PYMNTS-MonitorEdge-May-2024

MFA

Deep Dive: How Dark Web Marketplaces Fuel Fraud And How Merchants Can Fight Back
Deep Dive: How Dark Web Marketplaces Fuel Fraud And How Merchants Can Fight Back
May 14, 2021  |  Fraud Prevention

Bad actors leverage a bewildering variety of schemes, including ATOs, credential stuffing and phishing, against merchants. What all of these attack vectors have in common...

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FIS On Tapping Delegated Authentication To Tackle SCA Requirements
FIS On Tapping Delegated Authentication To Tackle SCA Requirements
April 08, 2021  |  Authentication

The European Union’s Strong Customer Authentication (SCA) mandate aims to help the region’s businesses curtail fraud, but many merchants are finding that it can cost...

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Deep Dive: Fighting Back Against The Fraud Plaguing P2P Payment Apps
Deep Dive: Fighting Back Against The Fraud Plaguing P2P Payment Apps
October 20, 2020  |  Fraud Prevention

P2P payment apps — including third-party solutions like Venmo and CashApp as well as first-party banking apps — allow users to seamlessly pay each other...

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Deep Dive: Why Leveraging Biometrics Can Ease FIs’ $4B ATO Problem
Deep Dive: Why Leveraging Biometrics Can Ease FIs’ $4B ATO Problem
July 13, 2020  |  Fraud Prevention

Account takeovers (ATOs) are a growing source of pain for financial institutions (FIs) and their customers, with losses from these attacks rising 164 percent in...

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Deep Dive: Reducing The Security Risks Of Open Banking
Deep Dive: Reducing The Security Risks Of Open Banking
June 29, 2020  |  Fraud Prevention

Open banking is one of the most significant emerging trends in the financial industry, allowing banks and FinTechs to share financial data in a quick,...

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Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust
Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust
June 25, 2020  |  Fraud Prevention

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour...

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How Cadence Bank Is Melding Branch Personalization, Digital Speed For Swift Mobile Onboarding
How Cadence Bank Is Melding Branch Personalization, Digital Speed For Swift Mobile Onboarding
June 09, 2020  |  Digital Onboarding

Registrations on mobile banking apps rose 200 percent in April as the COVID-19 pandemic prompted consumers to turn to remote banking services. But simply enabling...

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Deep Dive: How FIs Can Upgrade Authentication Measures To Foil Fraudsters’ Open Banking Attacks
Deep Dive: How FIs Can Upgrade Authentication Measures To Foil Fraudsters’ Open Banking Attacks
June 08, 2020  |  AML

Open banking may soon become table stakes for financial institutions (FIs) — they need to act now and be able to offer it securely or...

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Deep Dive: Leveraging Authentication And Machine Learning To Secure B2B Payment APIs
Deep Dive: Leveraging Authentication And Machine Learning To Secure B2B Payment APIs
June 05, 2020  |  API

Application Programming Interfaces (APIs) are essential for B2B payments as they are able to process these transactions in a fraction of the time it would...

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