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PAAY Rolls Out Partner Platform To Complement EMV 3DS Technology

PYMNTS

By comparison, the first 3-D Secure (3DS) technology provides consumers with a user experience marked by lengthy times for processing and verification. Our EMV 3DS solution enables small businesses to securely pivot and capitalize on the immense growth of remote commerce, while not sacrificing the end-user experience.”.

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Mitek Upgrades Digital ID Verification With NFC Technology

PYMNTS

A major provider of financial technology to banks, Mitek Systems said its digital identity verification software will now incorporate near-field communication (NFC) technology as well. Mitek, a top developer of digital identity verification and mobile check deposit technology, announced on Thursday (Oct.

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Top News In Payments: Antitrust Probe For Google Shopping Comparison Tool; Visa Warns Of Rise in Gas Station POS Cyberattacks

PYMNTS

Department of Justice is expanding its antitrust probe to include Google’s online shopping comparison tool, and Visa warns of an increase in fuel dispenser POS cyberattacks. US Antitrust Regs Probe Google’s Shopping Comparison Tool. Also, Uber is negotiating the sale of Uber Eats to India’s Zomato.

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NEW DATA: Why Bank Customers Prefer Convenience Over Security

PYMNTS

Consumers prefer speed, convenience and ease of use over security — even when it comes to accessing financial services online. In comparison, only 45 percent said they would prefer an authentication method due to its tight data security. At the same time, though, the risk of identity theft and fraud is at an all-time high.

Security 148
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NerdWallet explains how its credit card will help vast swath of users

American Banker

The product-comparison site, which rates and ranks credit cards, is debuting its own secured credit card that it believes will help users improve their credit scores and pursue better offers.

Cards 77
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A Digital Mindset: The Key to an Enhanced Strategy for Insurance Commerce

Perficient

The connection between technology and consumers in the insurance industry has never been more relevant. Although the insurance industry was already facing rising competition and customer expectations, the global pandemic forced our industry to take legacy processes and technologies, and transition to “digital” seemingly overnight. .

Strategy 332
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The Big Spike In ‘CEO Fraud’

PYMNTS

As Colin Bastable, CEO of security awareness and training company Lucy Security, noted in an email to PYMNTS that this type of fraud doesn’t necessarily require hacking technology on an expert level. By comparison, phishing scams usually bring in between $300 – $500, while ransomware attacks cost around $4,400.

Fraud 253