting a card authorization method and network are often concerned with the impact on consumer convenience, their own bottom lines and security,” the report states. Merchants are calling the shots in debit routing, and appear focused on turning profits and pleasing customers with fast, secure transactions,” the report concludes.

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Why The SCA Delay Is Both An Opportunity, Challenge

PYMNTS

The benefits could be quite significant in terms of providing additional security and, ultimately, a better consumer experience. Hungary, by comparison, has announced a shorter time frame than the U.K. That might mean implementing more seamless security techniques that don’t create friction for the consumer.