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Deep Dive: Why Video-Based KYC Is Key To Seamless, Cost-Effective FI Onboarding

PYMNTS

Know your customer (KYC) policies were introduced with the Patriot Act in 2001 following 9/11, intended to help stem the flow of funding to terrorists. Online account openings increased by as much as 15 percent when social distancing mandates were implemented. One study revealed that 73 percent of U.S.

Video 201
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Banks Turn To 3D Secure 2.0 To Fight Fraud

PYMNTS

Both solutions provide increased fraud protection to online transactions made via debit or credit cards. 3DS was initially introduced in 2001, and has continued to evolve over the past 17 years. Some critics note that increased customer convenience will likely lead to growth in the number of online transactions.

Fraud 165
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In Payments Security, Hunting For The Goldilocks Effect

PYMNTS

Amid all this embrace of mobile commerce, half of all chargebacks come from the online channel, and the cost for online retailers tied to fraud is 8.6 The 3D protocol’s evolution is one that began in 2001 and sought to establish that the person trying to transact really was the legitimate owner of a card. There will be 2.9

Security 108
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Could Regulation Prevent The Next Cyberattack?

PYMNTS

11, 2001, terrorist attacks. To guard against threats and online data breaches, which can have a highly disruptive impact on eCommerce, many cybersecurity experts urge internet users to use two-step authentication to protect their online accounts. A recent report found financial service companies lose an average of $16.53

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From Alibaba to Zynga: 21 Of The Best VC Bets Of All Time And What We Can Learn From Them

CB Insights

That was when he approached Capital Today, pitched his vision of a “full-service online retailer,” with a focus on logistics, and asked for $2M. Today, JD.com continues to grow and take a greater share of the B2C online shopping market in China. in market value was lost in the crash — NASDAQ lost half of its entire value in 2001 alone.

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