Socure - Alternative Payments - March 2022 - Discover how FIs and Fintechs use robust identity authentication to meet emerging cybersecurity challenges

BNPL and Other Alt Payments Need Stronger Authentication

Alternative Payments Tracker®

BNPL options are becoming increasingly attractive to consumers, but that growing popularity is also making them a more enticing target for fraud. In the “Alternative Payments Tracker®,” a PYMNTS and Socure collaboration, online phone accessory retailer CASETiFY’s Mike Jia explains why better authentication measures are necessary to secure these payments.

Inside the March Tracker

  • An interview with Mike Jia, growth director for eCommerce platform CASETiFY, regarding why identity authentication is key to alternative payments’ continued adoption
  • The latest alternative payment developments, including why there was a 66% rise in BNPL focused fraud year-over-year and why only 24% of consumers are aware FinTech apps could share their data with third parties
  • PYMNTS Intelligence surrounding how implementing robust identity authentication can help FinTechs meet emerging cybersecurity challenges

    By completing this form, you agree to receive marketing communications from PYMNTS and consent to the sharing of your information with our sponsors, where applicable, in accordance with our Privacy Policy and Terms and Conditions. Sponsors may use this information to contact you directly. You may update your preferences or withdraw your consent at any time.

    to our daily newsletter, PYMNTS Today.

    Alternative Payments