PYMNTS

MARCH 18, 2019

Authenticating.com is working to combat identity fraud by combining different solutions to securely automate and outsource identity verification and fraud prevention as a service. billion in losses due to cybercrime, with various forms of identity fraud topping the list.

Fraud 108

Fraud Knowledge Base Regulation Data 108

PYMNTS

JUNE 16, 2019

“However, data stolen in recent breaches such as the 2017 Equifax breach could be used fraudulently to respond to knowledge-based verification questions,” GAO wrote. But GAO added that two of the six agencies that the watchdog reviewed have eliminated knowledge-based verification.

Knowledge Base 108

Knowledge Base Online United States Fraud 108

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. Founded in 2011, Pindrop’s security solution was built to protect banks and other financial institutions from call center and voice fraud. While the roll-out of EMV in the U.S. at Georgia Tech.

Fraud 107

Fraud Cards Houston Retail 107

PYMNTS

SEPTEMBER 4, 2019

Artificial intelligence (AI) remains one of the most interesting technologies to call centers that are looking to better support and engage customers across their many channels. Call center technology providers are relying on AI-enabled tools to make sure call centers can match changing customer preferences.

Security 152

Security social media Tools Knowledge Base 152

PYMNTS

JUNE 11, 2020

This is fueling a wave of interest and need for digital alternatives, many of which leverage biometric technology. The technology itself is not new — many consumers already use biometric authentication in their daily lives, with 80 percent of consumers using their fingerprints to unlock their smartphones, for example. Pennsylvania Gov.

Compliance 186

Compliance Guidelines Meeting Tools 186

PYMNTS

AUGUST 22, 2018

Fiserv, the global provider of financial services technology solutions, announced on Wednesday (Aug. 22) that it has rolled out two enhanced consumer authentication solutions, step-up authentication and identity verification, to mitigate card fraud within call centers. According to Fiserv, fraud reached a three-year high of $16.8

Fraud 101

Fraud social media Knowledge Base Cards 101

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.

Conference 221

Conference Las Vegas Fraud Data 221

PYMNTS

APRIL 22, 2020

Banks are jostling for space in the market because an expanding number of FinTechs and large-scale technology companies are competing for the same set of consumers. FIs that are reliant on data caches that are just a year old are at a distinct disadvantage, not only for fraud protection, but also for successful onboarding.

Security 133

Security Data Fraud Tools 133

PYMNTS

SEPTEMBER 5, 2019

One of the biggest changes is that call centers are moving away from knowledge-based authentication (KBA) methods like passwords and PINs and employing methods with multi-factor authentication (MFA). Call centers are experimenting with hybrid methods to combat ATO attacks and other types of fraud. Voice Authentication.

Tools 149

Tools Knowledge Base Google Technology 149

NCR

APRIL 23, 2018

However, this does not mean the work is done, as there are still additional stages related to PSD2 that are still to be implemented later this year – specifically those related to customer authentication and fraud prevention. Reducing fraud in an open banking environment. Technical standards set to come into force.

Fraud 72

Fraud Knowledge Base Guidelines Security 72

PYMNTS

JULY 10, 2019

Despite the pervasiveness of digital identity in everyday life, concerns surrounding digital ID security continue to make headlines, with billions of dollars lost to fraud. Developments From Around the Digital Identity World. Apple announced its own digital ID program, Sign In with Apple, at its recent Worldwide Developers Conference.

Apple 158

Apple social media Knowledge Base Mobile 158

PYMNTS

OCTOBER 19, 2018

There hasn’t been a surge in the amount of fraud specifically targeting financial services firms, but the overall fraud rate is climbing, particularly as consumers embrace mobile banking applications and digital banking channels. “We Banks seem to be following that advice and have ramped up fraud prevention efforts in recent years.

Fraud 100

Fraud System Knowledge Base Tools 100

PYMNTS

MARCH 14, 2017

Sarah Clark, GM of identity at Mitek , joined Karen Webster to discuss what process and technology can do to help meet AML requirements to truly authenticate who people are. Though money laundering is a dangerous and enormous aspect of fraud, it’s often overshadowed by high-profile data breaches and other cybercrime activities.

Meeting 111

Meeting Fraud Knowledge Base User Experience 111

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

MAY 15, 2018

Like the dog in the cartoon, fraudsters use the same technologies as regular people when moving about in the virtual sphere. Beyond the static password, there are a few methods that organizations have been implementing in recent years to try to stay ahead of the fraud problem. A Portrait of IDV Nirvana.

Fraud 129

Fraud Training Security Data 129

PYMNTS

FEBRUARY 12, 2019

According to Pointner, that would be facial recognition technology. As PYMNTS readers probably know better than others, those easily exploited sources of knowledge-based consumer authentication data continue to endure, even as criminals steal and trade massive amounts of that information on the digital black market.

St. Louis 144

St. Louis User Experience Mississippi Knowledge Base 144

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.

