FICO

JULY 22, 2019

For many customers, biometric authentication is not practical — both because of limited consumer adoption but also because availability through 3D Secure is not wide. The routes to authentication will be different for every PSP and change will continue for the foreseeable future as consumers adapt to new methods and regulation evolves.

Knowledge Base 40

Knowledge Base Conference Analysis Security 40

PYMNTS

SEPTEMBER 6, 2018

There also is what is being billed as a “plugin knowledge base” that offers implementation and reference guides, along with videos. they can take place with tokens classified as securities. The store is self-serve, which means that customers can select a plugin, try a demo, pay with a credit card, and be off and running.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

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

Strategy Lending Knowledge Base Tools 124

PYMNTS

OCTOBER 7, 2019

Identity security is key when it comes to protecting financial information, and it can be devastating if sensitive documents from credit checks fall into the wrong hands, making authentication critical. government has strict standards regarding credit check regulations, and Nav’s investor and partner Experian sets its own expectations.

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

DECEMBER 26, 2016

and also meet the growing ID verification requirements under ant-money laundering (AML) regulations. As a result, authentication and identity verification practices that rely on data only, such as passwords and knowledge-based authentication questions, have been scrutinized and are largely seen as no longer sufficient.

Mobile 109

Mobile Payments eBook User Experience 109

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

MAY 15, 2018

The Pros and Cons of Standard Security Choices. For instance, knowledge-based authentication is well-understood by users – but the answers to security questions can be socially engineered without too much trouble just by visiting victims’ social profiles. Then there’s two-factor authentication.

Fraud 129

Fraud Training Security Compliance 129

PYMNTS

JANUARY 28, 2020

10, with new regulations for cryptocurrencies, wallets and exchanges. 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. Know Your Criminals.

Compliance 151

Compliance cryptocurrency Fraud Regulation 151

PYMNTS

SEPTEMBER 12, 2019

Regulators within the EU are looking to give merchants a bit more time when it comes to SCA, despite the deadline being immovable. The regulator is thus looking for ways that it can grant merchants more flexibility when it comes to SCA requirements. For more on PSD2 and GDPR, visit the Tracker’s News and Trends. About the Tracker.

Regulation 126

Regulation Google Compliance Knowledge Base 126

Fintech Labs Insights

SEPTEMBER 29, 2016

Here’s what CEO Stuut had to say about his company, its current initiatives, and what we can expect from the Palo Alto-based security specialist in the months and years to come. Finovate: Where will ID scanning and technologies like FaceMatch make the biggest impact in terms of replacing passwords and security codes?

Security 12

Security Mobile Industry Knowledge Base 12

Abrigo

MAY 8, 2024

Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. Another reason for reluctance about generative AI is the highly regulated nature of banking. See President Biden’s Executive Order on the safe, secure, and trustworthy development and use of artificial intelligence.

Examples 221

Examples Fraud Resources Risk Management 221

PYMNTS

MAY 31, 2018

The European Union’s General Data Protection Regulation (GDPR) went into effect on May 25, and with that, everyone has been worrying about the collection, usage and storage of personal data. A multi-channel, multi-factor process can provide definitive security advantages, Kilb said, even without any stored consumer data.

ATM 109

ATM Data Security Regulation 109

PYMNTS

APRIL 11, 2017

The reason Yahoo was targeted, said Geiman, was because bad guys wanted to get the answer to knowledge-based questions. Thus, security of data becomes top of mind within a firm. “If There is also suspicion of just how secure some data might be, such as someone’s mother’s maiden name. It is a scary thing to you.”.

Data 101

Data social media Fraud Online 101