Why Mastercard Bought Vyze | Zelle Use Doubles At BoA | Cracking FIs' 90/10 Data Monetization Problem

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Strong Customer Authentication

As PSD2 Looms, SCA Waits In The Wings

Across the pond, eCommerce is about to weather a sea change that begins in September. PSD2 is almost here, and with it comes Strong Customer Authentication (SCA), which governs online checkout for CNP transactions. Spencer McLain, Whitepages Pro VP of EMEA, delves into who’s ready (and who isn’t) to tackle SCA — and why ripple effects may hit U.S. shores.

Consumer Data

Cracking FIs' 90/10 Data Monetization Problem

Keeping consumer data secure — and private — is top of mind for financial institutions (FIs) everywhere, especially as they explore ways to monetize it. ARM Insight CEO Randy Koch tells Karen Webster that FIs might be more comfortable making decisions about data if they focus less on the 10 percent of data they shouldn’t touch and more on the 90 percent they can. Here’s how.

Cybersecurity

Why Patterns Are Breaking Fraud Fighting’s Old Rules

Fraud evolves as the bad guys do, trying to stay one step ahead of technology and risk management efforts. Jack Bloch, SVP SW engineering at ACI Worldwide, tells PYMNTS that rules-based fraud detection and prevention systems are irrelevant to machine learning and pattern recognition.

Why Mastercard Bought Vyze

Mastercard’s acquisition of Vyze opens up a larger world of point-of-sale (POS) financing, matching consumers with lenders via participating merchants, adding new flows for banks and FinTech firms alike. Mastercard’s EVP of Acceptance Solutions Blake Rosenthal tells Karen Webster about the thinking behind the deal, how POS financing will grow and what comes next.

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