As banking fraud unfolds, financial institutions (FIs) are challenged to protect customer data and provide pleasant customer experiences. The rise in credential theft has sparked interest in solutions like tap-to-authenticate metal payment cards, which are embedded with chips and let users authenticate by tapping the...
A bank account represents a direct connection to a business or consumer’s daily financial life. It holds all manner of data points that give lenders and payment service providers the information they need to improve their decision making, ward off would-be fraudsters and inform credit...
Entrust has added artificial intelligence (AI)-powered verification to its identity-as-a-service (IDaaS) platform. The new offering, announced Tuesday (Jan. 21), is being introduced to respond to increasingly advanced forms of identity fraud. “In response to these threats, Entrust IDaaS now includes AI-driven biometrics, phishing-resistant passwordless multifactor...
Financial institutions (FIs) can be thought of as the gatekeepers in online commerce. In today’s environment of rising fraud, criminals are using advanced technologies to impersonate legitimate consumers. Yet, FIs continue to rely on rules-based systems to authenticate account holders, using old-school static information (passwords...
TikTok’s existential crisis is seemingly over — the platform went dark for only a matter of hours this past weekend. And so, the millions of creators and viewers around the world have resumed their love affair with the social media platform. While the ultimate fate...
There’s still a place for the card — the tangible, physical card — in consumers’ wallets. In fact, Adam Lowe, Ph.D., chief product and innovation officer at CompoSecure/Arculus, told PYMNTS that metal cards hold allure for premium customers and can be a first line of defense against...
J.P. Morgan Payments has teamed up with predictive bank account/payment intelligence company ValidiFI. The collaboration, announced Monday (Oct. 28), is designed to give businesses greater security and confidence in validating bank accounts and conducting transactions. “For organizations conducting digital transactions on the ACH network, having...
You can’t get to what’s next in payments without getting to what’s next in identity. That’s according to Mary Ann Miller, vice president of client experience at Prove Identity, who told PYMNTS for the series “What’s Next in Payments: Embedded Everything: Priority One for Financial...
Mastercard has a new way for issuers to confirm cardholders’ identifying information. Dennis Gamiello, the company’s executive vice president for identity products and innovation, wrote in a blog post on Monday (Oct. 14) that it’s all thanks to a combination of new industry standards and Mastercard’s...