PYMNTS

APRIL 22, 2020

New account fraud is a significant problem for FIs, with 48 percent of values generated from fraud attempts coming from accounts that have only been open for one day, according to a recent report. FIs have been interested in biometrics ever since fingerprint-based login became a common functionality on smartphones and other devices.

Security 133

Security Data Fraud Tools 133

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. Fraud & Identity: By far, the largest number of vendors and conversations were over fraud and identity. Maybe a topic for next year?

Conference 221

Conference Las Vegas Fraud Data 221

PYMNTS

SEPTEMBER 22, 2017

PYMNTS: How would you define your company’s approach to innovation? SS: Our approach to innovation is two-pronged. The third tier of technical innovation involves people — not just APIs. The second and overlooked area of innovation is in the area of user experience. PYMNTS: Where do you look for innovative ideas, and why?

Innovation 140

Innovation Knowledge Base Online Mobile 140

NCR

DECEMBER 15, 2017

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. These might involve the use of one-time passcodes or knowledge-based authentication. What are the risks?

Fraud 96

Fraud Security Knowledge Base Analysis 96

PYMNTS

SEPTEMBER 12, 2019

In this month’s Feature Story, Rodgers discusses why SCA is a necessary step forward for online authentication and payment innovation, despi te its challenges. To learn more about how merchants are responding to SCA, visit the Tracker’s Feature Story. Deep Dive: Biometric Authentication in a Post-SCA World.

Regulation 126

Regulation Google Compliance Knowledge Base 126

PYMNTS

APRIL 11, 2017

In an age where credentials are lifted and bartered and sold like the currencies hackers target themselves, the concept of anti-fraud efforts revolves around a simple idea: to make sure that the person being done business with is who they say they are in the first place.

Data 101

Data Online social media Fraud 101

PYMNTS

NOVEMBER 1, 2017

Sass says weak security challenges like passwords and knowledge-based questions (i.e. The innovation that 3DS 1.0 The original 3DS drove down fraud instances while simultaneously optimizing the user experience by only challenging the transaction when absolutely necessary, Rendell said. Take passwords, for instance.

Security 109

Security Payments CA Data 109

PYMNTS

DECEMBER 26, 2016

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. Close to 75 percent of companies surveyed are planning to move away from relying on passwords for this very reason.

Mobile 109

Mobile Payments eBook User Experience 109

Gonzobanker

MAY 7, 2018

Most banks have horrible business, mortgage servicing and wealth management self-service capabilities, and the amount of online lending and deposit account opening is sad compared to more innovative players like USAA and Capital One 360. Force the discipline of a KPI culture.

Leadership 83

Leadership Operations Lending Strategy 83

NCR

DECEMBER 20, 2017

Among those organizations that use two-factor authentication, the most common secondary checks are knowledge-based – such as static questions – as opposed to possession-based systems such as security keys or on-device biometrics. ” So what is the future of authentication?

Security 77

Security Knowledge Base blockchain Analysis 77

FICO

OCTOBER 26, 2021

On the other side, you have FinTechs – they are much smaller and less regulated, but they have the digital savvy to steal customers and they’re taking advantage of market gaps in innovative ways. Don’t shy away from competing while staying true to your core values. Credit unions need as much insight into their members as possible.

Analytics 52

Analytics Community Branding Data 52

William Mills

MAY 11, 2016

Demo: Sezzle app with knowledge based authentication to link bank accounts. Katerina Frolovicheva (MD, Technologies Innovations). This is a leading bank in Russia, with a track record of fintech innovation. David Carr (Innovation Manager). Then confirm identity with knowledge based authentication.

Mobile 41

Mobile Video social media Data 41

Fintech Labs Insights

DECEMBER 5, 2016

“Last year, a Javelin report said that there was $9 billion lost due to card fraud. The platform is designed to allow companies to “innovate as you authenticate your customers” as well as add the latest authentication technologies available. That’s a problem,” White said.

Security 12

Security Mobile Technology America 12

Abrigo

MAY 8, 2024

You might also like this webinar, "The check's in the mail: Understanding and preventing check fraud." Many financial institutions have been using artificial intelligence (AI) for years, particularly in supporting cybersecurity and anti-fraud efforts. How banks and credit unions use genAI today Short supporting copy.

Examples 221

Examples Fraud Resources Risk Management 221

Gonzobanker

DECEMBER 19, 2024

Fraud issues were highlighted by sophisticated breach and ransomware attacks. At the same time, CEO Tim Spence is pursuing innovative fintech strategies, with a BaaS play via Newline, its embedded payments provider and API platform, and the continued focus on the Provide division, a healthcare fintech acquired in 2021.

Fraud 88

Fraud Fintech Marketing Industry 88