Incognia’s Post

Security has never been more important. Strong biometric protocols are becoming integral to the global financial ecosystem, especially as fraudsters use increasingly sophisticated tools to perpetuate financial crime. Biometric authentication is one of the many tools ACI uses to combat fraud; behavioral biometrics, for example, analyze patterns in user behavior to help determine the legitimacy of a transaction. Overlaid with AI, this helps us not only prevent attempted fraud but also get ahead of and shut down potential avenues of future fraud. https://aciw.co/4dpaId4

Evolution of Consumer Behaviour and Enhancing Transaction Security Over the last decade, consumer buying habits have shifted dramatically from in-store to online, reshaping retail and increasing opportunities for fraud. The digital age has intensified identity verification and transaction authentication challenges. In response, EMVCo has updated the 3DS protocol to address these challenges, catering to mobile device use and offering a seamless authentication experience. This revision reflects our commitment to security and adapting to the needs of modern, mobile-first consumers. Looking forward, our solutions aim to set the standard for secure transactions, maintaining consumer trust in the evolving commerce landscape.

Dive into our latest blog to uncover the hidden complexities of e-commerce fraud. Learn how CSPs are becoming crucial in safeguarding digital transactions and ensuring a safer online shopping experience. Read now and join the fight against this growing digital menace. Access the blog here: https://hubs.ly/Q02h96fj0 #EcommerceFraud #TelecomFraud #FraudManagement #FraudPrevention

Dive into our latest blog to uncover the hidden complexities of e-commerce fraud. Learn how CSPs are becoming crucial in safeguarding digital transactions and ensuring a safer online shopping experience. Read now and join the fight against this growing digital menace. Access the blog here: https://hubs.ly/Q02h96fj0 #EcommerceFraud #TelecomFraud #FraudManagement #FraudPrevention

Biometrics are the next generation of security in payments. Digital identity is about what makes you uniquely you – and it’s not your account number. The key to the future of digital commerce? You. Read more: https://lnkd.in/dufpMAxQ #VPF2024

Visa Payment Passkey Service binds your account credential with your device, enabling you to use the biometrics you use to unlock your device for payment authentication. Enroll once via checkout (or your mobile banking app, in the future) and then pay with a smile, everywhere Visa is accepted online, across any device or online surface. No need to worry about passcodes or authenticator apps for each checkout experience. #digitalpayments #visa #innovation #VPF2024 #securepayments #biometrics

Well worth a read, this is the next step in your personal payment identity. Visa Passkey for securely representing your digital identity in a payments world is a game changer. the ability to use your own digital identity (face, finger print or other biometric data) for payments will simplify but essentially increase the security for both merchants and individuals. As I said, well worth a few minutes to read.

One of the major pillars in digital payments is the merchant-acquiring infrastructure. To truly promote digital transactions, it’s essential that both online and offline merchants have robust digital payment acceptance systems in place. With the rise of new FinTech entrants, we're witnessing an exciting wave of innovative products designed to simplify payments for customers, reduce fraud, enhance cybersecurity, decrease transactional failures, and ensure smooth settlements for merchants. These advancements are not just about convenience—they’re about building a more secure, efficient, and inclusive digital economy. At the core of this transformation is the commitment to supporting merchants with the tools they need to thrive in a digital-first world. Let’s continue to drive this momentum and create a seamless, secure payment experience for everyone involved. #DigitalPayments #FinTech #Innovation #MerchantServices #Cybersecurity #DigitalEconomy #SeamlessTransactions #TechAdvancement #FinancialInclusion

Biometrics are the next generation of security in payments. Digital identity is about what makes you uniquely you – and it’s not your account number. The key to the future of digital commerce? You. Read more: https://lnkd.in/dufpMAxQ #VPF2024 

I recently had the honor of contributing to The Paypers "Fintech for Marketplaces and Platforms Report 2024", offering insights on the pressing security challenges faced by online marketplaces. In today's digital age, safeguarding transactions and protecting consumer data are paramount for marketplaces' success. According to Rapyd's research, fraud ranks as a primary concern for 42% of businesses, underscoring the urgency for robust fraud prevention measures. My contribution to the report delves into these pressing security concerns and provides actionable insights for navigating these complexities: 1️⃣ Battling fraud and safeguarding transactions: Effective fraud prevention requires tailored monitoring programs that address specific business needs and regulatory requirements. 2️⃣ Navigating the regulatory labyrinth: Compliance with international standards, like those set by the FATF, is essential to avoid fines and reputation damage. 3️⃣ Embracing AI innovations: AI-driven solutions offer unprecedented opportunities for real-time fraud detection and risk mitigation. 4️⃣ Data security: Transparent data handling practices are crucial for protecting consumer information and fostering trust. 5️⃣Educating consumers: Clear communication and education about security practices empower consumers and sellers to participate in a secure online environment. I extend my gratitude to The Paypers for the opportunity to contribute to this comprehensive report. For further insights, you can download the full report here: https://buff.ly/3WXU5Q2 #fintech #fraudprevention #compliance