Fraud 96

Fraud Security Knowledge Base Analysis 96

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 5, 2019

Fraud protection has never been taken lightly by call centers, but the need for stricter authentication is reaching new levels in the face of automated bot attacks and near-daily account takeover (ATO) attempts. Fraud is an ever-evolving space, [so] it’s important, with multifactor authentication, to look at it holistically,” she said.

social media 116

social media Tools Fraud Knowledge Base 116

The Paypers

APRIL 25, 2022

Pindrop , a provider of voice technology, has released its annual Voice Intelligence & Security Report uncovering how companies might be accidentally inviting fraud, threat mongers from the dark web, and bad actors better prepared to pass authentication.

Knowledge Base 31

Knowledge Base Fraud Security Technology 31

PYMNTS

JANUARY 24, 2018

Despite major advancements in technology, however, the notarization process continues to be slow and outdated. In a recent interview with PYMNTS, Mayer explained that many in the industry are interested in seeing the technology take off, but there are legal and other challenges that can get in the way.

Knowledge Base 121

Knowledge Base Security Virginia Technology 121

PYMNTS

MARCH 28, 2017

While it may still seem like something that was once reserved for science fiction, today consumers are increasingly interacting with biometric technology without giving it a second thought. . Meanwhile, iris-based identity management technology solution providers IriTech, Inc.,

Report 100

Report Knowledge Base Security Technology 100

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

Independent Banker

DECEMBER 31, 2022

The use of digital technology and artificial intelligence has changed the workplace dramatically in recent decades, but the pandemic accelerated this shift by forcing remote working and driving online commerce. We’ve seen an amazing uptick in fraud,” she adds. “So, By Roshan McArthur.

Training 98

Training Community Bank Community Knowledge Base 98

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. Thus, security of data becomes top of mind within a firm. “If

Data 101

Data Online social media Fraud 101

PYMNTS

SEPTEMBER 22, 2017

A large number of banks and online sites still rely on knowledge-based authentication. The template-matching algorithms embedded in the Face Match technology automatically, [and] repositions the photo ID within the template frame by making necessary modifications in photo size or position. You know the ones.

Innovation 140

Innovation Knowledge Base Online Mobile 140

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. The system has never fallen victim to fraud, despite several attempts by bad actors, according to Hanson.

Tools 101

Tools Data Security Fraud 101

PYMNTS

NOVEMBER 1, 2017

In a recent digital discussion with Karen Webster, Michael Sass, VP Market Product Management, Security Solutions, Europe, Mastercard , and James Rendell, VP Product Management, Payment Security, CA Technologies , discussed the advantages as well as the obstacles that are still in the way. Second, biometrics reduces fraud risk dramatically.

Security 109

Security Payments CA Data 109

PYMNTS

SEPTEMBER 12, 2019

Merchants may have many remaining questions regarding SCA, but there is clarity on one issue: A single method of knowledge-based identity verification is no longer enough to qualify as security under SCA. Deep Dive: Biometric Authentication in a Post-SCA World.

Regulation 126

Regulation Google Compliance Knowledge Base 126

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

PYMNTS

AUGUST 21, 2018

How, then, to build a “chain of trust” — one that endures, aided by technology, and one that helps financial institutions (FIs) ensure that the people on the end of the transactions are who they claim to be? They trust that the institution has done their homework and is applying state-of-the-art security,” he told Webster.

Data 105

Data Knowledge Base Security Cards 105

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

Gonzobanker

MAY 7, 2018

As banking becomes a more commoditized business where knowledge is the only true differentiator, high performing institutions will likely have fewer well-paid employees who leverage the heck out of technology, analytics and process automation. Force the discipline of a KPI culture.

Leadership 83

Leadership Operations Lending Strategy 83

NCR

APRIL 15, 2016

The technology is a win-win – for the financial industry, it offers enhanced security; for consumers, it delivers greater convenience. Organizations can adjust the technology to their desired levels of each (security and convenience), which are in an inverse relationship along a sliding scale.

Security 40

Security Knowledge Base FDIC Mobile 40

FICO

JULY 15, 2020

Customer centricity refers to the reengineering of people, processes, and technology, encircling the customer at the center. By building a 360 º view around their customers, companies are able to develop a very detailed knowledge base around each customer that reveals all sort of unprecedented insights about their future behaviors and needs.

How To 52

How To Study Analytics Knowledge Base 52

FICO

OCTOBER 26, 2021

Traditional banks are investing heavily in technology to focus on customer relationships. Focus on your market distinction and using technology, data and analytics to create tailored experiences. You should be investing in technology that leverages this data and helps you make smarter, faster, more profitable decisions.

Analytics 52

Analytics Community Branding Data 52

William Mills

MAY 11, 2016

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. From Website: brandCrowder is a mobile, web-based “equity” crowdfunding platform. Plus the 1% rewards. ^KT.

Mobile 41

Mobile Video social media Data 41