Digital Identity
Most Recent
WilsonHCG On Leveraging Video, Digital ID Tools To Ease Remote Hiring
Friday 15th January - 8:00 am
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 ...Video, Facial ID Become Tools To Vet And On Board Remote Workforce
Thursday 14th January - 4:01 am
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 percent of firms said ...Equifax Invests In Fraud Prevention And ID Verification With $640M Kount Deal
Monday 11th January - 4:01 pm
The great digital shift – and the rising tide of eCommerce – has placed greater pressure on companies to verify their customers and guard against account takeovers.
To that end, late ...Jumio Sees Vaccine Passports Intersecting With Digital ID
Thursday 7th January - 4:02 am
For the travel industry, there is light at the end of the tunnel.
Vaccines against COVID-19 are (slowly) being rolled out. And while it will take a while to return to ...Facial ID Emerges As Effective Fraud Defense
Tuesday 5th January - 4:02 am
With digital use soaring during the pandemic and fraud on the rise, new research shows the best weapon in the war against unwanted transactions might be as simple as taking ...Tracking The Trends That Shaped 2020’s The Digital-First Economy
Friday 1st January - 4:02 am
This year, the PYMNTS data and analytics team published 252 reports that tracked the data, innovations and disruptive thinking that are reshaping the payments and commerce business. The Trackers use ...Deep Dive: Why ML Plays A Key Role In Debit Issuers' Fraud-Fighting Strategies
Thursday 31st December - 7:45 am
Debit card issuers face an ever-growing array of fraud schemes perpetrated against them and their account holders.
Effective card offerings require financial institutions (FIs) to quickly and accurately detect myriad forms ...Avidia Bank On The Digital Approach To Meeting Customers', Businesses' Needs
Tuesday 29th December - 8:30 am
Banks are fast-tracking digital-first banking solutions, but customers used to walking into a branch struggle to adapt, says CarrieAnne Cormier, senior vice president of retail operations and strategy for Avidia ...Facebook To Add Two-Factor Authentication To Some Accounts
Tuesday 22nd December - 10:21 pm
Facebook will increase its security offerings, especially for high-profile users, the social media giant announced Tuesday (Dec. 22).
The company will support the use of security keys on mobile devices so ...Deep Dive: Why Merchants Must Rethink Their Promotion Abuse Protections During The Pandemic
Monday 21st December - 7:45 am
Fraud instances have risen dramatically since the pandemic began, placing financial strains on consumers and merchants alike. One recent report that surveyed consumers from the U.K., U.S. and five other ...Kount, FreedomPay Join Forces To Offer Payments Platform, Fraud Prevention Package
Thursday 17th December - 12:28 pm
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 ...IBM Payments On The Future Of Virtual Cards
Thursday 17th December - 9:30 am
Virtual cards can reduce fraud for businesses transacting online by keeping sensitive payment details safer from cybercriminals, says Mike Cook, senior partner at IBM Payments Center. In The CFO’s Guide ...Jumio: New Account Fraud Based On ID Verification Dropped 23.2 Percent
Tuesday 15th December - 9:01 am
New Jumio data indicates that new account fraud based on identity verification fell 23.2 percent globally in 2020 in contrast to 2019, according to an announcement from the identity verification ...Return To Sender: Bad Address Data Costs U.S. Businesses Billions
Tuesday 15th December - 4:01 am
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. ...Crypto, Kleptos And The Digital Identity Showdown
Friday 11th December - 10:30 am
As goes banking, so goes fraud. It has ever been thus. Money laundering and terrorist financing also go on the list these days, perhaps like never before. PYMNTS December 2020 ...Video-Based KYC Fixes Its Gaze On Fraudsters
Friday 11th December - 9:30 am
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” ...Deep Dive: Why Video-Based KYC Is Key To Seamless, Cost-Effective FI Onboarding
Thursday 10th December - 8:00 am
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 ...Data Verification Takes Precise Aim At Onboarding, Cart Abandonment Snags
Wednesday 9th December - 10:30 am
Remote onboarding is now the rule, not the exception, and consumer attitudes toward this process are quickly solidifying into a set of experiential expectations that must be met.
PYMNTS Digital Consumer ...BitGo On Securing Digital Assets
Wednesday 9th December - 7:45 am
There are currently more than 5,500 different cryptocurrencies in circulation, but the biggest name in the business — and often a metonym for the industry itself — is bitcoin. The ...Spreedly Offers Payment Orchestration For 3DS2 Compliance
Tuesday 8th December - 5:15 pm
Spreedly announced Tuesday (Dec. 8) in a blog post that clients can now harness the company’s payments orchestration platform as a single way to handle their Strong Customer Authentication (SCA) ...Today In Payments: Stimulus, Vaccine Key To Full Recovery By End Of 2021; Chinese Watchdog Warns More Big Tech Rules Looming
Tuesday 8th December - 3:00 pm
In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Plus, ...Slice Uses APIs To Take A Bite Out Of Address Verification
Friday 4th December - 4:02 am
Onboarding customers and easing checkout processes are key issues for eCommerce companies.
Not getting this right can cost online merchants as much as $4 trillion due to cart abandonment. Requiring too ...Credit Sesame Partners With Trulioo For ID Verification
Wednesday 2nd December - 6:07 pm
Credit wellness platform Credit Sesame has begun work with Trulioo, a global identification verification company, in order to boost services overall, according to a press release.
