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...
A multifaceted approach to digital identity can shore up eCommerce defenses against risk and fraudsters. And that multifaceted approach, Prove Chief Security Officer and Chief Information Officer Amanda Fennell told PYMNTS, depends on input and insight — and collaboration — between the private sector and...
Thus far into 2023, “passwordless” remains among the buzziest of buzzwords in identity authentication. Nicole Jass, chief product officer at Prove Identity, told PYMNTS that despite the burgeoning popularity of biometrics and other advanced authentication methods, passwords are still overwhelmingly — perhaps even surprisingly —...
Password managers were a good start in getting users to tighten their internet security, but ultimately, consumers’ behavioral habits may instead have set the stage for other solutions to thrive. Consumers had seemed to be coming around to the fraud-fighting benefits of password security solutions...
Accelitas has added Fiserv’s real-time data to its bank account validation (BAV) solutions. With this data from the global provider of payments and financial services technology solutions, Accelitas’ BAV solutions will help businesses grow while creating less friction for the customers, the companies said in...
Leveraging connected ecosystems is key for businesses looking to streamline authentication processes across channels. In the absence of these ecosystems that leverage partner strengths, Melanie Ockerse, director of channel partnerships Europe at Entersekt, said clients and partners would have to deal with multiple vendors, implementations and...
123Loadboard has added carrier identity verification to its freight matching platform. This new feature streamlines and accelerates digital freight booking by enabling brokers and shippers to immediately determine if a carrier is a verified, legitimate business partner, 123Loadboard said in a Tuesday (Jan. 31) press...
Most consumers would choose “anything” besides password-driven account authentication, but overwhelmingly still have to use them. Don’t blame them, though. Customers would if they could. The most recent PYMNTS/Entersekt collaboration, “Consumer Authentication Preferences for Online Banking and Transactions,” highlights the divide between how customers want...
PYMNTS’ latest research finds that despite a general satisfaction with existing security measures financial institutions (FIs) use, half of all adult consumers feel their banks must take additional steps to protect their assets and personal information — especially for non-routine transactions. Banks tend to meet...
