article thumbnail

Biometrics Changes Tempt eCommerce Companies As Fraud Defense

PYMNTS

As the digital shift continues to keep pace with post-coronavirus shopping behaviors, eCommerce fraud is growing with it. In fact, 22 percent of respondents in a recent TransUnion survey claimed they had “been targeted by digital fraud related to COVID-19.” The company’s technology tracks user behavior to determine fraud.

Fraud 164
article thumbnail

PAAY Rolls Out Partner Platform To Complement EMV 3DS Technology

PYMNTS

PAAY said its EMV 3DS offering lets merchants decrease chargeback costs, bolster authorization rates and maintain compliance as they provide an easy as well as frictionless experience for users. The company reports that retailers selling through eCommerce are experiencing record sales numbers, but fraud rates are also on the uptick.

Insiders

Sign Up for our Newsletter

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

article thumbnail

E Pluribus Unum: One Payment Stack To Rule Them All?

PYMNTS

There are pieces for checkout, payment processing, fraud detection, et cetera — but these tools and solutions often come from different sources and do not always communicate optimally with each other. There may even be multiple systems serving the same function, such as detecting fraud attempts. Hi, I’m Amazon. And You Are…?

Payments 122
article thumbnail

3D-Secure Overhaul Could Lead To Wider Adoption

PYMNTS

While much of Europe has embraced the use of the original 3DS protocol for the majority of virtual transactions, the protocol’s reputation for a clunky user experience in the online checkout flow has kept it from seeing the same adoption in the U.S. In fact, only 18 percent of U.S.-based based transactions leverage it today.

Security 102
article thumbnail

Boloro Takes An ATM Approach To Consumer IDV

PYMNTS

The user’s specific device must also be present, and the final, knowledge-based layer must be provided – so even if a fraudster managed to get his hands on the right device, he would still be barred from doing any damage without the user’s PIN. End User Experience. Kilb described this method as an “ATM approach.”

ATM 109
article thumbnail

Finovate Debuts: ICAR Builds a Digital Identify Profile for Client ID Verification

Fintech Labs Insights

Since then, the company has matured; it now offers five solutions across mobile, web, and desktop to help large financial institutions combat onboarding fraud. ” Codó continued, “We focus on three main market needs: user experience, fraud prevention and how to connect digital identity to physical identity.”

article thumbnail

Chime Spending Account Review: Low-Fee Checking Alternative

MyBankTracker

This Chime Spending Account review offers a closer look at the features, fees, and overall user experience you can expect when you move your money here. One cool feature included with Chime Spending Accounts helps with fraud prevention. Chime is one of the popular companies you might consider for a non-traditional bank account.

ATM 52