WEX has selected Trulioo Document Verification and Biometrics to handle the know-your-customer (KYC) process for its European fuel card customers. With this move, WEX will replace manual processes while enhancing onboarding and mitigating fraud, the companies said in a Wednesday (Aug. 27) press release emailed...
Handwave has raised $4.2 million in a seed round to launch its palm-based authentication method across Europe and the United States. The company’s technology enables payments, age verification and loyalty programs to be done “with one wave of a hand,” according to its website. “Using...
The Treasury Department has debuted rule changes designed to help banks maintain compliance. The department’s Financial Crimes Enforcement Network (FinCEN) issued an order Friday (June 27) that allows banks to collect tax identification number (TIN) information from a third party rather than from the financial...
Experian added Mastercard’s identity verification and fraud prevention technology to its Ascend analytics platform. The collaboration will bolster identity verification services for the more than 1,800 Experian customers using Ascend, in industries such as financial services, automotive, health and digital marketing, helping them prevent fraud...
ValidiFI’s instant bank account validation solution, vAccount, is powering a new bank account validation function that credit union service organization Velera offers its clients. This solution helps optimize the member onboarding and application processes by providing real-time bank account validation, improved efficiency, enhanced fraud protection...
The United Arab Emirates (UAE) is solidifying its position as a global leader in digital shopping, with more consumers relying on mobile devices for their retail transactions. Biometrics are gaining widespread acceptance as a way to make sure that transactions are seamless and secure. This...
As cyberthreats scale in both volume and sophistication, enterprises are being forced to reevaluate the assumptions of digital security. In the midst of this reformation, protecting one of the most overlooked but vulnerable parts of the enterprise, disconnected applications, is becoming crucial. For financial institutions,...
Persona and Yardstik have partnered to deliver a jointly integrated identity verification and background screening solution that enables organizations to verify workers’ identities. This solution brings together Persona’s verified identity platform and Yardstik’s full suite of background screening products, the companies said in a Tuesday (June 17) press release. Their...
Digital identity has always been a thorny challenge. However, in today’s world, the enigma of who is who when it comes to security-critical operations like commerce, banking and payments, has grown more complex and the challenges arguably more unimaginable. The problem is the greatest threat...