PYMNTS

MARCH 18, 2019

Authenticating.com is working to combat identity fraud by combining different solutions to securely automate and outsource identity verification and fraud prevention as a service. Personally identifiable consumer information is encrypted end-to-end, then anonymized, de-personalized and bifurcated to ensure that the data is secure.

Fraud 108

Fraud Knowledge Base Regulation Data 108

PYMNTS

JUNE 11, 2020

What is new is the way in which the technology is being incorporated into businesses’ broader efforts to comply with relevant AML/KYC regulations to help mitigate identity theft and fraud and the legislation being adopted to support those technologies and govern the ways they are implemented. Digital Innovation, Legal implementation.

Compliance 186

Compliance Guidelines Meeting Tools 186

PYMNTS

SEPTEMBER 19, 2019

Machine learning (ML) and artificial intelligence (AI) have been used by banks for fraud protection for several years, but these technologies are just starting to take on main roles: They are now displacing traditional knowledge-based authentication (KBA) methods like PINs and passwords.

Fraud 144

Fraud Data Mobile Tools 144

PYMNTS

DECEMBER 26, 2016

and also meet the growing ID verification requirements under ant-money laundering (AML) regulations. 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.

Mobile 109

Mobile Payments eBook User Experience 109

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. Another reason for reluctance about generative AI is the highly regulated nature of banking. See President Biden’s Executive Order on the safe, secure, and trustworthy development and use of artificial intelligence.

Examples 222

Examples Fraud Resources Risk Management 222

PYMNTS

SEPTEMBER 12, 2019

Regulators within the EU are looking to give merchants a bit more time when it comes to SCA, despite the deadline being immovable. The regulator is thus looking for ways that it can grant merchants more flexibility when it comes to SCA requirements. For more on PSD2 and GDPR, visit the Tracker’s News and Trends. About the Tracker.

Regulation 126

Regulation Google Compliance Knowledge Base 126

PYMNTS

APRIL 11, 2017

The reason Yahoo was targeted, said Geiman, was because bad guys wanted to get the answer to knowledge-based questions. Thus, security of data becomes top of mind within a firm. “If There is also suspicion of just how secure some data might be, such as someone’s mother’s maiden name. It is a scary thing to you.”.

Data 101

Data social media Fraud Online 101