Identity verification platform Trulioo has unveiled new person-matching capabilities. The launch, announced Thursday (Aug. 24), gives companies an alternative to working with multiple vendors to verify identities using personally identifiable information (PII) and identity documents. “A piecemeal approach to person matching through multiple vendors has been a necessary...
Mega-retailer Amazon’s scaled-up rollout of its pay-by-palm technology, One, a month after its announcement, may not be the first offering of such technology, but the sheer number of stores receiving One at once may make it the most ambitious. This ambition is simply responding to consumer demand, however, as “Consumer Authentication...
Consumers may be stuck using the outmoded authentication system, but most prefer more sophisticated methods. Traditional use of passwords currently remains the most prevalent method for digital activities, despite recent advances in online data authentication. The PYMNTS collaboration with Entersekt, “Visible and Invisible Security: Perceptions...
China wants its businesses to think twice before using facial recognition technology. The country’s Cyberspace Administration (CAC) on Tuesday (Aug. 8) introduced draft regulations calling for limits on facial recognition and proposing instead the use of non-biometric means to identify people. “The use of face recognition technology to process...
When it comes to authentication, consumers increasingly trust and prefer the biometrics afforded by smartphones to protect their identities. But although they love this seamlessness, consumers also want to see security measures at work. “Consumer Authentication Preferences for Online Banking and Transactions,” a PYMNTS and...
As fraudsters grow more sophisticated, so too must the fraud defenses of eCommerce sites and other operators who sail the shark-infested waters of digital commerce. We explore aspects of the fraud fight in “Combating Online Fraud With Digital Identification,” a PYMNTS and Prove collaboration, and part...
Experian has expanded its real-time income and employment verification offering. The enhancement enables consumers to provide permissioned access to their payroll accounts and share information directly from their employers’ payroll service, the global information services company said in a Wednesday (July 19) press release. “With...
Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, recently told PYMNTS that open banking can — and will — give rise to empowered consumers, and take the tedium out of online commerce. We’ve gone from an environment where one carried physical...
Mashreq has launched electronic facial recognition (EFR) technology to facilitate the onboarding of large corporate clients. With the implementation of this technology, UAE-based large corporate banking clients can open bank accounts in an entirely paperless onboarding process, Mashreq said in a Wednesday (July 5) press release....