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.
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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