Digital Identity

Brazil is reshaping the global use of digital wallets, with consumers relying on them for bill payments and identity verification, unlike other countries, where they are mainly used for eCommerce. A ...

As digital wallets become a staple of modern consumer life, there’s a need for clarity around their functions. While many consumers are familiar with the technology, confusion persists regarding what ...

Investors sent Intellicheck shares lower by 12% Thursday morning (Nov. 14) on a slight revenue miss. However, management pointed to potential in the company’s identity verification offerings, particularly in the areas ...

Mastercard plans to phase out the need to enter card numbers, static passwords and one-time codes when making online purchases by 2030. The company aims to make the change globally, replacing ...

Law enforcement is warning U.S. banks about the danger of AI-powered identity fraud schemes. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an alert Wednesday (Nov. 13) to help financial ...

Meta is reportedly rejecting the FTC’s plan to modify a 2020 privacy settlement. An attorney for the tech giant told the Federal Trade Commission’s (FTC) commissioners at a Tuesday (Nov. 12) ...

What can blockchain technology do for financial services in a friendly regulatory environment? With a new president coming in 2025, the ecosystem is about to find out. Donald Trump has promised ...

Visa and Tencent partnered to launch a pay-by-palm solution, first in Singapore and then in other markets. The collaboration brings together Tencent’s palm recognition technology and Visa’s payment token and other ...

American Express has formed a deal with financial data company MX Technologies, giving their users access to improved financial management capabilities. The API-powered data access agreement will offer customers new digital ...

When it comes to digital commerce, payers and businesses are clear on one thing: they want checkout to be fast, safe and simple. But while clicking “pay” and moving on sounds ...

Mastercard’s third-quarter earnings results demonstrated that consumers are still spending, and sentiment is healthy amid a resilient labor market and the Federal Reserve’s September cuts to interest rates. CEO Michael Miebach ...

The recent finalization of data-sharing rules may have sharpened the debate over risks and rewards of Section 1033 — to consumers, banks and FinTechs — and the rule has drawn ...

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 ...

Money movement across borders promises to speed the flow of funds between consumers and corporations if done digitally. But commerce is marked by complexity and the specter of fraud on the ...

LinkedIn will reportedly begin showing user verification badges within its primary feed in November. This move comes after the company began verifying users in April 2023 to combat fake profiles, scams ...

Socure plans to acquire Effectiv to create a unified identity, fraud and risk decision engine and offer its partners a “single view of identity.” The $136 million deal, expected to close ...

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 ...

How do you deal with an entity that is so malicious it will use a natural disaster to commit cybercrimes? It’s happening in the wake of the two hurricanes that hit ...

Speaking at a recent cybersecurity conference, Microsoft’s Sangeeta Ranjit presented some disturbing statistics. “In the last year alone, we saw password attacks almost double at Microsoft — over 7,000 per second,” said Ranjt, ...

Stellar Development Foundation is integrating Mastercard’s Crypto Credential solution into its blockchain network. The credential, which helps verify interactions among consumers and businesses using blockchain networks, will be added to the ...

The FIDO Alliance has released credential exchange protocols and a resource to promote the adoption of passkeys. The new secure credential exchange specifications were published in a working draft and are ...

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. ...

If businesses aren’t ready for cross-border compliance, they may as well be writing regulators a blank check. And particularly as it relates to financial services, eCommerce and digital platforms, companies looking ...

Among the meteoric rise of payments innovation, tokenization’s widening adoption has been among the most notable. It’s been around for more than a decade, but even today — with explosive growth ...

More than 30 years ago, a cartoon appeared in the New Yorker, now made famous by any number of memes and framed pictures — a canine perched at a computer, ...

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 ...

It wasn’t too many years ago that a monthlong event to discuss issues, trends and opportunities in B2B payments would have been hard to imagine. It was a sector dominated ...

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 ...

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 ...

In an age where security is paramount and identity fraud is a growing concern, the Real ID Act stands at the forefront of a significant shift in how individuals are verified. ...

The small businesses that are the backbone of each community across the United States are, collectively, the mainstay of everyday life. They employ millions who power spending and the economy. Yet ...

Artificial intelligence can now solve Google’s reCAPTCHAv2 with 100% accuracy, according to new research, possibly rendering a critical online security measure obsolete and forcing eCommerce platforms to rethink user authentication. Scientists ...

As the Major League Baseball (MLB) postseason kicks off this week, the league hopes to expand its facial recognition entry program known as Go-Ahead Entry. “Go-Ahead Entry is a completely optional, ...

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 ...

Microsoft is taking another stab at rolling out its AI-powered Recall program. The company in June announced it was delaying the launch of the artificial intelligence (AI) feature, which is designed ...

As artificial intelligence (AI) becomes more integrated into banking, the financial sector stands on the brink of a major shift. The adoption of AI tools could redefine not only operational ...

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 ...

LinkedIn has thrust its 930 million users into an unexpected role: unwitting AI trainers, igniting a firestorm over data privacy and consumer trust. The professional networking giant’s recent User Agreement and ...

In a pivotal moment for data privacy and child protection, California Gov. Gavin Newsom recently made two contrasting decisions that highlight the complexities and competing interests in the realm of ...

The Consumer Financial Protection Bureau (CFPB) will soon propose a rule that would apply privacy protections to data brokers, CFPB Director Rohit Chopra said Thursday (Sept. 19). In remarks prepared for ...

New research suggests tech giants may gain an edge in generative artificial intelligence (AI), raising questions about the industry’s competitive future. According to a recent paper, massive computational requirements and network ...

There are over 8 billion people alive on earth, and their growing expectations around frictionless and secure digital experiences are continually transforming payments and commerce. Underpinning that is the emerging need ...

Emerging markets like Brazil and India are no longer just emerging. When it comes to advances like the digitization of financial services, these countries are frequently leapfrogging legacy landscapes from a ...

Google Wallet on Thursday (Sept. 12) unveiled enhanced features to improve the travel and commuting experience. Starting soon, per a Thursday Google blog post, U.S. users can create digital IDs from ...

First, digital wallets came for paper cash, credit cards and the leather billfold. Now, as they become more prevalent across end-users’ daily lives, gaining traction as a convenient and secure way ...