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Showing posts from May, 2022

A Look At The Ecommerce Fraud Prevention Strategies You Can Use

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  Ecommerce fraud prevention must be your priority if you are looking to venture into online business in 2022. It is important to remember that where there is money involved, there always will be criminals eyeing you. Online fraudsters are coming up with better tactics to make sure that they enjoy better incentives. Fighting new ecommerce fraud tactics in today’s digital landscape demands effective ecommerce security for your online business. If you do not take appropriate ecommerce fraud prevention measures, your business may eventually have to shut down as a result of succumbing to ecommerce fraud. Even though there is not much you can do to stop online fraudsters from making you their victim, you can still fight them back. There are multiple ecommerce fraud protection tools and services that can help you in securing your hard earned profits from the bad guys. If you and your team must juggle multiple responsibilities such as product sourcing, quality control, content, SEO, HR, etc.

Things To Know About KYC Authentication

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  KYC authentication has become very common these days. It is one of the preferred technologies especially by financial institutions. In full, KYC stands for Know Your Customer. The KYC process has become a vital part of getting important services these days, such as getting a gas or LPG line or even buying an insurance policy. So, what exactly is KYC? The main aim of this technology is to verify the identity of clients and additionally examine the probabilities of any illegal wrongdoings.  Another reason why almost all major companies and organizations are carrying out KYC is to ensure their distributors, consultants, and agents are bribery-free and are not involved in any unlawful activities. In other words, this technology ensures that the information provided is real and authentic. KYC is very common in digital onboarding in banking . Even though the KYC process has received mixed reactions, there is no denying the fact it has several benefits. One of the things that you will love

Things To Know Before Choosing A Cryptocurrency Digital Wallet

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Choosing the right cryptocurrrency digital wallet is very important if you have decided to try your luck in the crypto trading world. The world of cryptocurrency and digital wallets can seem overwhelming. A cryptocurrency wallet is a storage method for holding cryptocurrency. These wallets have the ability to send and receive money and record transactions. They can be physical devices, software, or even paper. It is a good idea to store crypto in a wallet rather than on a crypto exchange to ensure your digital currency remains yours and untampered with. Provided that you use a login ID and password , you can be able to transact online securely without worrying about personal information being exposed. Digital wallets are software-based cryptocurrency storage tools which represent most types of cryptocurrency wallets, including mobile, online, and desktop wallets. It is important to remember that not all cryptocurrency wallets are digital. Some people use paper wallets to store their d

The Benefits of Connecting to the eKYC Portal

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  There are many benefits that you can get as a result of getting connected to the eKYC portal . e-KYC utilities can be used solve the current KYC challenge that  is faced by financial institutions. The following are some of the benefits you can realize by accessing an e-KYC utility. First of all, you are going to have a faster client onboarding and improved client experience when you connect to eKYC portal and get FIDO2 certification . With access to the right, up-to-date information, you can reduce the amount of times you need to ask a client for data or documents. You can enjoy faster client onboarding as well as quicker time to revenues by leveraging existing document and data assets more effectively, both internally and externally. eKYC utilities can drive quality at source and provide a more consistent experience to clients and get them ready to transact, save or trade faster, while offering more value-added services. You will also experience significant operational efficienc

Things To Know About Strong Customer Authentication Solutions

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  If you have never considered using strong customer authentication solutions in your business, you should consider doing so. Strong authentication is a way of safely and reliably confirming the identity of a user. Multi-factor authentication is one of the best options that you can use to establish trust with users, but actual strong authentication goes beyond multifactor authentication or two-factor authentication. So, what exactly does strong authentication solutions do? These solutions confirm user identity reliably and safely, never solely based on shared secrets or symmetric keys like passwords, codes, and recovery questions. FIDO2 biometric authentication assumes credential phishing and impersonation attacks are inevitable and robustly repels them. Even though multi-factor authentication is without doubt among the best ways to establish who trusted users are, actual strong authentication goes beyond either 2FA or MFA. When implementing MFA, at a minimum, you need to follow the

The Benefits of the Visa Delegated Authentication Program

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  If you have not yet taken advantage of the Visa Delegated Authentication program in your business, you should consider doing so. The PSD2 regulation allows issuers to delegate authority for authentication to a third-party (such as a merchant or wallet provider). The Visa Delegated Authentication program enables clients and third-parties to choose to allow Visa to manage this delegation process.  By using the biometric identity verification made possible by this program, you can be sure of getting quick and accurate identification and authentication in your business. Use of passwords and codes for security access is pretty straightforward, but generic. Anyone who has a card or pass can gain access. Biometric security technology refers to the biological passcodes that cannot be forged, which means accurate identification and authentication of the specific individual. Iris or facial recognition is more often becoming integrated as part of the security process, because scanning is a qu