Passwords — and even one-time passcodes (OTPs) — render us vulnerable to fraudsters, which has always been so. The fraudsters are stepping up their attacks as we live more of our lives than ever online. Gerhard Oosthuizen, chief technology officer at Entersekt, and Mike Storiale, vice president,...
SmartMetric has launched a biometric security solution for credit and debit cards. The solution features biometric fingerprint recognition technology built into the card to recognize the cardholder and turn on the card’s EMV contact and contactless payment chip, SmartMetric said in a Tuesday (June 27) press release....
Digital identity provider Socure has paid $70 million to buy document verification startup Berbix. The cash and stock transaction, announced Tuesday (June 27), allows Socure to integrate Berbix’s technology and unveil its Predictive Document Verification (DocV) 3.0 solution. Based in San Francisco, Berbix offers a patent-pending forensics engine that...
As restaurants look to meet consumers’ demand for quick, convenient payments with stored credentials — and to gather more consumer data in in-store transactions — more brands are trying out biometric payments. Casual dining chain Steak ‘n Shake is the latest to test the technology. The restaurant...
Plaid now enables consumers to verify their identity across all Plaid-powered apps and services. The open banking platform has modified its Identity Verification product so that previously verified users can sign up for additional digital finance apps without repeating the entire identity verification process, Plaid Head of Identity Alain...
Authentication is crucial to ensuring the inner workings of today’s digital world keep moving seamlessly. That’s because authentication hiccups can hamstring an organization, resulting in lost sales and costly customer churn. A core component of both cybersecurity and organically scalable software access, frictionless identity and...
Trulioo has debuted expanded versions of its know your customer (KYC) and know your business (KYB) identity verification tools. The updates include expanded geographic coverage, “localization and enhanced artificial intelligence” (AI) to help companies streamline their individual and business verification, according to a Tuesday (June 6) news...
Mastercard is expanding its European open banking capabilities with a new account owner verification tool. The company’s verification solution, announced Tuesday (June 6) in a news release provided to PYMNTS, is being rolled out in tandem with a partnership with Algoan, a French credit decisioning...
In a world where online commerce continues its inexorable rise, authentication and transaction processes have become more critical than ever. Delegated authentication has the potential to revolutionize the way we prove ourselves online. However, there are several challenges that need to be addressed before an...