Security and Authentication in Alternative Financial Services
A Mercator Advisory Group Executive Brief Sponsored by IDology

For this report, fraud management executives at alternative financial services organizations were interviewed to evaluate the challenges of identity verification and deterring online and mobile-based fraud. Each of these firms sells general purpose, open-loop prepaid cards, and ancillary services such as person-to-person payments (P2P), bill payments, and short-term loans.

Finding from the report:

• Alternative Financial Services Create New Channels for Consumers—and Criminals
• Common Types of Fraud Using Prepaid Cards
• The Balancing Act Between Added Security and Customer Friction
• The Need for Strong Fraud Prevention Tools