PYMNTS

NOVEMBER 1, 2017

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

Security Payments CA Data 109

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. FedNow: Along with lots of sessions and talk around instant payments and its various use cases. Maybe a topic for next year?

Conference 221

Conference Las Vegas Fraud Case Study 221

PYMNTS

DECEMBER 31, 2020

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

Fraud Strategy Security Cards 273

PYMNTS

JULY 31, 2020

Demand for flexible, reliable and prompt payment extends to knowledge-based professions as well. Freelancers were often paid with paper checks prior to the rise of the gig economy, which has an on-demand nature that mandates faster payment options such as ACH and PayPal. Adapting Pay For Changing Times.

Technology 142

Technology Security Knowledge Base Meeting 142

PYMNTS

JANUARY 24, 2020

Tackling emerging eCommerce fraud is more intricate than ever, and payment processing companies and their online merchant clients must cooperate to safeguard these transactions, Ryan Fox, head of global identity services at payment services provider Worldpay from FIS , said in a recent interview with PYMNTS. . The Hack-to-Fraud Cycle.

Fraud 153

Fraud Security Online Analysis 153

PYMNTS

FEBRUARY 19, 2020

Knowledge-based authentication (KBA) tools, which include security questions and passwords, are still just as common as they were a decade ago. Even though technology continues to progress, and automation improves via the adoption of digital technologies, traditional identity verification tools are still widely used.

Knowledge Base 130

Knowledge Base Tools Technology Compliance 130

FICO

JULY 21, 2019

The use of static card details such as PAN and CVV has been ruled out of use as both a knowledge-based factor and as a possession factor — somewhat contrary to an earlier opinion from the FCA. As I said at the conference flexibility in deployment is key. by Scott Taylor.

Knowledge Base 40

Knowledge Base Conference Analysis Security 40

FICO

JULY 21, 2019

The use of static card details such as PAN and CVV has been ruled out of use as both a knowledge-based factor and as a possession factor — somewhat contrary to an earlier opinion from the FCA. As I said at the conference flexibility in deployment is key. by Scott Taylor.

Knowledge Base 40

Knowledge Base Conference Analysis Security 40

FICO

JULY 22, 2019

The use of static card details such as PAN and CVV has been ruled out of use as both a knowledge-based factor and as a possession factor — somewhat contrary to an earlier opinion from the FCA. As I said at the conference flexibility in deployment is key.

Knowledge Base 40

Knowledge Base Conference Analysis Security 40

PYMNTS

MAY 12, 2016

What the initiative will entail includes: the digitization of school fees and national health care claim payments, providing an online payment gateway for Rwanda Online, contributing to the creation of a common mobile banking platform, and contributing to the effective management of spending activities across borders.

Knowledge Base 100

Knowledge Base Regional Online Meeting 100

PYMNTS

JULY 10, 2019

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

Apple social media Knowledge Base Mobile 158

PYMNTS

JANUARY 31, 2020

Debit is a core payment method in the U.S. A 2018 survey found that 40 percent of American financial institution (FI) customers in this age bracket reported debit cards as their go-to payment instruments, while 36 percent favored credit cards. These fraudsters can then sell the illicitly obtained payment data or use it in eCommerce.

Fraud 148

Fraud ATM Cards Security 148

PYMNTS

FEBRUARY 12, 2019

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. The Hot Thing. According to Pointner, that would be facial recognition technology.

St. Louis 144

St. Louis Mississippi User Experience Knowledge Base 144

PYMNTS

SEPTEMBER 6, 2018

Many FinTech firms operate with an on-demand mentality — services, payments and lending done 24/7, across time zones and currencies. There also is what is being billed as a “plugin knowledge base” that offers implementation and reference guides, along with videos.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

PYMNTS

JULY 26, 2017

At the end of the year, a new regulation called the second Payment Services Directive (PSD2) will officially take effect, requiring banks, credit unions, financial institutions and FinTech companies across the continent to change the way they conduct business. Change is coming to the European banking scene. From PSD1 to PSD2 .

Regulation 110

Regulation Fintech Data Security 110

PYMNTS

SEPTEMBER 22, 2017

Among the front row seat observers in the battle for payments security is Stephen Stuut, CEO of online mobile payments and identity verification company Jumio. A large number of banks and online sites still rely on knowledge-based authentication. What concerns you most in the payment solutions space?

Innovation 140

Innovation Knowledge Base Online Mobile 140

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

APRIL 23, 2020

Some fraudsters file insurance applications and claims under false identities, which is particularly common in the health insurance space, with individuals attempting to receive payment for friends or family members who lack their own policies.

Fraud 151

Fraud Company System Knowledge Base 151

PYMNTS

APRIL 4, 2019

“We are in an era where data can be found very easily on a customer given all the breaches, so it is no longer as secure to just have a username and password-based system, or even a set of knowledge-based data to answer questions with.

Mobile 169

Mobile Study Security social media 169

PYMNTS

OCTOBER 7, 2019

Nav’s primary tool in determining that authenticity is Experian’s Precise ID platform, which leverages knowledge-based authentication (KBA) by asking users questions about their credit reports. It] could ask you a question like, ‘What was the monthly payment on the car you owned 10 years ago?’

Tools 101

Tools Data Security Fraud 101

NCR

APRIL 23, 2018

The implementation of the EU’s Second Payment Services Directive, better known as PSD2, is now complete, with all countries within the bloc required to have enacted its provisions into their national law as of January 13th this year. But for the second, there will be many factors to consider when making a decision.

