Authentication

Unlike using cash in the analog world, on the Internet everybody--including hackers--leaves digital traces, says Bird & Bird's Martin von Haller Grønbæk.

Contactless payments need added security to adhere to PSD2's strict new identity guidelines, says Fingerprints' Lina Andolf-Orup.

Consumers and banks are both concerned about security tied to contactless payments, says Fingerprints' Lina Andolf-Orup.

Even though security vendors and payments providers are telling merchants they are ready to provide compliance for PSD2 on Sept. 14, a significant challenge remains in the learning curve and technology needs for merchants.

Static fraud prevention has no place in the current digital world, says Accertify's Stuart Mann.

It's not on consumers to fix this problem, says NuData Security's Justin Fox, who argues organizations must get more cooperative and proactive to improve authentication.

The patent office is getting buried in applications for distributed ledger systems, a mountain of documents that chart a clear course toward making static identity and password protection irrelevant.

U.S. firms have been reliant on data aggregators like credit bureaus and other data companies to provide identity verification services, says Entersekt's Jennifer Singh.

The tougher authentication standards will take time and effort, but will strike a blow against fraud, writes Andrew Mortland, vice president of product at Accertify.

Developers have expanded availability of digital identity and biometrics, but traditional methods are holding strong as most companies still rely on usernames and passwords.

To address users’ privacy concerns, secure data and avoid litigation or fines while delivering a competitive customer experience, financial institutions must adopt a customer digital identity and access management (CIAM) strategy, says ForgeRock's Ben Goodman.

The time is ripe to move decision-making up the ladder and for organizations to bite the bullet by creating a more inclusive comprehensive strategy for the overall business that considers all the disparate security needs, writes Madeline Aufseeser, an analyst and fintech executive.

A traditional rules-based fraud system will not be capable of detecting synthetic identity fraud. A combination of supervised and unsupervised machine learning algorithms must be implemented to process the data necessary to effectively segment good and bad identities, says Steven D'Alfonso, research director at IDC Financial Insights.

New payment modes are expanding quickly, giving momentum to facial recognition and other advanced forms of authentication, according to James Daniels, vice president and head of Asia Pacific at FIME.

The pressure on banks, financial institutions and payment service providers to act as effective gatekeepers in the fight against financial crime is intense. Real-time payments considerably complicates that challenge, writes Sophie Lagouanelle, head of solutions at Accuity.

Amazon’s move pressures other merchants to add speed to e-commerce delivery while adding a few more steps to vet payments, writes Monica Eaton-Cardone, COO of Chargebacks911 and CIO of its parent company Global Risk Technologies

By making sure their payment processing solution is compliant, they can save themselves the hassle of declined payments and make sure they’re capitalizing on the expansive European e-commerce market, writes Ralph Dangelmaier, CEO and board member at BlueSnap.

Vetting transactions has become complicated as merchants try to juggle user experience and risk. Tokenization can remove some of that complexity, argues Andre Stoorvogel, a director at Rambus.

After criticizing the prevalence of social sign-in buttons on the internet, Craig Federighi, Apple's senior vice president of software engineering, unveiled one of his company's own. It's essentially Apple Pay without the payments.

Police and city agencies can no longer use facial-recognition technology, which civil liberties groups say infringes on human rights. The measure may be an ominous sign for biometric login authentication.