Remove Knowledge Base Remove Online Remove Payments Remove Technology
article thumbnail

Deep Dive: Why New Hacking Technology Has Made Application Fraud More Difficult To Fight

PYMNTS

These attacks have grown more sophisticated as technology advances, and fraudsters are furthering their schemes with synthetic identity fraud, or scams in which bad actors invent new identities specifically for criminal purposes. Many FIs are thus relying on AI or ML tools to automate authentication.

Fraud 208
article thumbnail

Top News In Payments: Square Unveils CBD Early Access Program; New York Examines Payroll Tech Industry

PYMNTS

Today in the payments news roundup, Square is rolling out CBD early access program that will allow U.S. Also, New York is taking a closer look at the payroll technology space with the fallout from the scandal and collapse of MyPayrollHR. Does KBA Have A Place In Online SMB Credit Checks? vendors to sell CBD items.

New York 122
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Deep Dive: Why ML Plays A Key Role In Debit Issuers' Fraud-Fighting Strategies

PYMNTS

PIN-based debit transactions are some of the most secure, but this payment method is being used less and less, with consumers instead turning to eCommerce and in-person contactless payments during the pandemic. Security challenges are mounting, too. Not all CP purchases are equally safe, however. Understanding Customers.

Fraud 273
article thumbnail

The Perfect Secure Payments Storm

PYMNTS

protocol and the European Union’s second Payment Services Directive (PSD2) have delivered a one-two punch for issuers and merchants in order to comply with these new regulatory requirements and network authentication processes. Sass says weak security challenges like passwords and knowledge-based questions (i.e. 3D Secure 2.0

Security 109
article thumbnail

How Face ID Can Power End-To-End Verification

PYMNTS

The ideal — the goal of ongoing work across much of the digital payments and commerce industries — is to join two related, but distinct, tasks in the hopes of bringing more security and convenience to financial and retail transactions. According to Pointner, that would be facial recognition technology. The Hot Thing.

St. Louis 144
article thumbnail

Facebook’s Libra And The Future Of Digital Identity

PYMNTS

Their presence is felt in every corner of digital life: utilizing these providers to log in to third-party websites has become ubiquitous, along with the ability to pay for goods and services via the developers’ proprietary payment methods.

Apple 158
article thumbnail

Small Business Banking Tests The Digital Identity Waters

PYMNTS

Rising Know Your Customer and other risk mitigation regulations have the financial services world eyeing digital identity technology. Already seeping into the consumer services world, digital identity technology is expected to hit a $12.8 billion valuation by 2024, according to the latest PYMNTS Digital Identity Tracker.

Strategy 124