Fraud 72

Fraud Knowledge Base Guidelines Security 72

PYMNTS

OCTOBER 10, 2019

Knowledge-based authentication (KBA) tools, including passwords and security questions, tend to be the primary strategy for verifying identity, and this is true for areas of financial services beyond the consumer world.

Strategy 124

Strategy Lending Knowledge Base Tools 124

PYMNTS

MARCH 14, 2017

As banks and payments companies endeavor to meet anti-money laundering (AML) regulations to avoid hefty fines for non-compliance, easily identifying customers in the digital channel becomes paramount to their success. Some “old school” methods that worked in the past aren’t working anymore. In the U.S.

Meeting 111

Meeting Fraud Knowledge Base User Experience 111

PYMNTS

MARCH 17, 2017

A classic image of payment fraud involves a fraudster stealing credit card numbers and shopping for goods in-person or online. has largely worked to secure card payments, Dewey noted that voice fraudsters have found a way around it. While the roll-out of EMV in the U.S.

Fraud 107

Fraud Cards Houston Retail 107

NCR

DECEMBER 15, 2017

The UK-based banks TSB and Barclays have recently enabled mobile iris scanning and voice payments via Siri , for example. These might involve the use of one-time passcodes or knowledge-based authentication.

Fraud 96

Fraud Security Knowledge Base Analysis 96

FICO

JUNE 8, 2020

Fraudsters buy compromised data (credentials, ID documents, personally identifiable information or payment details). This can include credentials, such as usernames and passwords, identity documents, knowledge-based information and payment details. Generally, speed is their focus. Strategic Areas to Focus On.

Fraud 52

Fraud Training Data Knowledge Base 52

NCR

DECEMBER 20, 2017

The modern financial services industry encompasses an expanding array of channels through which consumers can log into their accounts, authorize transactions and make payments. ” So what is the future of authentication?

Security 77

Security Knowledge Base blockchain Analysis 77

Gonzobanker

MAY 7, 2018

As our cost of funds rise, loan growth rates plateau and margins in areas like payments and mortgage face continued stress, scaling to new levels of true operating efficiency will be a huge priority for bank executives. limited marginal operating expenses needed to do larger commercial and commercial real estate deals.

Leadership 87

Leadership Operations Lending Strategy 87

ZootBlog

NOVEMBER 11, 2015

They are not trying to fulfill all of their customers’ financial needs, rather providing an alternative to the traditional brick-and-mortar bank through features like mobile deposits and P2P payments. Neobanks are turning users into fans by being nimble, but their very existence often depends on partnering with traditional banks.

Innovation 60

Innovation Fintech social media Knowledge Base 60

PYMNTS

APRIL 14, 2016

To prepare themselves for the future, survey respondents recognize the value of developing a broader knowledge base along with better technical skills,” the report stated. Technology will prove paramount for CFOs everywhere to usher their corporations into success, according to American Express and CFO Research. “To

Regional 100

Regional Survey Report Marketing 100

PYMNTS

SEPTEMBER 19, 2016

The media has declared chatbots the digital version of the little black dress: a technology staple that every brand must now have and every payment type must now commerce-enable. Is it “a bot time” for peeps in payments to get on board and confront the reality that bots are today what apps were in 2007 and 2008?

Payments 100

Payments Mobile Apple Google 100

PYMNTS

SEPTEMBER 12, 2019

In only two days, banks, payment providers and merchants in the European Union will finally hit the controversial deadline for compliance with Strong Customer Authentication (SCA). In the latest PSD2 Tracker , PYMNTS looks at how merchants and payment providers are responding to SCA as the rule inches closer to its official Sept.

Regulation 126

Regulation Google Compliance Knowledge Base 126

PYMNTS

JANUARY 28, 2020

Issuers, merchants, payments service providers (PSPs) and other interested parties are closely watching developments in AML/KYC and counter terrorist financing (CTF) regulations, as governments worldwide clamp down strongly on identity scams. Widely used rules-based anti-fraud measures are also not the safe bet they were just a few years ago.

Compliance 151

Compliance cryptocurrency Fraud Regulation 151

William Mills

MAY 11, 2016

Credit cards offer rewards but over 60% of payments are made on debit cards. Demo: Sezzle app with knowledge based authentication to link bank accounts. They help you focus and prioritize Accounts Receivable, based on payment histories and risk. Then confirm identity with knowledge based authentication.

Video 40

Video Mobile social media Analytics 40

PYMNTS

NOVEMBER 15, 2017

In a recent discussion with PYMNTS’ Karen Webster, David Barnhardt, executive vice president of product at service payment and verification solutions provider GIACT , noted such preemptive and proactive mindsets are necessary where customers apply for accounts or transact digitally.

social media 100

social media Fraud Knowledge Base Data 100

PYMNTS

APRIL 11, 2017

The reason Yahoo was targeted, said Geiman, was because bad guys wanted to get the answer to knowledge-based questions. Payments remains an ecosystem that demands multiple systems in place to guard against fraud. The system has to evolve,” he said, “because the adversary keeps evolving.”.

Data 101

Data social media Fraud Online 101

Fintech Labs Insights

DECEMBER 5, 2016

Daon’s technology can be deployed to provide authentication for digital banking, for payment verification, and employee credentialing, as well as cloud authentication. Importantly, the technology is built to make it easier for individuals to protect themselves, delivering both security and convenience.

Security 12

Security Mobile Technology Virginia 12