PYMNTS

FEBRUARY 19, 2020

In other small business banking news , rising Know Your Customer (KYC) and other risk mitigation regulations have pushed the ecosphere into a closer look at digital identity technology, a market that is expected to hit $12.8 billion in valuation by 2024.

Knowledge Base 130

Knowledge Base Tools Technology Compliance 130

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

PYMNTS

DECEMBER 26, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Here is the response from Sarah Clark, general manager, identity, Mitek … Payments 2016: The Year Mobile, Biometrics And Trust Converged.

Mobile 109

Mobile Payments eBook User Experience 109

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

SEPTEMBER 19, 2019

FIs are thus turning to a host of technologies to protect customers from account opening and other mobile channel fraud forms. This is where AI and ML technologies can come in handy. These technologies still have a few hurdles to overcome, though. FIs in certain markets, such as the European Union and U.K. ,

Fraud 144

Fraud Data Mobile Tools 144

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

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PYMNTS

OCTOBER 10, 2019

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

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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

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. But technology is helping to take the risk associated with the human element out of these financial interactions. “I

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PYMNTS

SEPTEMBER 6, 2018

The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. Compliance and risk? The top of any FinTech’s to-do — and to-keep-doing — list.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

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

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 Examples 151

PYMNTS

APRIL 4, 2019

And those relationships, she noted, are an excellent starting ground for succeeding with innovations “where other technology platform have recently failed.”. It might mean incorporating innovative payment experiences like Zelle directly into their mobile offerings.

Mobile 169

Mobile Study Security social media 169

NCR

DECEMBER 15, 2017

Biometric technologies hold huge potential for the retail banking industry. Like any emerging technology, this form of user authentication will attract the attention of criminals looking for ways to subvert it. In recent years, the banking industry has witnessed a particularly notable increase in adoption of these technologies.

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Fraud Security Knowledge Base Analysis 96

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.

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Fraud Knowledge Base Guidelines Security 72

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?’

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Tools Data Security Fraud 101

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. at Georgia Tech.

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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. As the Javelin research suggested, one technology that holds a lot of potential is biometric authentication. ” So what is the future of authentication?

Security 77

Security Knowledge Base blockchain Analysis 77

ZootBlog

NOVEMBER 11, 2015

Banks need to decide if they can be nimble enough to compete on their own or if they should develop technology partnerships. There are now more than 8,000 financial technology companies in the United States with the potential to shake up traditional financial institutions. Fintech Houses. Alternative Lenders.

Innovation 60

Innovation Fintech social media Knowledge Base 60

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 84

Leadership Operations Lending Strategy 84

PYMNTS

APRIL 14, 2016

Technology will prove paramount for CFOs everywhere to usher their corporations into success, according to American Express and CFO Research. “To 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.

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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?

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Payments Mobile Apple Google 100

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. Helping banks with customer retention by transforming data into knowledge about their customer’s engagement and key events on their journey. Plus the 1% rewards. ^KT.

Video 40

Video Mobile social media Analytics 40

PYMNTS

NOVEMBER 15, 2017

Put another way, and to paraphrase a hockey great: When it comes to identity verification and the technology that comes with it, FIs need to skate where the technology is headed, not where it has been. You are in the technology business, and you, more than anybody else, should understand that evolution is constant,” Barnhardt said.

social media 100

social media Fraud Knowledge Base Data 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

APRIL 11, 2017

The reason Yahoo was targeted, said Geiman, was because bad guys wanted to get the answer to knowledge-based questions. If you are not a technology person and you are running a large company,” he said, “it is an unknown thing to you. Payments remains an ecosystem that demands multiple systems in place to guard against fraud.

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Data social media Fraud Online 101

Fintech Labs Insights

DECEMBER 5, 2016

.” With clients including USAA and Mastercard , Daon provides both enterprise and public sector customers with biometric authentication technologies including face, voice, and fingerprint recognition. 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