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,...
Plaid now enables consumers to verify their identity across all Plaid-powered apps and services. The open banking platform has modified its Identity Verification product so that previously verified users can sign up for additional digital finance apps without repeating the entire identity verification process, Plaid Head of Identity Alain...
Authentication is crucial to ensuring the inner workings of today’s digital world keep moving seamlessly. That’s because authentication hiccups can hamstring an organization, resulting in lost sales and costly customer churn. A core component of both cybersecurity and organically scalable software access, frictionless identity and...
Trulioo has debuted expanded versions of its know your customer (KYC) and know your business (KYB) identity verification tools. The updates include expanded geographic coverage, “localization and enhanced artificial intelligence” (AI) to help companies streamline their individual and business verification, according to a Tuesday (June 6) news...
