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Geolocation Puts A Pin In Anti-Fraud Solutions

PYMNTS

With digital transactions and eCommerce soaring during the pandemic, the rate of increasingly sophisticated fraud has also risen. Unlike the crypto markets, Wingert said the banking and payments industries continue to be slow to adapt to the challenges of KYC and fraud prevention. In fact, a recent GeoGuard survey found that U.S.

Fraud 270
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Device ID Helps Fight Holiday Fraud Amid Record Online Shopping

PYMNTS

At a time when COVID-19 has seen global eCommerce and digital traffic grow by nearly 70 percent, security experts have braced for a commensurate surge in online fraud as the holiday shopping season continues. The key to this is user experience,” he said. At the center of all these regulations is the consumer,” he said.

Fraud 215
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Keeping Theater Order-Ahead Fraud- And Drama-Free

PYMNTS

In the latest Mobile Order-Ahead Tracker , PYMNTS examines developments in the mobile order-ahead world, as well as how consumers are responding to new features and tools designed to augment usersexperiences for the better. However, the rise of mobile ordering also comes with growth in account takeover fraud.

Fraud 186
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Is It Time For Cryptocurrency To Become More Regulated?

PYMNTS

The rapid growth of cryptocurrency has come with closer scrutiny and a call for tighter anti-money-laundering (AML), know-your-customer (KYC) regulations. This push for regulations hasn’t come without controversy. Some think they go too far.

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SIA, INFORM Team Up To Advance Digital Payments Authentication

PYMNTS

“Consumers benefit from the real-time transaction risk analysis with fast and frictionless online shopping, leading to a simple and secure user experience.” . The SIA and INFORM initiative is part of the compliance with the new Payment Services Directive (PSD2) and also helps protect shoppers from online fraud. .

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Ternio Integrates With Plaid To Ease Access To Crypto-Friendly Accounts

PYMNTS

With Plaid, users are able to link bank accounts securely near-instantaneously, through using login credentials rather than verifying through micro-deposits, which could help to cut down on fraud. By bridging the gap, Kane said, the digital payments ecosystem will benefit from a fuller way to use crypto.

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Kenya Adds New Data Regulations To Encourage Foreign Tech Entrants

PYMNTS

Local firms including Kenya Airways , tourist hotels and phone-based lenders such as Safaricom will now have to comply with the new regulations. “Kenya has joined the global community in terms of data protection standards,” Joe Mucheru, minister for information, technology and communication, told Reuters.