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

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    Socure Alternative Payments Tracker Series

    Alternative Payments Tracker®
    Alternative Payments Tracker®
    Alternative Payments Tracker®
    Alternative Payments Tracker®
    Alternative Payments Tracker®