Sam Altman’s digital ID firm, World, is reportedly bringing its eye-scanning tech to the U.K. As the Financial Times (FT) reported Sunday (June 8), the goal is to let people in Great Britain access verification services the company argues are critical for distinguishing between human...
OneSpan announced Thursday (June 5) its acquisition of Nok Nok Labs, a provider of FIDO passwordless software authentication solutions. OneSpan said joining forces with Nok Nok enables the company to provide customers worldwide with a comprehensive authentication portfolio, available on-premises or in the cloud. This...
Millions of bank credentials have been exposed by the recent Coinbase hack, and they’re available on the dark web. Elsewhere, millions of neobank accounts lay dormant, and can act as havens for fraudsters. For financial institutions and merchants, the challenge lies in validating bank accounts,...
Back in 1999, payment networks introduced the first version of the 3-D Secure authentication protocol, which sought to add security to online credit card transactions. 3DS 1.0, as it is now known, required cardholders to authenticate their identity before completing a purchase. Ben Dominguez, executive...
ACH operator Nacha has teamed with ValidiFI to bolster bank account validation on its Phixius payments platform. The collaboration, announced Sunday (April 27), is designed to expand the coverage of account validation data for Phixius users. “Phixius provides the connective tissue to reach multiple account...
Bank account and payment intelligence firm ValidiFI has begun offering new authoritative bank account verification capabilities. It’s part of an expansion of the company’s vAccount+ suite, designed to give companies greater coverage and accuracy when conducting account verifications, the company announced Thursday (April 17). “Expanding...
Trustly will begin piloting a biometric solution in Finland this month and then roll it out across other European markets. The solution, Trustly ID, allows customers to verify their identity through their bank, choose to be remembered for future logins, and then log in and...
The convergence of ACH, open banking and account validation has the potential to make transactions more secure — and faster — as instant payments gain ground in the U.S. The consumer-permissioned data from those payments, in turn, gives banks the insights they need for better...
As enterprises and treasurers integrate with banks to digitize anti-money laundering and know your customer processes, the onboarding process might typically be thought of as the initial moments of interaction. But Jason Marason, vice president of innovation at EvonSys, told PYMNTS that for banks, the...