Fraud against banks and their customers is on the rise, according to a February 2025 report from PYMNTS Intelligence and Arculus from CompoSecure, with 87% of institutions reporting increases in stolen or falsified credentials over the past year. Stolen credentials account for 41% of fraud the...
While digital identity crimes are an ever-present threat, fake physical IDs have never gone away. And as The New York Times (NYT) reported recently, these IDs — long-prized by underage folks who want to hit the bars before they’re legally allowed — are only growing...
As banking fraud unfolds, financial institutions (FIs) are challenged to protect customer data and provide pleasant customer experiences. The rise in credential theft has sparked interest in solutions like tap-to-authenticate metal payment cards, which are embedded with chips and let users authenticate by tapping the...
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 they need to improve their decision making, ward off would-be fraudsters and inform credit...
Entrust has added artificial intelligence (AI)-powered verification to its identity-as-a-service (IDaaS) platform. The new offering, announced Tuesday (Jan. 21), is being introduced to respond to increasingly advanced forms of identity fraud. “In response to these threats, Entrust IDaaS now includes AI-driven biometrics, phishing-resistant passwordless multifactor...
Financial institutions (FIs) can be thought of as the gatekeepers in online commerce. In today’s environment of rising fraud, criminals are using advanced technologies to impersonate legitimate consumers. Yet, FIs continue to rely on rules-based systems to authenticate account holders, using old-school static information (passwords...
TikTok’s existential crisis is seemingly over — the platform went dark for only a matter of hours this past weekend. And so, the millions of creators and viewers around the world have resumed their love affair with the social media platform. While the ultimate fate...
Trustly will soon roll out an enhanced version of Pay N Play, the company’s user-onboarding technology for gaming operators. The new version of Pay N Play is expected to reduce players’ average login time from 48 seconds to less than 10 seconds, combine logins and...
Identity verification firm Prove has acquired fellow digital identity company Portabl. The deal, announced Tuesday (Jan. 14), gives Prove access to Portabl’s offerings including the company’s specialty: reusable ID verification and networks. “Think back to the last time you signed up for a new online...