PYMNTS-MonitorEdge-May-2024

digital ID

Digital IDs can be authenticated over digital channels, also known as digital certificates, that use a digital signature to bind together a public key with an identity. Digital Identity is information on an entity used by computer systems to represent an external agent. That agent may be a person, organization, application, or device. ISO/IEC 24760-1 defines identity as "set of attributes related to an entity".

Source: en.wikipedia.org

The RealReal Joins Digital ID Firm EON to Boost Luxury Resale Transparency
The RealReal Joins Digital ID Firm EON to Boost Luxury Resale Transparency
January 16, 2024  |  Retail

The RealReal has joined EON to make it easier for luxury customers to consign their goods. The collaboration between the luxury consignment brand and the...

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Cyberdefenses Must Keep Improving to Stay Ahead of Fraudsters
Cyberdefenses Must Keep Improving to Stay Ahead of Fraudsters
September 26, 2023  |  Security & Fraud

As attractive as innovative new technologies appear, it’s important to remember they are just tools.  And any tool, when in the wrong hands, can also...

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SpyCloud Secures $110 Million Funding to Strengthen Digital Identity Protection
SpyCloud Secures $110 Million Funding to Strengthen Digital Identity Protection
August 23, 2023  |  Investments

SpyCloud has secured $110 million in a growth round of funding to expand globally and enhance its authentication bypass prevention solutions, further fortifying digital identities against...

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Snapshot-to-Digital IDs and Private Passes Expand Google Wallet’s Role as Credentials Hub  
Snapshot-to-Digital IDs and Private Passes Expand Google Wallet’s Role as Credentials Hub  
June 01, 2023  |  Payment Methods

General-purpose digital wallets started life in most parts of the world, including the U.S., as substitutes for physical credit cards at the point of sale...

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Yoti and Lloyds Banking Group Partner on a Reusable Digital Identity
Yoti and Lloyds Banking Group Partner on a Reusable Digital Identity
March 09, 2023  |  Security & Fraud

Lloyds Banking Group is supporting Yoti in developing a reusable digital identity solution. The support includes a £10 million (about $12 million) investment in the United Kingdom-based digital...

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PYMNTS Intelligence: Interest in Advanced Digital ID Growing to Address Convenience, Safety Concerns
PYMNTS Intelligence: Interest in Advanced Digital ID Growing to Address Convenience, Safety Concerns
February 14, 2023  |  Digital Identity

Consumers do not like waiting to access their accounts. According to PYMNTS’ research, nearly half of consumers have concerns about waiting a long time during identification...

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UK Sets Stage for Future Digital ID Legislation and Data Use
UK Sets Stage for Future Digital ID Legislation and Data Use
February 03, 2023  |  Regulation

The U.K. government is seeking public comment on how to make it easier to prove one’s identity online. Consumers can comment on the draft legislation...

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Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable Fraud
Digital ID and KYC Platforms Potent Weapons Against Accounts Receivable Fraud
February 03, 2023  |  Security & Fraud

 Not knowing who’s on the other side of the transaction is expensive.  As noted here last month, financial institutions (FIs) were fined nearly $5 billion for...

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Kenya Attempts to Breathe New Life Into Digital ID Scheme
Kenya Attempts to Breathe New Life Into Digital ID Scheme
January 30, 2023  |  emea

The Kenyan government is pushing for a nationwide digital ID scheme. But the years-long implementation so far has been beset with complications. The government’s attempts...

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