PYMNTS

APRIL 22, 2020

Banks are jostling for space in the market because an expanding number of FinTechs and large-scale technology companies are competing for the same set of consumers. FIs that are reliant on data caches that are just a year old are at a distinct disadvantage, not only for fraud protection, but also for successful onboarding.

Security 133

Security Data Fraud Tools 133

PYMNTS

OCTOBER 19, 2018

Bill Nelson, CEO of the Financial Services Information Sharing and Analysis Center (FS-ISAC), told PYMNTS that these rumors are likely the result of an overzealous watchdog, or security vendors that are hoping to create a market for their offerings. Using data to fight fraud. They have to know what [and who] the biggest threats are.”.

Fraud 100

Fraud Knowledge Base System Tools 100

PYMNTS

SEPTEMBER 5, 2019

Fraud protection has never been taken lightly by call centers, but the need for stricter authentication is reaching new levels in the face of automated bot attacks and near-daily account takeover (ATO) attempts. Fraud is an ever-evolving space, [so] it’s important, with multifactor authentication, to look at it holistically,” she said.

social media 116

social media Fraud Tools Knowledge Base 116

PYMNTS

JULY 10, 2019

With the digital identity market expected to reach $15 billion by 2024, major ID providers such as Google and Apple are racing to improve the identity verification experience. Developments From Around the Digital Identity World. Apple announced its own digital ID program, Sign In with Apple, at its recent Worldwide Developers Conference.

Apple 158

Apple social media Knowledge Base Mobile 158

PYMNTS

AUGUST 21, 2018

According to Philipp Pointner, chief product officer at Jumio , a full 90 percent of consumers are comfortable with simply answering knowledge-based questions when it comes to proving their identity. billion consumer records are exposed on the black market — and that’s just a tally from the past year. They really shouldn’t be.

Knowledge Base 110

Knowledge Base Data Security Trends 110

PYMNTS

MAY 15, 2018

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. The names of most people’s childhood pets and favorite teachers are now for sale on the black market. Trend spotting enables providers to be proactive about new types of fraud.

Fraud 129

Fraud Training Security Compliance 129

NCR

DECEMBER 15, 2017

According to a recent report published by Research and Markets, the global biometrics-as-a-service market – which offers capabilities such as biometric onboarding and authentication via the internet – will grow in value from US$838 million in 2017 to nearly US$3 billion by 2022.

Fraud 96

Fraud Security Knowledge Base Analysis 96

PYMNTS

SEPTEMBER 6, 2018

Might an on-demand mindset benefit those tech upstarts when tackling issues like fraud and anti-money-laundering (AML)? There also is what is being billed as a “plugin knowledge base” that offers implementation and reference guides, along with videos. IdentityMind has come to market with two offerings: the KYC and ICO plugins.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

PYMNTS

MARCH 14, 2017

Though money laundering is a dangerous and enormous aspect of fraud, it’s often overshadowed by high-profile data breaches and other cybercrime activities. As fraud moves away from point of sale, Clark said the landing spot of choice is application fraud — applying for an account using a fraudulent identity that’s either stolen or synthetic.

Meeting 111

Meeting Fraud Knowledge Base User Experience 111

PYMNTS

MARCH 28, 2017

Meanwhile, iris-based identity management technology solution providers IriTech, Inc., As part of the newly struck agreement, the companies will market their offerings as one complete biometric solution. And as digital identity protection and security become increasingly important to financial markets and institutions across the U.S.

Report 100

Report Knowledge Base Security Technology 100

PYMNTS

FEBRUARY 12, 2019

As PYMNTS readers probably know better than others, those easily exploited sources of knowledge-based consumer authentication data continue to endure, even as criminals steal and trade massive amounts of that information on the digital black market. Just consider usernames and passwords.

St. Louis 144

St. Louis Mississippi User Experience Knowledge Base 144

PYMNTS

JANUARY 24, 2018

states passed laws allowing documents to be notarized electronically if the participants were in the same room as the notary, thus opening the market for solutions like DocVerify’s. Both solutions rely on knowledge-based authentication (KBA) protocols, like those used by banks or other financial players. “If Chicken or the Egg?

Knowledge Base 121

Knowledge Base Virginia Security Technology 121

PYMNTS

SEPTEMBER 22, 2017

A large number of banks and online sites still rely on knowledge-based authentication. SS: Our industry and our market dominance have paralleled the growth of smartphones. Now, consider the impact this has on the identity market. Naturally, I think Jumio is the best, most battle-hardened solution on the market.

Innovation 140

Innovation Knowledge Base Online Mobile 140

PYMNTS

NOVEMBER 1, 2017

In a recent digital discussion with Karen Webster, Michael Sass, VP Market Product Management, Security Solutions, Europe, Mastercard , and James Rendell, VP Product Management, Payment Security, CA Technologies , discussed the advantages as well as the obstacles that are still in the way. Second, biometrics reduces fraud risk dramatically.

Security 109

Security Payments CA Data 109

PYMNTS

DECEMBER 26, 2016

As a result, authentication and identity verification practices that rely on data only, such as passwords and knowledge-based authentication questions, have been scrutinized and are largely seen as no longer sufficient. Close to 75 percent of companies surveyed are planning to move away from relying on passwords for this very reason.

Mobile 109

Mobile Payments eBook User Experience 109

PYMNTS

JULY 26, 2017

The earlier regulation was designed to increase competition in the European financial services market. It forces some players in the market to open up their information to other parties, and that is really a very new element.”. So, the market for this is much bigger than just what PSD2 achieved.”. First Name*.

Regulation 110

Regulation Fintech Data Security 110

FICO

OCTOBER 26, 2021

But the reality is that credit unions are still competing for customers in the same market as big banks and FinTechs. On one side, you have big banks with big budgets and market dominance – but according to a recent survey by Accenture , only 29% of U.S. Don’t ignore competition that can steal your members.

Analytics 52

Analytics Community Branding Data 52

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.

How To 52

How To Study Analytics Knowledge Base 52

William Mills

MAY 11, 2016

Demo: Sezzle app with knowledge based authentication to link bank accounts. What’s the market strategy? Then confirm identity with knowledge based authentication. Started talking about the challenge of having to change credit cards all the time (due to fraud). Plus the 1% rewards. ^KT. Then Picture of ID.

Video 40

Video Mobile social media Analytics 40

PYMNTS

AUGUST 21, 2018

This is the number of consumer records exposed on the black market, a tally from the past year. This data is not merely exposed: Now, that billion-plus number is floating around on the digital black markets, ripe for the plucking. Data Point One: 1.4 In the end, yes, the data is out there, numbering in billions of records.

Data 105

Data Knowledge Base Security Cards 105

Fintech Labs Insights

SEPTEMBER 29, 2016

Stuut: To enable these markets to foster, regulations are being put in place that force compliance with KYC and address AML. Stuut: Jumio replaces laborious and unreliable systems including knowledge-based authentication (KBA), inferred verification, and in-person verification by untrained individuals.

Security 12

Security Mobile Industry Knowledge Base 12

Fintech Labs Insights

DECEMBER 5, 2016

“Last year, a Javelin report said that there was $9 billion lost due to card fraud. We are seeing our technology impacting top-line revenues and shifting market share for major global companies. The results of Daon’s continuing mission to ensure IdentityX solves well-understood-business problems are unparalleled in the market.

Security 12

Security Mobile Technology Virginia 12