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Deep Dive: Why Video-Based KYC Is Key To Seamless, Cost-Effective FI Onboarding

PYMNTS

Video-based KYC is an effective digital technology used increasingly to confirm customers? This method allows banks and merchants to verify customers through video interviews and biometric authentication, which are checked against physical documents. Video verification is one way to ensure smooth experiences and build trust. .

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Data Dive, Rainy Days Edition: Fines, Misses And Video Game Money Laundering

PYMNTS

And last week in payments and commerce was particularly drizzly — between real money launderers making use of fake video game funds, regulatory fines and earning fumbles, all kinds of players were reaching for their umbrellas over the course of the week. Sometime it rains. Fortnite’s Money Laundering Problem.

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Deepfakes’ Next Stop: Banking

PYMNTS

Right now, they’re fodder for viral videos that spur a bit of shock and a bemused “how did they do that?”. Research from cybersecurity firm Deeptrace shows there were nearly 14,700 deepfake videos online as of November of this year, compared to nearly 8,000 in December 2018.

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Where Credit Unions Invest To Get The Best ROI

PYMNTS

Most CUs strive to delive r a simple, personalized user experience. This means providing solutions that enhance the banking experience regardless of which channel members use to interact with the CU. Artificial intelligence (AI) is another innovation quickly gaining ground in the CU market.

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E la Carte Launches New Payment Terminal That Supports Apple Pay

PYMNTS

E la Carte noted that given the increasing rate of data breaches, EMV liability changes and increasing rate of identity and credit card fraud restaurant owners and retailers are upgrading their payment systems to improve security and thus reduce costs.

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Now is the time to prepare for the FedNow launch

Independent Banker

As community banks plan to take the solution to market, how they structure the customer-facing product will be central to the user experience and ongoing adoption. Our institution has taken a strong focus on fraud as we prepare for FedNow,” Furey says. Go-to-market preparations. and another pilot bank.

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Santander Shows One Way Forward For 5G And Banks

PYMNTS

According a report on Monday (June 24), the bank “has kicked off an experiment with Telefonica to explore potential use cases for superfast 5G networks in banking.”. 5G Promise. 5G will mean zero waiting time.”. That low latency can go a long way, even though its benefits are just being understand.

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