As we approach 2021, the global pandemic brings a laser-focus to both risk and user experience. Digital transformation and demand for flexible, secure access drives our need for machine-scale, frictionless authentication and continuous authorization to prove digital identities match the humans behind them. Dr. Shook...
Validating identity across every digital channel is essential to track money movement information and help control P2P payment fraud, two fraud-fighting experts say.
Digital identity will be a dominant technology trend over the next decade, within the financial services industry, and more broadly in our digital economies. But banks can't take their prime position in digital identity for granted. Even in countries where banks have already driven the digital identity agenda,...
Ramping up authentication as e-commerce continues to grow requires achieving a delicate balance of a frictionless, yet secure, consumer experience, says Robert Capps of NuData Security, a unit of Mastercard.
Since the publication of the PSD2 directive, biometrics has played a key role to help financial services organizations carry out transactions with the highest level of security and a frictionless customer experience.
Biometrics allows compliance with this regulation while leaving behind other authentication methods...
Since the publication of the PSD2 directive, biometrics has played a key role to help financial services organizations carry out transactions with the highest level of security and a frictionless customer experience.
Biometrics allows compliance with this regulation while leaving behind other authentication methods...
Because banks, fintech firms, merchants and payments processors in the EU have struggled to meet the Sept. 14 deadline for compliance with the new PSD2 "strong customer authentication" requirements for electronic payments, it may take a while for European consumers to notice authentication changes.
Most of India's e-wallet companies are taking an inadequate, single-factor approach to user authentication, relying only on one-time passwords delivered via SMS, some security experts say.
Fraud incidents and losses have remained steady or increased in the past year, according to ISMG's latest Faces of Fraud Survey. And the biggest fault of banking institutions' current anti-fraud controls: They rely too much on manual processes.
Manual processes can hinder banks' ability to pivot quickly and offset,...
The National Payment Corporation of India, the umbrella organization for all retail payments systems, has asked banks to discontinue Aadhaar-based payments through Unified Payments Interface and Immediate Payment System channels.
The new India Post Payments Bank will take banking to the doorstep by using India's mammoth network of post offices. Postmen will perform digital transactions on their phones. That's raising concern among security leaders, who recommend adopting defense-in-depth security.
This white paper looks at how payment innovation is impacting fraud departments and the growing importance of removing friction to improve the customer experience. The mobile and online channels are the future; being able to authenticate returning customers and determine who new applicants really are will be essential...
The pressure to meet compliance, and maintain and grow your customer base is intensified as the creativity of fintech offerings and customer expectations continue to rise. To effectively differentiate your offerings, your ability to deliver innovative, omni-channel services will be critical.
The digital shift is increasing the need for more sophisticated privacy and data protection measures. Several major institutions have seen their information security compromised in recent years as cyberattacks and fraudulent activity show no sign of slowing down. With PSD2 regulations now in effect, companies are in...
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