PYMNTS
AUGUST 21, 2020
Jim Cunha, senior vice president, secure payments and fintech at the Federal Reserve Bank of Boston , told Karen Webster the joint efforts between the Fed and MIT are focused on exploring the infrastructure that would underpin a CBDC — and, at the same time, will probe various use cases. It’s not about going to production.”
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.
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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.
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.
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. Today, the company also provides its voice fraud solutions to leaders in insurance, government and retail. While the roll-out of EMV in the U.S.
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. The key to all that? It can tie together all this.”.
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.
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