Lisa McFarland, executive vice president and chief product officer at Ingo Payments, told PYMNTS that authentication across digital channels requires a multi-pronged approach. At a high level in the digital age, as parties interact and transact online, “there’s the desire to know that you are,...
Payments increasingly exist and occur across a multifaceted, ever-evolving digital terrain. What this means is that a digital payment is never just a payment — it is a combination of contexts and identities, each of which needs to be anchored by an authentication protocol for...
Today’s financial fraudsters are more sophisticated, more agile, and more online than ever. With payments increasingly moving to electronic channels — along with the gateways supporting their transfer and settlement — the need for robust authentication measures has never been more critical. “Authentication is an...
Authentication in the payments space is continuously evolving. But one constant is that any innovation needs to strike a winning balance between enhancing security and improving user experience. “Identity theft, phishing and data breaches have all become more prevalent. So, more robust authentication has become...
After a pilot program in Australia and New Zealand, Tinder will be expanding its identity verification feature to users in the United States, the United Kingdom, Brazil and Mexico. The option aims to help users confirm the authenticity of profiles by verifying key information, such...
In recent years, the Asia-Pacific (APAC) region has emerged as a driving force in the digital payments space, with the region’s rapid technology adoption and changing consumer behaviors positioning it as a crucible for innovative payment solutions. “In 2023, we saw QR codes and digital...
Bumble is employing artificial intelligence (AI) to ensure its dating profiles aren’t, well, artificial. “Our most recent research made one thing very clear: our members are anxious about the authenticity of their matches,” the company said Monday (Feb 5). “Worldwide, respondents cited fake profiles and the risk...
Clerk, a developer tools company providing a React-friendly authentication solution, has secured $30 million in Series B financing to expand its services into authorization. The funding round was led by CRV, with participation from Stripe and existing investors Andreessen Horowitz and Madrona, Clerk said in a Tuesday (Jan. 23) press release. Clerk’s...
With more consumers looking to find bargains on groceries, Costco is trying a new, more prohibitive membership verification process. The warehouse club giant is testing out a system whereby consumers must scan their membership card upon entry to the store at a handful of locations,...
