Streamlined digital account opening is a must-have for all financial institutions (FIs). A critical step in that process is the login experience, for which customers increasingly require speed and security. The need for a seamless experience is crucial, as incorrect password attempts cause consumers to...
Accelitas has added Fiserv’s real-time data to its bank account validation (BAV) solutions. With this data from the global provider of payments and financial services technology solutions, Accelitas’ BAV solutions will help businesses grow while creating less friction for the customers, the companies said in...
The European Union’s new electronic identification regulation is being criticized on multiple fronts. Designed to supersede the 2014 electronic identification and trust services (eIDAS) regulation, the European Commission proposed a revised eIDAS (eIDAS 2) in 2021 with the goal to give internet users more control...
Airbnb will soon ask customers to verify their identity before booking a reservation. In an interview with CNBC Friday (Feb. 3), Airbnb head of operations Tara Bunch said that while 80% of the company’s bookings already feature identity verification as an option hosts can request,...
Leveraging connected ecosystems is key for businesses looking to streamline authentication processes across channels. In the absence of these ecosystems that leverage partner strengths, Melanie Ockerse, director of channel partnerships Europe at Entersekt, said clients and partners would have to deal with multiple vendors, implementations and...
Identity security firm Trulioo has unveiled a global identity platform for personal and business verification. As the company noted in a Tuesday (Jan. 31) news release, the launch comes as a surge in eCommerce, mobile payments and digital currencies offers businesses chances for innovation and...
123Loadboard has added carrier identity verification to its freight matching platform. This new feature streamlines and accelerates digital freight booking by enabling brokers and shippers to immediately determine if a carrier is a verified, legitimate business partner, 123Loadboard said in a Tuesday (Jan. 31) press...
The traditional password remains the most common authentication method modern consumers use for online transactions. This, as new PYMNTS and Entersekt research in the January “Consumer Authentication Preferences for Online Banking and Transactions” report revealed that for most, they wish it weren’t. The contemporary digital banking...
Most consumers would choose “anything” besides password-driven account authentication, but overwhelmingly still have to use them. Don’t blame them, though. Customers would if they could. The most recent PYMNTS/Entersekt collaboration, “Consumer Authentication Preferences for Online Banking and Transactions,” highlights the divide between how customers want...