Data and information management

Finance organizations serious about protecting their customers need two-factor authentication, which involves the mobile phone when logging in to transfer money, writes Michael Patterson, CEO of Plixer.

Readers weigh in on a blockchain-based credit bureau, react to the CFPB’s arbitration rule and chime in on calls to invest more in women.

American Express will launch its next generation of online authentication system, SafeKey 2.0, early next year with support for biometrics technology and mobile commerce.

As retailers look to bring payments in-house, there are various approaches to consider, writes André Stoorvogel, director of product marketing for payments at Rambus.

Marco Abele and Oliver Bussmann are launching a blockchain that will let affluent people co-own horses, vineyards, paintings and other high-end items.

While the Consumer Financial Protection Bureau was careful to note that the principles were not binding, the industry should still adopt the guidelines going forward.

Eight leagues/associations now are part of class action response to massive hack, with two leagues – representing CUs in Nebraska, Arizona, Colorado and Wyoming – joining on Halloween.

Additional data such as college major enhances the ability to provide credit to thin-file consumers. But could it create other issues?

The bank consortium is going directly after the business of its former partner Ripple in the middle of their legal battle over an option for digital currency worth $1 billion.

Home equity lines could double over the next six years. Some banks are actively pursuing the consumer credit opportunity, whereas many still feel stung by the housing crisis, unimpressed by home equity’s comeback so far or fearful of nonbank competition and fraud.

Calls for less reliance on credit bureaus and Social Security numbers for verification are leading many to envision a future of identity on a distributed ledger.

Banks are revamping and investing in new wholesale systems to solve the frustrations felt by corporate customers.

The alliance aims to simplify application development for distributed applications that can be used by credit unions.

While the Consumer Financial Protection Bureau was careful to note that the principles were not binding, the industry should still adopt the guidelines going forward.

Taking a data-driven approach to marketing not only helped pump up originations -- it also helped save members money.

The U.K. Financial Conduct Authority opened an investigation into the hack of credit reporting company Equifax Ltd. that saw personal data stolen from at least 143 million people.

A new partnership between NAFCU and Hyperledger is said to be the first such alliance between the blockchain consoritum and a financial services trade association.

Palm scanners for employee log-ins has not only increased data security, but it's also cut down the time employees were spending on authentication procedures.

The Clearing House has become one of the first Mastercard-certified, third-party token service providers on behalf of issuing banks.

The Consumer Financial Protection Bureau made it clear that consumers own their financial data and can share it with apps of their choice. Now it’s up to the industry to resolve thorny issues on liability and accountability.