PYMNTS-MonitorEdge-May-2024

biometrics

Oura Acquires Proxy to Expand Into Payments and Authentication
Oura Acquires Proxy to Expand Into Payments and Authentication
May 09, 2023  |  Biometrics

Oura has acquired Proxy in a bid to expand into payments and authentication. The acquisition adds Proxy’s digital identity signal platform to Oura’s lineup of...

READ MORE >
71% of Gen Z Consumers Prefer Banking via Smartphone for Security
71% of Gen Z Consumers Prefer Banking via Smartphone for Security
May 04, 2023  |  Security & Fraud

As smartphone security measures like biometrics become more advanced, more consumers feel safe conducting financial transactions via mobile, including over half of seniors and baby...

READ MORE >
Meta Vows to Fight as FTC Proposes New Privacy-Related Restrictions
Meta Vows to Fight as FTC Proposes New Privacy-Related Restrictions
May 03, 2023  |  Regulation

The Federal Trade Commission (FTC) has proposed several restrictions on Meta. Saying the firm has violated a 2020 privacy order issued when it was still...

READ MORE >
Fraud Detection Firm BioCatch Adds Permira to Investors List
Fraud Detection Firm BioCatch Adds Permira to Investors List
May 03, 2023  |  Security & Fraud

BioCatch says investment firm Permira has acquired a “significant” stake in its fraud detection company. The company, which has offices in New York and Tel...

READ MORE >
What Experts Say It Takes to Stem the $49 Billion Rising Tide of Card-Not-Present Fraud
What Experts Say It Takes to Stem the $49 Billion Rising Tide of Card-Not-Present Fraud
April 25, 2023  |  Security & Fraud

The physicality of face-to-face commerce has put a huge dent in fraud. Or at least some types of fraud. EMV chips have made it hard...

READ MORE >
Multifactor Authentication May Be Bridge Between Biometrics, Passwords
Multifactor Authentication May Be Bridge Between Biometrics, Passwords
April 24, 2023  |  Authentication

Until more advanced security goes mainstream, an already accepted method may fill the gap.  Consumers are more security-savvy than ever, especially when it comes to fraud prevention...

READ MORE >
PopID Adds Palm Verification to Biometric Platform
PopID Adds Palm Verification to Biometric Platform
April 20, 2023  |  Biometrics

PopID now enables palm verification as well as face verification. The firm has partnered with PalmID to add the palm option to its platform for...

READ MORE >
LifeWallet Tackles Healthcare Sector’s ‘Antiquated Technologies’
LifeWallet Tackles Healthcare Sector’s ‘Antiquated Technologies’
April 05, 2023  |  Healthcare

Healthcare reimbursement firm LifeWallet has debuted several upgrades to its system. The new enhancements, announced in a Wednesday (April 5) press release, include a new...

READ MORE >
Trust and Data Give Credit Unions a Cost-Effective Edge When Fighting Fraud, Says PSCU
Trust and Data Give Credit Unions a Cost-Effective Edge When Fighting Fraud, Says PSCU
March 30, 2023  |  Security & Fraud

For financial institutions — credit unions, especially — fighting fraud is a nuanced battle. Karen Postma, managing vice president of risk analytics and fraud services...

READ MORE >