The conventional misconception surrounding 3DS — short for three-domain secure — the security protocol that debuted more than 20 years ago, is that it’s a “conversion killer” for online merchants. In an interview with PYMNTS, Jeff Hallenbeck, head of financial partnerships at Forter, said the...
The FTC says increased use of biometrics raises “significant” concerns about security, privacy and discrimination. In a policy statement published Thursday (May 18), the Federal Trade Commission (FTC) defines biometric information as data that depicts or describes physical, biological or behavioral traits, characteristics or measurements of or...
Identity verification firm Prove has teamed with Visa to speed up customer onboarding. The partnership, announced Wednesday (May 10), gives Visa clients access to Prove’s Pre-Fill identity verification solution, which lets customers opt into pre-filling registration forms. “Today’s consumers expect signing up for a new account to take just seconds —...
Oura has acquired Proxy in a bid to expand into payments and authentication. The acquisition adds Proxy’s digital identity signal platform to Oura’s lineup of smart rings that deliver health data, insights and guidance, the companies said in a Tuesday (May 9) press release. “We...
Until more advanced security goes mainstream, an already accepted method may fill the gap. Consumers are more security-savvy than ever, especially when it comes to fraud prevention in banking. They also have more choice in primary financial institutions (FIs) than ever, from traditional banks to full-on FinTechs...
PopID now enables palm verification as well as face verification. The firm has partnered with PalmID to add the palm option to its platform for using consumer-initiated biometric verification for digital interactions and payments, PopID said in a Thursday (April 20) press release. “We believe...
B2B app platform Relish has added GIACT solutions to validate and authenticate bank information. With this partnership, Relish will enhance the supplier data onboarding and cleansing process, the B2B app development and platform company said in a Wednesday (April 12) press release. “Partnering with GIACT...
PayPal has begun rolling out passkeys for Google Android devices. The rollout has begun with Android mobile web users in the United States and will expand to more users over the next 12 months, PayPal said in a Thursday (March 23) press release. “Once a...
J.P. Morgan says it will begin testing biometric-based payments at some U.S. retailers. The pilot program, announced Thursday (March 23) includes palm and face identification to approve in-store transactions and comes at a time when consumers are increasingly embracing biometrics for authentication. “J.P. Morgan Payments’...