Here’s a data point: Clunky onboarding practices cause 63 percent of digital banking applicants from completing sign-up. In the Authenticated Payments Report, Fremont Bank’s Vivian Yeung explains the role of proactively analyzing customer drop-off points to streamline onboarding.
With studies estimating that 6 billion consumers will be making transactions electronically by 2023, it is safe to say that digital is becoming the new default when it comes to payments. Many of these consumers began using digital payments for the first time over the...
In the vicinity of 40 billion records were filched from social platforms last year, showing a vast downside to current online growth. It explains why PYMNTS researchers found that 43 percent of businesses intend to invest in digital authentication solutions, and almost 80 percent say...
Hanseatic Bank, the German private bank, has unified its authentication workflows with a cloud-based identity and access management (IAM) offering from Netcetera, according to a Tuesday (June 15) announcement emailed to PYMNTS. The bank will harness the same authentication processes for credit card payments on...
We’re learning all about the digital-first consumers of 2021, especially their desire for real-time authentication control in mobile banking apps. The secret’s out — and, as is seen in the third installment of the Mobile Banking App Playbook series, a PYMNTS and Entersekt collaboration, consumers...
The eCommerce payments company Stripe has announced the launch of Stripe Identity, a tool that lets online businesses securely verify user identities. “As more economic activity happens online, the need for internet businesses to establish and maintain high levels of trust increases commensurately,” the company...
The revised Payments Services Directive (PSD2) is getting shifted out by six months in the U.K., while the rest of Europe has been grappling with the challenges of making online purchases more secure. Entersekt Country Manager for the U.K. and Ireland Frans Labuschagne told PYMNTS...
The first biometrics authentication solution for online transactions in the United Arab Emirates (UAE) is being introduced by Abu Dhabi Islamic Bank (ADIB) in collaboration with Visa, according to a Tuesday (June 8) press release. This new security solution taps the Visa Consumer Authentication Service...
Fraud prevention is a constant battle for banks, retailers and other businesses. Bad actors are ceaselessly unleashing new schemes that legacy prevention systems struggle to spot, let alone prevent, and this forces many companies to invest in frequent technology upgrades or risk being easy prey for fraudsters. A recent study found that...
