Air travel players have learned first-hand during the pandemic that many of the industry’s long-standing verification practices could use a 21st-century upgrade. In the Digital Identity Tracker, the TSA’s Jason Lim explains how biometrics and government-backed digital ID solutions such as mobile driver’s licenses can...
With the rapid rise of food delivery services has come the concurrent rise of food delivery fraud. In fact, as noted in the October Digital Identity Tracker, a PYMNTS and Jumio collaboration, consumers lost $56 billion to identity fraud last year with stolen credentials for...
When logging in to perform a business transaction, consumers prefer modern authentication approaches. They often consider the username and password method and knowledge-based authentication (KBA) measures to be clunky. A new study, the Monetizing Digital Intent Tracker, a PYMNTS and Neuro-ID collaboration, found that usernames and passwords are used by...
Quickly and easily identifying consumers online is critical for any entity conducting business on virtual channels, especially financial institutions (FIs), government entities and merchants. Determining the identities of their users with the necessary speed and security is becoming more and more difficult in a world...
With each passing day, passwords are looking more and more like a relic of the digital past. Consumers are growing less confident in this method of access to online devices and accounts, which is driving companies to get serious about trading hackable passwords for biometrics....
Picture, for a moment, the biometrics you might use every day — perhaps every time you unlock your phone. The thought of bias — exclusion based on race or gender identity — might not enter your mental picture. And why should it? After all, the...
Global identity verification firm Trulioo is launching an expanded service, with U.S. student records added to the company’s GlobalGateway marketplace supporting compliance, know your customer (KYC), and anti-money laundering (AML) solutions, according to a press release on Tuesday (Dec. 7). With the new service, Trulioo...
Open banking relies on consumers’ consent for regulated third-party financial services providers to securely access their bank transaction histories. The model makes digital payments easier for consumers and means that banks and third-party organizations can transform information into personalized financial advice or recommendations, such as...
Remote onboarding and identity verification continue mushrooming through the phases of the pandemic and with all that convenience come key legal issues that must be quickly resolved. Unattended retail (UR) checkouts and automated kiosks are two gleaming expressions of the digital shift, and as the...