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The case for checking payment customers’ identities over time, not just once

PYMNTS says its Payments Innovation Tracker with Paymentology examines why issuers are shifting away from one-time identity checks as fraudsters target customer relationships before money moves.

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1 Source, 10h ago, first seen 10h ago

TLDR

PYMNTS says account takeover, synthetic identities and AI-assisted social engineering can target a customer relationship before a payment is made. Its Payments Innovation Tracker with Paymentology argues that, by authorization, an attacker may already have what they need to pass a check. It describes a shift toward verification that builds trust over time.

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1 Source, first seen 10h ago

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Combined views

498

1 Source, first seen 10h ago

1 likes2 comments

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1 Source

@pymntsBy the time a fraudulent payment reaches authorization, the attacker may already have everything needed to pass the check. Account takeover, synthetic identities and AI-assisted social engineering now go after the customer relationship itself, long before any money moves. The latest Payments Innovation Tracker® from PYMNTS Intelligence and @Paymentology explains why issuers are shifting from one-time identity checks to verification that builds trust over time. https://hubs.ly/Q04yK28R0
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    1 Source

    @pymntsBy the time a fraudulent payment reaches authorization, the attacker may already have everything needed to pass the check. Account takeover, synthetic identities and AI-assisted social engineering now go after the customer relationship itself, long before any money moves. The latest Payments Innovation Tracker® from PYMNTS Intelligence and @Paymentology explains why issuers are shifting from one-time identity checks to verification that builds trust over time. https://hubs.ly/Q04yK28R0
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