Mastercard is expanding its European open banking capabilities with a new account owner verification tool. The company’s verification solution, announced Tuesday (June 6) in a news release provided to PYMNTS, is being rolled out in tandem with a partnership with Algoan, a French credit decisioning...
In a world where online commerce continues its inexorable rise, authentication and transaction processes have become more critical than ever. Delegated authentication has the potential to revolutionize the way we prove ourselves online. However, there are several challenges that need to be addressed before an...
The conventional misconception surrounding 3DS — short for three-domain secure — the security protocol that debuted more than 20 years ago, is that it’s a “conversion killer” for online merchants. In an interview with PYMNTS, Jeff Hallenbeck, head of financial partnerships at Forter, said the...
Identity verification firm Prove has teamed with Visa to speed up customer onboarding. The partnership, announced Wednesday (May 10), gives Visa clients access to Prove’s Pre-Fill identity verification solution, which lets customers opt into pre-filling registration forms. “Today’s consumers expect signing up for a new account to take just seconds —...
Until more advanced security goes mainstream, an already accepted method may fill the gap. Consumers are more security-savvy than ever, especially when it comes to fraud prevention in banking. They also have more choice in primary financial institutions (FIs) than ever, from traditional banks to full-on FinTechs...
B2B app platform Relish has added GIACT solutions to validate and authenticate bank information. With this partnership, Relish will enhance the supplier data onboarding and cleansing process, the B2B app development and platform company said in a Wednesday (April 12) press release. “Partnering with GIACT...
PayPal has begun rolling out passkeys for Google Android devices. The rollout has begun with Android mobile web users in the United States and will expand to more users over the next 12 months, PayPal said in a Thursday (March 23) press release. “Once a...
Everyone hates the outmoded authentication tool, but no one seems to be able to give it up. The technology is there, and often already in place. But businesses and consumers alike seem to be waiting for some mass adoption tipping point toward broad movement from...
As authentication technologies evolve and consumer awareness of security measures grows, retail banking customers demand more secure and user-friendly online identity verification. PYMNTS’ latest research found that 36% of banking customers want their financial institutions (FIs) to provide more visible security measures for high-risk financial...
