Google has made passkeys the default option for personal Google accounts, beginning Tuesday (Oct. 10). When users sign into their account, they will see prompts to create and use passkeys, as well as seeing the “Skip password when possible” option toggled on in their account settings, Google...
Data science company Enigma has debuted its know your business (KYB) platform. The new product, announced Tuesday (Oct. 3), is designed to allow users to conduct KYB checks to onboard new business customers with minimal friction. “Our customers’ top KYB priorities are meeting compliance and regulatory requirements,...
J.P. Morgan has been chosen by the United States Treasury Department to provide account validation services for federal government agencies. This selection comes after a competitive process and will last for at least five years, the global provider of banking and securities services said in a Wednesday (Sept....
Greg Esser, director of strategic partnerships in the U.S. at Entersekt, said one-time passcodes (OTPs) are due for a reckoning. For now, OTPs are still a valid way for consumers to authenticate themselves and the transactions they wish to complete. But OTPs, he told PYMNTS...
Given the proliferation of various apps, many consumers in the United States are eager for a more convenient way to manage their banking and shopping needs all within a single platform. In fact, a joint PYMNTS-PayPal study shows that nearly 100 million individuals in the...
Consumers may be stuck using the outmoded authentication system, but most prefer more sophisticated methods. Traditional use of passwords currently remains the most prevalent method for digital activities, despite recent advances in online data authentication. The PYMNTS collaboration with Entersekt, “Visible and Invisible Security: Perceptions...
When it comes to authentication, consumers increasingly trust and prefer the biometrics afforded by smartphones to protect their identities. But although they love this seamlessness, consumers also want to see security measures at work. “Consumer Authentication Preferences for Online Banking and Transactions,” a PYMNTS and...
Experian has expanded its real-time income and employment verification offering. The enhancement enables consumers to provide permissioned access to their payroll accounts and share information directly from their employers’ payroll service, the global information services company said in a Wednesday (July 19) press release. “With...
Passwords — and even one-time passcodes (OTPs) — render us vulnerable to fraudsters, which has always been so. The fraudsters are stepping up their attacks as we live more of our lives than ever online. Gerhard Oosthuizen, chief technology officer at Entersekt, and Mike Storiale, vice president,...