News Topic: Authentication
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Defaulting Auction Bidder Finds Evidentiary Mess
A new opinion from the Fifth Circuit shows multiple mishaps in connection with a bankruptcy-related auction. However, its most important holding has to do with authenticating evidence. The bottom line is that a trial court decision limiting a defaulting ... Read full article
Weary of passwords, mobile banking users warm to biometrics
FIDO Alliance creates user-experience guidelines for online security
Payfone rebrands, buys authentication tech from Early Warning
The company has renamed itself Prove and says that the acquisition will allow it to help banks fine-tune their security procedures when serving customers. ... Read full article
Biometric spoofing is harder than people think
New authentication methods make it harder to fake biometrics, Eric Setterberg of Fingerprints argues. ... Read full article
AI startup Deep Labs lands $16M in funding commitments
The company, which develops "persona-based intelligence," software counts Visa and American Express among its clients. ... Read full article
Will banks get caught up in facial recognition backlash?
Consumer advocates and policymakers are railing against use of the technology by government, universities and others. Banks using it for authentication need to tread cautiously, experts say. ... Read full article
'Everything is breakable': Why BBVA wants to ditch passwords
The bank is investing in a new authentication platform because password-based security systems have too many weaknesses, says Juan Francisco Losa, BBVA’s global head of security architecture. ... Read full article
The gaping security holes plaguing real-time payments
Stephen Ranzini, CEO of University Bank, says The Clearing House's RTP and Early Warning's Zelle handle enrollment, encryption and authentication insecurely. ... Read full article
Should San Francisco's ban on face-recognition tech worry banks?
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. ... Read full article
'Friendly fraud' is on the rise. Are banks complicit?
Reports of improper charges by perpetrators who know the victim soared last year. Issuers and card networks are failing to tighten security, clearly label transactions and police chargebacks, critics say. ... Read full article
The smart fridge and other tech in Wells Fargo’s innovation lab
Shari Van Cleave, head of digital labs at the bank, discusses customer-facing technology it's testing, including wearables and the so-called internet of things. ... Read full article
Wells Fargo, PayPal back effort to fund female fintech entrepreneurs
Female startup founders consistently receive far less venture capital money than male founders, but a program by Quesnay is looking to change that. ... Read full article
7 (realistic) predictions about fintech in 2019
Even the best technologies take time, making it necessary to rein in expectations about what will happen and won't happen in the coming year. ... Read full article
Why Citi is investing in tech that controls how much cardholders spend
The bank saw value in Ondot System’s ability to empower customer analytics in card controls. ... Read full article
Identity Data Doesn’t Tell the Whole Story
How to Leverage Offline and Online Data for Highly Effective Multifactor Authentication ... Read full article
Facing up to bias in facial recognition
The recent outcry over government use of Amazon's facial recognition software will force TD Bank, USAA and others to confront flaws in the technology that make it harder for women and minorities than white men to use mobile banking. ... Read full article
The browser standard that just might make online banking safer
WebAuthn could eventually mean passwords are replaced with fingerprints and facial recognition. But how hard will it be to implement? ... Read full article
Can Samsung’s Galaxy S9 make facial recognition mainstream?
A better camera should mean more accurate facial recognition. Will it spur more banks to embrace the technology? ... Read full article
