Digital bank Mashreq NEO, based in the United Arab Emirates, is letting residents open bank accounts with facial recognition technology, the Khaleej Times reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
ID verification provider ComplyCube on Tuesday (Oct. 12) debuted a multi-bureau verification service that features comprehensive credit agency data, government sources and propriety databases and uses artificial intelligence (AI)-powered screening to improve match rates, reduces false positives and accelerates customer onboarding. Get the Full Story...
Digital identity verification solutions have advanced so far and fast that they’re now a staple within the technology arsenal of most consumer-facing organizations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
When hackers stole cryptocurrency from the accounts of 6,000 Coinbase customers between March and May of this year, the trading platform said the perpetrator used a familiar method: phishing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Customers flocked to online channels to access the goods and services they needed during pandemic closures, and research shows they have no plans to change their new habits upon returning to pre-pandemic conditions. Global consumers created 15 new online accounts each during the health crisis...
Telling good transactions from bad is tough when customers are scammed into validating fraudulent payments. In the Authenticated Payments Report, HSBC’s Drew Douglas explains how financial institutions can use artificial intelligence (AI)-powered analytics and customer-facing transaction notifications to avert these social engineering attacks.
Businesses around the world are going through a digital transformation to build more efficient digital channels. But in doing so, they are potentially exposing themselves to new risks of fraud. As professional cybercriminals adapt to catch up with the best fraud detection models, businesses have...
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The massive deluge of eCommerce is not without its drawbacks — more than $440 billion of drawbacks to put a number on it if you add up all the would-be purchases that get thwarted due to erroneous credit and identity screening. Get the Full Story...
