PayPal has announced plans to replace passwords with passkeys, adding a new level of security while catering to a growing cohort of consumers who want password-free commerce. “Passkeys are a new industry standard created by the FIDO Alliance and the World Wide Web Consortium that...
People in South Korea will soon be able to have their identification digitally embedded into their smartphones and secured on the blockchain, a move by the government intended to boost the economy by leveraging the country’s large tech-first population. Smartphone-implanted IDs would replace existing ID...
PNC Bank will partner with cloud banking software company Blend, in order to digitize the mortgage application process, a press release said. Customers will now be able to apply digitally for a mortgage and import bank or payroll information, through providing the right credentials. The...
3DS 1, 3DS 2.1, 3DS 2.2. These acronyms should be crowding merchants’ minds as fines loom this fall for those who are not in compliance with the latest version of the 3D Secure protocol for authenticating eCommerce card transactions. But the state of readiness for...
Next-generation facial biometric technology has the ability to speed up verification, detecting a real person in seconds. Global digital identity verification and authentication provider Onfido introduced a new solution for its recently-released Real Identity Platform to deliver seamless, secure, and inclusive customer verification, according to...
Wessel Matthee, information security compliance manager at Entersekt, told PYMNTS that through the past few years, there’s been a shift in the ways in which fraudsters try to steal personally identifiable information (PII). Phishing scams were the lure of choice before the pandemic, he said....
Digital agreements security company OneSpan and electronic identity company BankID have expanded their partnership to extend digital identity protection covering cross-border transactions to all Norwegian banks. The partnership will bring together an array of digital identity solutions at BankID, which is an electronic ID for...
Merchant management platform IRIS CRM and its parent NMI have unveiled updates to their payment gateway boarding integration. According to a Tuesday (Aug. 23) news release, these updates will “consolidate workflows and greatly reduce time to processing for merchants, making it the first and only...
“Historically, the financial services industry has been plagued by paper and offline spreadsheets,” Patrick Nealon, vice president of strategy at Fidel API, told PYMNTS in a recent interview. “But we’re moving toward automation of those tasks through secure connections between FIs and software developers.” While...