The pandemic has heaped more than a few stresses on employers, and adding workers has emerged as an especially challenging task. Hiring has slowed across many sectors, but the need to replace departing workers or add employees amid growth remains for some industries. The pandemic...
Hiring and vetting job applicants remotely has become par for the course, but not all companies know how to verify job applicants' identities digitally, says Alicia O’Brien, vice president of innovation at global hiring and recruitment firm WilsonHCG. O’Brien tells PYMNTS how businesses can tap...
Employers reflecting on 2020 will largely remember it as the year of the remote shift. A survey of 1,200 companies across numerous industries found that nearly 49% of firms said employees’ productivity improved as they worked digitally, with fewer workers worried about commuting or getting...
Fraud protection specialist Kount and Philadelphia-based payments platform FreedomPay are teaming up to offer “an integrated, complete solution to enable international expansion with fraud-free payments and frictionless customer” experiences. In a press release, the companies said that their integrated products would comply with the latest regulations. These include: PSD2,...
Elvis Presley’s 1960s hit “Return to Sender” might have been about a lover’s spat, but in real life, the impact of “no such person, no such zone” is a serious problem. According to Bud Walker, chief strategy officer at the address and identity verification firm Melissa, the...
Hide and seek is fun when you’re five, but it’s a tedious cat-and-mouse affair after you grow up and it turns into an interminable bout of whack-a-mole with invisible thieves. “Invisible” is the operative word here, as the tsunami of remote onboarding triggered by COVID...
The need for financial services providers to properly verify potential customersʼ identities took center stage in 2012 — the year HSBC, Europeʼs largest bank, was fined nearly $2 billion for allowing $881 million in laundered cash to pass through accounts linked to Mexican drug cartels....
The pandemic has put small businesses in a world of financial hurt, with many looking to lenders for critical support. But lenders are facing their own challenges as they try to verify potential clients’ identities quickly and remotely. In the Digital Identity Tracker, Prasad G...
Traditional bank account opening methods have long involved visits to branches and face-to-face meetings with officials in which physical identification documents are presented. These methods were rife with frictions and challenges even before the pandemic began, but now they also carry health risks due...