Credit Sesame will be using ...Mitek CEO: Digital Identity Must Accelerate During Pandemic
Wednesday 2nd December - 4:00 am
Since the earliest days of human existence, the concept of trust has presented unique interpersonal challenges that are as trying in the digitized world of the 21st century as they ...Device ID Helps Fight Holiday Fraud Amid Record Online Shopping
Wednesday 2nd December - 4:00 am
At a time when COVID-19 has seen global eCommerce and digital traffic grow by nearly 70 percent, security experts have braced for a commensurate surge in online fraud as the ...Amazon Expands Call Center Business Technology With Voice Recognition
Tuesday 1st December - 5:54 pm
As Amazon sees new demand for cloud services because of the pandemic, the company has announced voice recognition as part of its new services suite for call center businesses, Reuters ...Remote Onboarding Boom Being Secured By Multifactor Authentication
Friday 27th November - 11:00 am
Remote onboarding has overtaken (some might say overwhelmed) banks and merchants all year long as a deluge of faceless applicants opened accounts and cards.
Financial institutions (FIs) and other issuers need ...Deep Dive: Using Phone Verification And Text Messaging For Secure Checkouts
Thursday 26th November - 8:00 am
Many banks, utility companies and government agencies have been leveraging two-factor authentication (2FA) for several years. This process requires consumers to provide not only their usernames and passwords to access ...‘COVID-19 Health Passes’ Ignite New Digital ID Debate
Wednesday 25th November - 5:00 pm
The push toward digital IDs, toward tracking who’s who – and, in this case, who’s safe – may be getting a tailwind from air travel. To that end, a quintet ...Deep Dive: How Merchants Can Deploy Robust Digital Identification To Match Evolving Open Banking Standards
Wednesday 25th November - 8:00 am
Open banking regulations and proposals have progressed worldwide in recent months. Lawmakers in China, Singapore and Thailand, for example, have all either upgraded or recently introduced new laws surrounding the ...AI Models Eliminate Bias For Digital ID
Wednesday 25th November - 4:02 am
The age of artificial intelligence (AI) is upon us, where data feeds and models are used in the service of everything from verifying the digital identity of remote users to ...How NowRx Is Tightening Data Privacy In The Pandemic-Driven Telehealth Age
Tuesday 24th November - 8:15 am
The rise of telemedicine services is forcing a greater need to secure the data that is exchanged. In this month’s Merchants Guide To Navigating Global Payment Regulations, Cary Breese, CEO ...New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales
Tuesday 24th November - 4:00 am
Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing ...NowRx: Digital Identity Benchmarks Help Healthcare Industry Set Tone For Privacy
Monday 23rd November - 4:01 am
A recent report released by the United Nations found that 132 out of 194 countries have now introduced data protection regulations of some kind, all varying in terms of what ...eBay Repurposes LA Gas Station For Authentication Drive-Thru
Friday 20th November - 11:08 am
An old Los Angeles gas station is getting a new life as a drive-thru authentication hub for eBay, according to a company statement on Friday (Nov. 20).
The vintage 1941 former ...Mobile Banking App Users Pull Ahead Of FIs On Expectations
Friday 20th November - 9:30 am
It’s been a long slog since April 2020 when a harmonic convergence of bad financial news and a worsening global health crisis formed the “crater” of the pandemic. April was ...Deep Dive: How AI Can Help QSRs Profit By Quashing Fraud And Keeping Customers Satisfied
Friday 20th November - 7:45 am
Restaurants are facing pressure to meet customers’ demands for improved convenience and personalization as well as touch-free ordering and payment methods as the COVID-19 pandemic maintains its grip on the ...Old School, New School: TCU Pairs AI And Outreach To Personalize Members’ Experiences
Thursday 19th November - 4:01 am
Credit unions (CUs) have been riding high in recent years, with one October report finding that global CU membership hit an all-time high of 291 million last year.
The space has ...Combatting SIM Swaps And Other Swindles With Secure Digital Identity
Wednesday 18th November - 10:00 am
We’re all so digital at this point that we practically dream in ones and zeros. Strange that many banks and financial institutions (FIs) have yet to avail themselves — and ...Deep Dive: How Biometrics Help Telecommunication Companies Fight Onboarding Challenges, SIM Swap Fraud
Tuesday 17th November - 7:45 am
Consumers’ ownership of smartphones has become all but ubiquitous in the U.S.
More than three-quarters of Americans carry a smartphone, with average users checking their devices 58 times a day. This ...Authentication Creates Opportunity To Solve FIs' $1 Trillion Fraud Problem
Tuesday 17th November - 4:01 am
The great digital shift has created a host of problems for banks — 1 trillion problems to be exact.
As reported by PYMNTS, more than half of all bank customers in ...NEW DATA: 43M Consumers Are Holding Out On Mobile Banking Apps — How Banks Can Change Their Minds
Tuesday 17th November - 4:00 am
Consumers’ banking habits have changed radically since the pandemic was first declared in March.
Not only are many account holders visiting brick-and-mortar branches less often than they did before the pandemic, ...The Rise Of Digital Technology In Retail And Authentication
Monday 16th November - 11:00 am
Dillard’s surprised the department store industry by posting a profit as it rode cost controls and inventory management. In eCommerce, Walmart’s ability to keep capturing the digital shift and expand in the digital-first economy will be ...How US Mobile Leverages Digital Identity To Protect Against SIM Swap Fraud
Monday 16th November - 8:45 am
Exploiting stolen information to convince cell providers to migrate victims’ phone numbers to new SIM cards has become a common tactic for bad actors to sidestep digital ID authentication measures. ...KeyBank On Fighting APP Fraud During The COVID-19 Pandemic
Monday 16th November - 7:45 am
Fraudsters are preying on consumers’ anxieties by turning to authorized push payment (APP) fraud for COVID-19-related schemes. Deploying multiple fraud prevention tactics is therefore a must if banks hope ...
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