With digital use soaring during the pandemic and fraud on the rise, new research shows the best weapon in the war against unwanted transactions might be as simple as taking a selfie. According to identity verification firm Jumio’s 2020 Holiday Fraud Report, the words “say...
New Jumio data indicates that new account fraud based on identity verification fell 23.2 percent globally in 2020 in contrast to 2019, according to an announcement from the identity verification and electronic know-your-customer (eKYC) provider. Jumio’s Holiday New Account Fraud Report’s fourth iteration looks into...
Credit wellness platform Credit Sesame has begun work with Trulioo, a global identification verification company, in order to boost services overall, according to a press release. Credit Sesame will be using Trulioo GlobalGateway in order to provide identity checks on users, helping to ensure legal...
We’re all so digital at this point that we practically dream in ones and zeros. Strange that many banks and financial institutions (FIs) have yet to avail themselves — and their account holders by extension— of the latest in digital identity verification tech. With mobile...
Consumers’ ownership of smartphones has become all but ubiquitous in the U.S. More than three-quarters of Americans carry a smartphone, with average users checking their devices 58 times a day. This overwhelming reliance on smartphones has generated record profits for major telecommunications companies, including AT&T,...
Exploiting stolen information to convince cell providers to migrate victims’ phone numbers to new SIM cards has become a common tactic for bad actors to sidestep digital ID authentication measures. In this month’s Digital Identity Tracker, PYMNTS talked to Ahmed Khattak, CEO of US Mobile,...
Digital identity solutions have become increasingly widespread in recent years as alternatives or supplements to old-fashioned authentication methods like passwords. Multifactor authentication (MFA) and biometric scans are quickly becoming the norm in numerous fields, including online accounts for banks and other businesses. The telecommunications industry...
Artificial intelligence security platform Jumio is launching a new video-based verification tool for regulated businesses, the company said in a press release. The new tool was created for banks, FinTechs, cryptocurrency exchanges, digital wallets and other regulated industries that want to shift to an omnichannel...
Mitek and Digidentity, which both work in digital identity verification, have teamed up to help more people register on GOV.UK Verify more quickly, a press release says. The two companies, using securely scaled operations, have enabled processing speed of more than 400 applicants per minute...
