PYMNTS

MARCH 27, 2020

FIs also use knowledge-based authentication (KBA), which involves quizzing applicants on credit history details that only they would know. Credit reports contain a trove of knowledge that can be used for KBA, including average mortgage payments, car license plate numbers and salary information.

Fraud 208

Fraud Technology Knowledge Base Study 208

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

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. Awareness and Training. Generally, speed is their focus.

Fraud 52

Fraud Training Data Knowledge Base 52

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. The models that we train are specific to each customer,” he said.

Fraud 107

Fraud Cards Houston Retail 107

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