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GAO: Post-Equifax, Agencies Must Tighten Online ID Proofing

PYMNTS

A report from the Government Accountability Office ( GAO ) said several government departments still rely on the three major credit agencies — Equifax, Experian and TransUnion — to verify a person’s identity before they can access their services online. Agencies like the U.S.

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Does KBA Have A Place In Online SMB Credit Checks?

PYMNTS

That does not mean older verification methods are obsolete, however: Many companies still rely on knowledge-based authentication (KBA) methods like passwords or security questions, even in areas like business lending — where stringent verification is crucial. Another form of identity security is biometrics.

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Can Less Digital Security Actually Be More Secure?

PYMNTS

And that fact — shared by Cognito CEO Alain Meier during a recent PYMNTS interview centered around changes in digital ID – serves to show the weakness of knowledge-based authentication. “We The system helps you collect the least amount of data from the largest number of users,” he said. Phone Number Ubiquity.

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Facebook’s Libra And The Future Of Digital Identity

PYMNTS

Many developers are leveraging biometrics to protect their customers, as such technologies provide safer alternatives to passwords and knowledge-based verification systems. All App Store apps that offer third-party sign-on systems will be required to offer the Apple’s program as well.

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Worldpay On Staying One Step Ahead of eCommerce Fraud

PYMNTS

trillion online in 2019 — an approximately 18 percent year-over-year increase in worldwide sales. . Entrepreneurs are not alone in seeing moneymaking potential in online shopping, though, as fraudsters are eager to steal what they can. The Hack-to-Fraud Cycle.

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How Genesys Is Personalizing Call Center Interactions

PYMNTS

CCAI and similar systems consist of four major components – contact center interface, virtual agent, agent assist and knowledge base – that work together to assist both the caller and the agent, while simultaneously collecting data about the call for future analysis. Securing the Knowledge Base.

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Fiserv Rolls Out Enhanced Consumer Authentication Solutions

PYMNTS

In a press release , Fiserv said the two new solutions expand beyond knowledge-based consumer authentication that can be vulnerable to fraud. Fiserv, the global provider of financial services technology solutions, announced on Wednesday (Aug. They use a five-digit code via text or email that is valid only during the call.

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