Single-layered security systems are no match against daily fraud threats that attempt to saturate automated defenses with multiple fake applications at once. In the latest "Monetizing Digital Intent Tracker," Ryan Prince, senior data scientist for Elevate, explains why behavioral analytics is a must-add to a...
While the pandemic accelerated the digital shift around the world, it also allowed fraudsters the opportunity to refine and build on their techniques. The Federal Trade Commission reported that in 2021, consumers lost $5.8 billion to fraudsters, but this number most likely is a lowball,...
Mastercard and Microsoft Corp. have launched a refreshed identity solution designed to improve online shopping and detect digital fraud, the companies announced Monday (April 25). Delivering a frictionless shopping experience is crucial as the eCommerce sector seeks to convert window shopping and price comparison visits...
Taking the notion of “industrial piercing” to another level entirely, payments innovators want to get under your skin — yes, literally — with a microchip that handles the bill with a gesture. No, not the gesture some of you are probably imagining at this moment. Giving new...
Bonifii and Entersekt announced Thursday (April 21) a new biometric security offering aimed at the credit union market. Using MemberPass Express, the announcement states, a credit union member will be able to authenticate his or her identity using biometrics when completing an eCommerce transaction, visiting...
Veriff, a global identity verification provider, is partnering with Alloy, an identity decisioning platform, to enhance Veriff’s know your customer (KYC) offerings, according to a Thursday (April 14) press release. The partnership will help banks and FinTechs fight fraud and remain compliant while also providing additional...
Digital financial services accounts have become a crucial part of the day-to-day banking infrastructure. The ability to view accounts anywhere, anytime is more than just nice to have — it is an absolute must for modern consumers. PYMNTS’ research has found that seven out of...
Early Warning Services LLC has teamed up with seven of America’s biggest banks to launch Authentify, an identity verification service for businesses and consumers. According to a company news release Monday (April 4), Authentify is being launched with Bank of America, Capital One, Chase, PNC...
The rise of digital-first financial processes has brought convenience and speed to the forefront of payments. But the wheels of progress have moved faster than security measures, making identity theft and related crimes a major issue. A recent report found that 80% of cybersecurity leaders...