Authentication/page/2 news and trends

ValidiFI: Cross-Referencing Identity Elements Helps Spot Fraud Risk
Security & Fraud // December 19, 2024

Consumers who initially appear low risk based on basic bank account validation may be revealed to be fraudsters when analyzed with additional signals and insights, ValidiFI found in a report released Thursday (Dec. 19). A comprehensive cross-referencing of phone, email, address and other identity elements...

QR Codes Are Everywhere — But Are They Safe for Payments?
Security & Fraud // December 18, 2024

QR codes have become a common feature in retail, marketing and payment systems, changing the way businesses engage with consumers while offering convenience and efficiency. As the adoption of QR codes has surged, so too have concerns about their security. Experts in the cybersecurity and...

Metal Cards Carve Out Place as Consumer Defense Against Fraudsters
Authentication // December 04, 2024

There’s still a place for the card — the tangible, physical card — in consumers’ wallets. In fact, Adam Lowe, Ph.D., chief product and innovation officer at CompoSecure/Arculus, told PYMNTS that metal cards hold allure for premium customers and can be a first line of defense against...

ID.me Valued at $1.8 Billion Following Tender Offer
Identity // November 25, 2024

ID.me has reportedly been valued at $1.8 billion following a tender offer. That’s up from $1.73 billion two years ago, Bloomberg News reported Monday (Nov. 25), citing a source familiar with the matter. The transaction was led by new investor Ribbit Capital, with existing investors Viking Global Investors...

Interviews & Exclusives
Digital ID Verification Reduces Stadium Entry Wait Times by 68%

December 26, 2024
Digital identity verification and blockchain-based ticketing are helping stadium operators enhance the fan experience by letting them spend less time waiting in lines and more time at the event they came to see. Some of the latest solutions and their benefits are outlined in the PYMNTS Intelligence report “Novel ID Verification Technologies in Stadiums Can […]

Metal Cards Carve Out Place as Consumer Defense Against Fraudsters

December 04, 2024
There’s still a place for the card — the tangible, physical card — in consumers’ wallets. In fact, Adam Lowe, Ph.D., chief product and innovation officer at CompoSecure/Arculus, told PYMNTS that metal...

Digital Identities, Wallets and Tokens Give Consumers Passports to Commerce

November 25, 2024
The concept behind tokenization is straightforward. Sensitive data (often personal information) is replaced with a non-sensitive, digital representation (token). The simple concept is helping secure consumers’ identities, crafting a digital...

Account Verification Becomes Critical Factor in Cross-Border Payments

October 28, 2024
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...

Quick Reads
ValidiFI: Cross-Referencing Identity Elements Helps Spot Fraud Risk

December 19, 2024
Consumers who initially appear low risk based on basic bank account validation may be revealed to be fraudsters when analyzed with additional signals and insights, ValidiFI found in a report released Thursday (Dec. 19). A comprehensive cross-referencing of phone, email, address and other identity elements against bank account data can spot fraud patterns missed by […]

ID.me Valued at $1.8 Billion Following Tender Offer

November 25, 2024
ID.me has reportedly been valued at $1.8 billion following a tender offer. That’s up from $1.73 billion two years ago, Bloomberg News reported Monday (Nov. 25), citing a source familiar with the matter....

Mastercard to Shift to Tokenization and Biometric Authentication by 2030

November 13, 2024
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,...

Visa and Tencent to Launch Pay-by-Palm Solution in Singapore

November 08, 2024
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...