Issues with digital identity authentication can get in the way of consumers’ financial goals. Problems with a user’s digital identity could prevent them from being approved for bank loans, buying a car or making any other expensive purchase.
The new Digital Identity Tracker™ follows the latest efforts to raise the digital identity protection bar, enabling faster access and purchases at sports stadiums.
Tech giant Apple recently released a new way to keep credit card numbers away from the prying eyes of cybercriminals. Apple’s new offering, a biometric credit card, comes with security features that make fraud difficult for bad actors. That’s because the card features dynamically change security codes, making it nearly impossible for thieves to use stolen data effectively. The card also prevents fraud by using biometric security solutions, like Touch ID and Face ID, which are available in newer iPhone devices.
The academic world is getting more aggressive about identity protection as well. Testing center company Pearson VUE recently began raising its verification protocols by requiring test-takers to scan a driver’s license or government-issued ID as they check in for exams. The scan is then compared against data from the service provider’s identity document library. The company sees the solution as an effort to prevent fraud during major academic exams, like the ACTs or SATs.
In New Zealand, digital identity company Sphere Identity launched a new tool aimed at providing customers with greater control over their digital identities. The new service enables businesses to securely onboard customers with a single click to comply with know your customer (KYC) regulations. Meanwhile, consumers can use a mobile app to store their documents, which can prevent them from entering their data on different forms multiple times.
Deep Dive: Keeping Online Gaming Age-Appropriate
Even digital gaming platforms need to stay vigilant on the digital identity front. This is especially true as online games grow in popularity, and as real-world currencies are used to make in-game purchases. Regulators, in particular, are worried that these platforms could become fertile ground for money laundering and fraudulent activities.
This month’s Tracker includes a Deep Dive that outlines how gaming companies are taking digital authentication to the next level.
The digital ecosystem is not the only area embracing new authentication solutions. A growing share of professional sports arenas are putting biometric solutions to work to verify visitors’ ticket status, and even process payments at concession stands.
For the April feature story, Zach Hensley, vice president of venue operations and guest experience for the Seattle Seahawks and CenturyLink Field, and Ed O’Brien, head of sports for business development and partnerships at biometric solutions provider CLEAR, discuss how the technology is reinventing some long-held sports venue traditions.
About the Tracker
The Digital Identity Tracker™, a Jumio collaboration, is a forum for framing and addressing key issues facing entities in the digital identity space. It highlights news and trends pertaining to those charged with efficiently and securely identifying — and granting permission to — individuals so they can access, purchase or transact.