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 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

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. The system has never fallen victim to fraud, despite several attempts by bad actors, according to Hanson. For now, KBA is here to stay.

Tools 101

Tools Data Security Fraud 101

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

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. KBA methods may ask users to answer complicated, difficult-to-remember questions.

Strategy 124

Strategy Lending Knowledge Base Tools 124

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

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. Cybercriminals are predictable in the sense that they also move toward the weakest or most vulnerable links in a system.

Meeting 111

Meeting Fraud Knowledge Base User Experience 111

NCR

DECEMBER 15, 2017

The UK-based banks TSB and Barclays have recently enabled mobile iris scanning and voice payments via Siri , for example. As exciting and beneficial as these innovations might be, it’s the job of the FI to think about the potential flaws and weak points in biometric systems that could be exploited by fraudsters.

Fraud 96

Fraud Security Knowledge Base Analysis 96

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? He pointed out that an increasing number of FIs are taking a layered, multifactor approach.

Security 77

Security Knowledge Base blockchain Analysis 77

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

FICO

JUNE 8, 2020

Fraudsters buy compromised data (credentials, ID documents, personally identifiable information or payment details). Sometimes, fraudsters don’t have all of the pieces of the puzzle together, so they often further manipulate your employees, systems and customers in order to get the full suite of assets they need to commit a fraud.

Fraud 52

Fraud Training Data Knowledge Base 52

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

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

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. In addition, passwords are too cumbersome, easily forgotten, and represent a decades-old system of authentication.

Security 12

Security Mobile Technology Virginia 12