J.P. Morgan Payments has teamed up with predictive bank account/payment intelligence company ValidiFI. The collaboration, announced Monday (Oct. 28), is designed to give businesses greater security and confidence in validating bank accounts and conducting transactions. “For organizations conducting digital transactions on the ACH network, having...
You can’t get to what’s next in payments without getting to what’s next in identity. That’s according to Mary Ann Miller, vice president of client experience at Prove Identity, who told PYMNTS for the series “What’s Next in Payments: Embedded Everything: Priority One for Financial...
Mastercard has a new way for issuers to confirm cardholders’ identifying information. Dennis Gamiello, the company’s executive vice president for identity products and innovation, wrote in a blog post on Monday (Oct. 14) that it’s all thanks to a combination of new industry standards and Mastercard’s...
Capital One is offering its AirKey anti-fraud authentication tool to financial institutions. “Fraud is on the rise and costing billions in losses each year, making the need to protect consumers more important than ever,” the lender said in a Wednesday (Oct. 9) news release. “Developed...
ID.me is reportedly aiming for a $1.8 billion valuation in a share sale. As Bloomberg News reported Tuesday (Oct. 8), sources close to the matter say the company itself is not selling the shares, but will let employees and early investors sell their shares. One...
The line from “The Godfather” rings true in the age of digital fraud and stolen identities: It’s not personal; it’s strictly business. A guiding principle of business is diversification. The more diversified one is, the more likely one will see a return on investment. Fraud...
In the 21st-century financial services sector, security is paramount, and threats abound. As sophisticated cyber threats, from deepfakes to cloud vulnerabilities, spread from every corner of the globe, experts debate the best form of authentication. Adam Lowe, Ph.D., chief product and innovation officer at CompoSecure/Arculus,...
The promise of open banking is to foster a range of new products and services as banks link with FinTechs to use customer-permissioned data to tailor what they offer. Within open banking — no matter the use case, but especially for pay by bank —...
How well do you know the organizations your business transacts with? And how well do they know your business? As the digital transformation accelerates, and businesses are confronted with escalating cyber risks and vendor identity fraud, it’s a question worth asking. The modern business environment...
