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The convergence of payments and digital identity will define the next era of financial services, Entersekt Chief Technology Officer Gerhard Oosthuizen writes in a new PYMNTS eBook, “Headlines That Will ...

Mastercard and Smile ID plan to accelerate the rollout of secure digital identity solutions across Africa to enable enterprises to onboard new customers faster. The companies have extended their commercial partnership ...

Watch more: What’s Next In Payments: Trulioo, Hal Lonas In the digital economy, identity verification is everywhere, but standardization is rare. Bank customers face different hoops when opening an account. Shoppers log ...

Digital identity wallet ID.me raised $340 million across Series E financing, announced Wednesday (Sept. 3), and a credit facility, announced earlier. The latest financing values that company at over $2 billion, it said ...

Identity solutions firm Incode Technologies is acquiring fraud detection provider AuthenticID. The deal, according to a Tuesday (Aug. 19) news release, is aimed at tapping into a digital identity market projected to reach $116 billion by ...

Australian bank CommBank is adding two new defensive assets designed to help protect its customers from fraud, scams, financial crime and cyber threats. The launch of these assets builds upon earlier ...

As cyberthreats scale in both volume and sophistication, enterprises are being forced to reevaluate the assumptions of digital security. In the midst of this reformation, protecting one of the most overlooked ...

Digital identity has always been a thorny challenge. However, in today’s world, the enigma of who is who when it comes to security-critical operations like commerce, banking and payments, has grown ...

Sam Altman’s digital ID firm, World, is reportedly bringing its eye-scanning tech to the U.K. As the Financial Times (FT) reported Sunday (June 8), the goal is to let people in ...

Fraud is an adversarial game, and today’s fraudsters are exhibiting a level of organization that mirrors legitimate businesses. They follow schedules, deploy sophisticated technology, and coordinate attacks to exploit security loopholes. Take, ...

Sola Security has raised $30 million for its no-code, artificial intelligence (AI)-powered cybersecurity platform. The seed funding, announced Tuesday (March 11) as the company emerged from stealth, will allow Sola to ...

Decentralized digital identity solutions are becoming a cornerstone of cybersecurity. No one knows this better than some of the world’s biggest tech firms, like Microsoft and IBM, which are using digital ...

United Kingdom-based OneID raised over 16 million pounds (about $20 million) to grow its bank-verified digital identity service. The company will use its latest funding to enhance its product offering, expand ...

A bank account represents a direct connection to a business or consumer’s daily financial life. It holds all manner of data points that give lenders and payment service providers the information ...

The U.K. government said Tuesday (Jan. 21) that it will launch a GOV.UK Wallet later this year and then work to issue government-issued letters and identity documents virtually and make ...

The challenge for banks and supply chains of doing business online comes at the point of onboarding — the moment a relationship with an enterprise, particularly a small business, is ...

It’s only been for the last 443 years that the start of the new year was celebrated on January 1st.  For millennia before that, it wasn’t until late March and ...

Biometrics are increasingly being adopted for use at sports and other live events. The technology is being used to enhance ticketing, credentialing, and sales of concessions, merchandise and alcohol, BiometricUpdate.com reported ...

If trust between financial services firms, merchants and consumers is essential for commerce to take place, it’s a fragile bond. There are five main threats to that bond: credit risk; counterparty ...

One of the projects we were most proud of at PYMNTS Intelligence was our series produced with Google Wallet on the attitudes toward and usage of digital wallets. In short: ...

As we wrap up 2024, PYMNTS’ “What’s Next in Payments” series has provided insights from industry leaders on the current and future state of play for banking, payments and the ...

As payments become faster, fraudsters hide behind anonymity or concoct identities that seem legitimate, and then scam banks, merchants and individuals out of their money. Among the most effective ways of ...

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 ...

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 ...

Gen Digital plans to add financial wellness tools to its offerings by acquiring MoneyLion. The company entered into a definitive agreement to make the acquisition, which will add MoneyLion’s financial empowerment ...

The European Commission (EC) has adopted technical standards for cross-border European Digital Identity (eID) Wallets in the European Union (EU), saying this will help member states build their own wallets and ...

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 ...

Law enforcement is warning U.S. banks about the danger of AI-powered identity fraud schemes. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an alert Wednesday (Nov. 13) to help financial ...

What can blockchain technology do for financial services in a friendly regulatory environment? With a new president coming in 2025, the ecosystem is about to find out. Donald Trump has promised ...

As the Major League Baseball (MLB) postseason kicks off this week, the league hopes to expand its facial recognition entry program known as Go-Ahead Entry. “Go-Ahead Entry is a completely optional, ...

The promise of open banking is to foster a range of new products and services as banks link with FinTechs to use customer-permissioned data to tailor what they offer. Within open ...

There are over 8 billion people alive on earth, and their growing expectations around frictionless and secure digital experiences are continually transforming payments and commerce. Underpinning that is the emerging need ...

Emerging markets like Brazil and India are no longer just emerging. When it comes to advances like the digitization of financial services, these countries are frequently leapfrogging legacy landscapes from a ...

Google Wallet on Thursday (Sept. 12) unveiled enhanced features to improve the travel and commuting experience. Starting soon, per a Thursday Google blog post, U.S. users can create digital IDs from ...

First, digital wallets came for paper cash, credit cards and the leather billfold. Now, as they become more prevalent across end-users’ daily lives, gaining traction as a convenient and secure way ...

Fraudsters, like consumers, love a good deal. And the gig economy, estimated to be worth half a trillion dollars in 2023 and employing 38% of the U.S. workforce, is becoming ...

As artificial intelligence (AI) increasingly blurs the line between humans and machines in online commerce, researchers have proposed a new system to authenticate real users without compromising their privacy. In a ...

The Democratic Republic of the Congo has reportedly canceled what would have been one of the most expensive digital identity projects ever executed. The country canceled the $1.2 billion project amid warnings ...

In the wrong hands, digital footprints can turn into a blueprint for fraud. Particularly as identity theft proliferates and becomes more sophisticated, data breaches are increasingly turning personal and business information ...

Block is working with the U.S. government to promote the use of digital identity tools. The FinTech conglomerate announced Thursday (Aug. 29) that it was working with the National Cybersecurity Center ...

A new startup is addressing a significant challenge in artificial intelligence: enabling AI agents to independently manage financial transactions. San Francisco-based Skyfire has announced $8.5 million in seed funding from investors including ...

Biometrics firm IDEMIA has teamed with Samsung to bring mobile IDs to Iowa. The collaboration, announced in a news release Monday (July 22), allows Iowa residents to store their mobile ID ...

Consumers want what they want, how they want it. Consequently, when it comes to payments and commerce, businesses that can adapt to their needs and offer convenient ways to pay ...

The European Union (EU) is getting closer to rolling out its digital identity wallet. As the European Commission (EC) noted on its website recently, the wallet “will be a secure and ...

The U.S. State Department recently announced it is beta testing a public-facing program that enables would-be travelers to renew passports online. As of this week, people who want to renew their ...