| Visa launches dynamic CVV code tech, CVS taps PayPal for QR code payments, Helping banks woo mobile banking holdouts | | | Partners Against Crime: Visa Leads Effort To Fight Fraud With New Dynamic CVV Codes The static CVV code is getting an upgrade. Visa and Keyno have pioneered a new effort called âdCVV2â to serve dynamically generated security codes to fight card-not-present fraud. Keyno CEO Robert Steinman; Tom Rapkoch, Visaâs director of global chip product; and Ben Maxim, assistant vice president of digital strategy and innovation at Michigan State University Federal Credit Union; tell PYMNTS that they believe the new system can be effective. |
| Mastercard Embraces Existing Rails To Drive B2B Payments Value How does one become a serious player in the B2B payments space? James Anderson, Mastercardâs executive vice president of global commercial and B2B solutions, tells Karen Webster itâs all about driving change. He says Mastercardâs new Track Business Payment Service is part of a strategy to change the way businesses send and receive payments â without forcing them off rails theyâre already comfortable with. |
| Authentication Creates Opportunity To Solve FIs'
$1 Trillion Fraud Problem The digital-first economy needs to be protected from the fraudsters that are following the money online. A recent PYMNTS panel of CEO Schalk Nolte of Entersekt; Jen Martin, head of fraud operations at KeyBank; and Karen Boyer, fraud intelligence director/financial crimes at Peopleâs United Bank; unpacked the promise of authentication and behavioral analytics in providing that protection. |
| Worldpay: Pandemic Has Forced The Issue On B2B Automation The pandemic may be a catalyst for finally reckoning with the days of wire transfers and paper checks that have historically slowed B2B payments. Maria Prados, vice president of global eCommerce at Worldpay, tells PYMNTS that the shift to automation now has momentum behind it. |
| Digital-First Economy Could Make 2021 The Year Of The Fraud Bot Bots have become ubiquitous in eCommerce and can be positive additions to the customer experience. But they’re also a tool that fraudsters can use as well. Kount's Gary Sevounts tells PYMNTS that retailers need to separate ‘good’ bots from ’bad bots’ this holiday-shopping season if they want to fight fraud without creating friction. |
| | Mobile Banking App Report: | | NEW DATA: 43M Consumers Are Holding Out On Mobile Banking Apps â How Banks Can Change Their Minds Almost 120 million U.S. consumers actively use mobile banking apps, but another 43 million shy away from doing so because they believe banking appsâ security falls short. However, giving banking customers more control over appsâ authentication procedures can boost confidence and drive engagement. PYMNTS' latest Mobile Banking App Report: Tapping Authentication To Boost User Engagement has the details. |
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