Stringent ID verification is crucial for online lenders to prevent fraudsters from using stolen identities to rip them off. This means lenders must utilize hard-to-falsify data, such as information pulled from customers’ credit reports. In this month's Digital Identity Tracker, PYMNTS spoke with POS lender...
Digital identities are gaining popularity across industries as businesses, services and other operations increasingly move online. Consumers are normalizing the use of digital identifiers, such as biometrics or passwords, rather than presenting physical identity documents like driver’s licenses or passports. Even services that have existed...
Payments is never boring these days, and that holds especially true as a new decade looms, new regulations are kicking in and merchants, card brands and payment services providers race to build more secure and efficient customer experiences. Get the Full Story Complete the form...
Five years ago, a merchant might have been able to rely on consumers being patient with a digital commerce experience that was less than perfectly smooth. The technology was still emerging and was still something of a work in progress. Today, that door is pretty...
Digital identity verification can come with privacy concerns. Using facial recognition technology and other biometric data is still controversial, but privacy concerns can also swing in the other direction. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The World Bank estimates that there are approximately 1.1 billion individuals worldwide without basic ID credentials — a significant obstacle when attempting to access essential services such as healthcare or insurance — and 78 percent of them live in sub-Saharan Africa and Asia. Many governments...
Verifying the identity of a business quickly — and accurately — is critical when performing credit checks on SMBs. Yet, commonly used knowledge-based authentication (KBA) questions come with drawbacks. In this month's Digital Identity Tracker, PYMNTS talks with Caton Hanson, co-founder and chief legal officer...
As digital identities fast become a part of everyday life, the identity verification market is expected to reach $12.8 billion by 2024. Technology providers are exploring a range of solutions to seamlessly verify customers’ identities, with the biometrics market projected to reach more than $59...
Depending on your view, it might be a public health problem, a moral panic or something in between. However, no matter what you think of the illnesses and deaths related to vaping — and the Trump Administration’s apparent willingness to ban some vaping-related products — the news...
