authentication

Authentication is the act of proving an assertion, such as the identity of a computer system user. In contrast with identification, the act of indicating a person or thing's identity, authentication is the process of verifying that identity.

Source: en.wikipedia.org

Study Finds Half of Retailers Turned Away New Business Customers Over KYB
Study Finds Half of Retailers Turned Away New Business Customers Over KYB
July 20, 2022  |  Fraud Prevention

Proving and authenticating an organization’s digital identity is one of the biggest struggles for companies mitigating business-to-business (B2B) payments fraud. PYMNTS’ data finds that nearly...

READ MORE >
Should Banks Be Liable for Unauthorized Push Payments Fraud?
Should Banks Be Liable for Unauthorized Push Payments Fraud?
July 12, 2022  |  Security & Fraud

“Caveat emptor,” goes the old saying — buyer beware. And now, in the digital age, as peer-to-peer (P2P) transactions between bank accounts gain ground and...

READ MORE >
5 Ways to Assess How Vulnerable You Are to B2B Payments Fraud
5 Ways to Assess How Vulnerable You Are to B2B Payments Fraud
July 08, 2022  |  B2B Payments

Organizations face numerous threats concerning B2B payments processing as bad actors look for ways to alter banking information and redirect B2B payments into the wrong...

READ MORE >
Grasshopper on the Importance of Offering Secure, Frictionless Money Mobility
Grasshopper on the Importance of Offering Secure, Frictionless Money Mobility
July 07, 2022  |  Disbursements

In the new "Money Mobility Tracker" report, Christopher Mastrangelo of digital bank Grasshopper explains how biometrics and other cutting-edge tools have seen FIs take a...

READ MORE >
PYMNTS Intelligence: Combining Pre-Submit and Post-Submit Data to Stop Digital Fraud
PYMNTS Intelligence: Combining Pre-Submit and Post-Submit Data to Stop Digital Fraud
July 04, 2022  |  Authentication

Identity fraud is a growing problem in the United States. Losses due to identity fraud were up 79% year over year in 2021 to a...

READ MORE >
How Wave Financial Leverages Pre- and Post- Submit Analytics to Prevent Fraud
How Wave Financial Leverages Pre- and Post- Submit Analytics to Prevent Fraud
July 01, 2022  |  Authentication

In this month’s "Monetizing Digital Intent Tracker," Angie Dobbs, VP of fraud and risk at Wave Financial, tells PYMNTS how multilayered authentications are proving to...

READ MORE >
Experts Say Single-Layer Fraud Systems Open Invitation for Fraudsters
Experts Say Single-Layer Fraud Systems Open Invitation for Fraudsters
June 30, 2022  |  Authentication

Digital fraud continues to wreak havoc on the economy despite banks’, businesses’ and consumers’ best efforts to stop it. The Federal Trade Commission reported $5.8...

READ MORE >
45% of Financial Services Customers Say They Feel Safe Without Passwords
45% of Financial Services Customers Say They Feel Safe Without Passwords
June 29, 2022  |  Authentication

Consumers are open to the idea of letting go of passwords and using alternative authentication methods to log in to their financial services accounts. In...

READ MORE >
Biometrics Help in Fight Against Fraud, but Are Not the Only Solution Banks Need
Biometrics Help in Fight Against Fraud, but Are Not the Only Solution Banks Need
June 29, 2022  |  Security & Fraud

“If you’re not on your game and protecting your customers,” Tom Shell, vice president of business development and solutions engineering at DataVisor, told PYMNTS, “the...

READ MORE >