WHITE PAPER
An FI’s guide to digital wallet fraud prevention
With the Entersekt difference: Strong authentication and great CX
In 2023, 53% of Americans used digital wallets like Apple Pay, PayPal, and Google Pay as their preferred method of payment. But as the adoption of new banking tools takes off, so do related fraud scams. Losses from card-not-present (CNP) fraud in the U.S. are now predicted to reach over $13 billion by 2026.
In this white paper, our solution experts explore how financial institutions can protect their customers’ digital wallet payments from fraud using Entersekt’s modern authentication technology.
Discover the benefits of our solution, including:
We also showcase the authenticating of card setups in digital wallets, and cover sample use cases, including: mobile banking app as an authenticator, passkeys as an authenticator, SMS OTP for authentication, and email plus SMS for authentication.
Download now
In 2023, 53% of Americans used digital wallets like Apple Pay, PayPal, and Google Pay as their preferred method of payment. But as the adoption of new banking tools takes off, so do related fraud scams. Losses from card-not-present (CNP) fraud in the U.S. are now predicted to reach over $13 billion by 2026.
In this white paper, our solution experts explore how financial institutions can protect their customers’ digital wallet payments from fraud using Entersekt’s modern authentication technology.
Discover the benefits of our solution, including:
- Fast integration, high availability, and the ability to scale
- Strong, data-driven customer authentication based on solid security principles
- Balanced and consistent customer experiences across all digital channels
We also showcase the authenticating of card setups in digital wallets, and cover sample use cases, including: mobile banking app as an authenticator, passkeys as an authenticator, SMS OTP for authentication, and email plus SMS for authentication.
Download now
