March 28, 2024
Retailers Add Tech to Meet Consumer Demand for Biometric Authentication

With consumers looking for more frictionless authentication, retailers ranging from Whole Foods to Steak ’n Shake are adding biometric payments. Amazon has been looking to remove friction from its Amazon One pay-by-palm capability, most recently launching an app to...

March 28, 2024
White House Implements New AI Safeguards to Protect Rights and...

In a move to regulate the expanding use of artificial intelligence (AI) in federal agencies, the White House has announced stringent measures aimed at safeguarding Americans’ rights and ensuring safety....

March 28, 2024
Microsoft Launches Measures to Keep Users From Tricking AI Chatbots

Microsoft unveiled tools to prevent users from tricking artificial intelligence chatbots for malevolent purposes. The tech giant rolled out a series of offerings for its Azure AI system, including a tool to block...

March 28, 2024
FinCEN Seeks Comments on Modernizing Customer Identification Program Requirements

The Financial Crimes Enforcement Network (FinCEN) requested comments on its Customer Identification Program (CIP) requirements for banks. The agency is exploring ways to modernize these requirements and has issued a request for information on...

March 28, 2024
US Pledges $10 Million Reward in Hunt for UnitedHealth Hackers

Last month, a hacker group known as ALPHV BlackCat attacked the U.S. healthcare system. Now, the federal government is offering a $10 million reward to help identify the people behind the organization....

March 28, 2024
Digital Wallets Need to Remove Frictions to Increase Usage for...

Digital bill payment has become routine for most consumers, offering them extensive firsthand experience with the frustrations and challenges with these payments. Fraud, friction, limited payment options and slow payment...

March 28, 2024
Digital Shift Helps Banks Tailor Credit Offers to Consumers

For decades, consumer expectations around the convenience and always-on capabilities of their financial services could not be met. The typical Monday-through-Friday banking hours and 4 p.m. branch closings have made...

March 27, 2024
Dwolla Taps MX for Account Verification, Aggregation Solutions

Dwolla has expanded its partnership with MX Technologies to help enterprises manage money movement. The company’s recently launched open banking services include bank verification and balance check capabilities powered by MX’s instant account...

March 27, 2024
Rise of Synthetic IDs Demands New Approaches to Identity at...

The synthetic ID — the online identity concocted through bits and pieces of information gleaned from far-flung sources, cobbled together by fraudsters — is wreaking havoc. TransUnion found in its...