Shares of Janover were % lower.Fintech IPO IndexRecommendedThink Fraud Prevention Should Be Frictionless? How About Effortless?‘We're Not Just Cash Custodians:' CPG Treasury Chiefs Call for Greater Strategic IntegrationBanks Are The Missing Link in Cross-Border Digital Wallet Adoption, Study FindsThe Doctor Will See You... On Amazon: Tech Giant Expands Plans to Merge Medicine with MarketplaceSee More In: Affirm, AMTD, BB, Earnings, Featured News, FinTech, Fintech Investments, FinTechs, Investments, Janover, News, oneconnect, Open Lending, PYMNTS News, Robinhood, SoFi, XP% of Large Banks Interested in Metal Cards to Boost SecurityBy PYMNTS | January , | As banking fraud unfolds, financial institutions (FIs) are challenged to protect customer data and provide pleasant customer experiences.
The rise in credential theft has sparked interest in solutions thailand mobile database like tap-to-authenticate metal payment cards, which are embedded with chips and let users authenticate by tapping the card on a smartphone.A PYMNTS Intelligence report, “A Tap Could Solve Banking Authentication Problems — With the Right Metal Payment Card,” in collaboration with Arculus, shows most FIs believe these cards can improve security and profitability.
The Need for Improved AuthenticationFraud based on stolen credentials accounts for % of all fraud cases, surpassing other types like fraudulent transactions (%). Nearly % of FIs have reported an increase in credential-based fraud over the past year, highlighting the weaknesses of current authentication methods. As password-based systems prove inadequate, FIs are turning to tap-to-authenticate cards as a secure, passwordless solution.
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