Passwords — and even one-time passcodes (OTPs) — render us vulnerable to fraudsters, which has always been so. The fraudsters are stepping up their attacks as we live more of our lives than ever online. Gerhard Oosthuizen, chief technology officer at Entersekt, and Mike Storiale, vice president,...
Plaid now enables consumers to verify their identity across all Plaid-powered apps and services. The open banking platform has modified its Identity Verification product so that previously verified users can sign up for additional digital finance apps without repeating the entire identity verification process, Plaid Head of Identity Alain...
Authentication is crucial to ensuring the inner workings of today’s digital world keep moving seamlessly. That’s because authentication hiccups can hamstring an organization, resulting in lost sales and costly customer churn. A core component of both cybersecurity and organically scalable software access, frictionless identity and...
Trulioo has debuted expanded versions of its know your customer (KYC) and know your business (KYB) identity verification tools. The updates include expanded geographic coverage, “localization and enhanced artificial intelligence” (AI) to help companies streamline their individual and business verification, according to a Tuesday (June 6) news...
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...
