Consumer authentication in the financial industry

Consumer authentication in the financial industry

Consumer authentication in the financial industry

Date: Feb 05, 2009
In this discussion of the future of consumer authentication, Burton Group senior analyst Mark Diodati describes several new authentication methods banks and financial firms are using and how they avoided some pitfalls.

More on Financial Security Resources

  • National Automated Clearing House Association (NACHA)

    Definition - The National Automated Clearing House Association (NACHA) is a not-for-profit trade association that develops operating rules and business practices for the nationwide network of automated clearing houses (ACHs) and for other areas of electronic payments.
  • Red Flags Rule (RFR)

    Definition - The Red Flags Rule (RFR) is a set of United States federal regulations that require certain businesses and organizations to develop and implement documented plans to protect consumers from identity theft.
  • Suspicious Activity Report (SAR)

    Definition - A Suspicious Activity Report (SAR) is a document that financial institutions must file with the Financial Crimes Enforcement Network (FinCEN) following a suspected incident of money laundering or fraud.
  • Bank Secrecy Act (BSA)

    Definition - The Bank Secrecy Act (BSA), also known as the Currency and Foreign Transactions Reporting Act, is legislation passed by the United States Congress in 1970 that requires U.S. financial institutions to collaborate with the U.S. government in cases of suspected money laundering and fraud.
  • Financial Crimes Enforcement Network (FinCEN)

    Definition - Financial Crimes Enforcement Network (FinCEN) is a bureau of the United States Department of the Treasury. FinCEN was established in 1990 to safeguard financial systems from abuse by promoting transparency in the U.S. and international financial systems.