The adoption of digital transactions has skyrocketed since the beginning of the pandemic, alongside a commensurate decrease in the use of cash, causing many to ponder the future fate of fiat currency. “We were all kind of growing digital, we just had an event that...
Consumers want to feel safe when they shop online. They’re willing to trade off at least some of the conveniences of online commerce – namely, speed – if they can be assured that their sensitive data is being kept safe. “The Trust Quotient,” done in...
We live life across channels, across payment modalities. Tourists go from country to country, shop in stores and online, wield different cards and digital wallets, and leverage mobile apps to get what they want, on-demand. Platforms such as DoorDash collect reams of data about consumers,...
To improve compliance, ensure data privacy and cut costs, there are two ways to do it, Mahmoud Abdelkader, CEO and co-founder of Very Good Security, told Karen Webster. You can build a better data mousetrap — leveraging technology and especially software to figure out how...
Trust and reputations take a lifetime to build, they say – but can be destroyed in mere seconds. Consumers expect companies to protect their data. And they’re willing – in some cases – to accept a bit more friction at checkout to get assurance that...
Data powers the best digital customer experiences, which everyone now demands. People also demand that companies do everything but wear blindfolds in order to use their data. It’s a poser, all right, and one that requires solving in double-quick time, as the connected economy and...
Cryptocurrency exchange platform Binance is integrating an intermediate verification stipulation for all users, adding to the startup’s know your customer (KYC) and anti-money laundering (AML) protocols. See also: Coinbase Says Crypto Exchanges Face Dual Regulations To Meet Differing Authentication Rules “User protection is an integral...
By some measure, consumers don’t seem overly concerned about protecting their personal data and privacy. They rarely read the terms of service before clicking “OK” and reuse the same password across multiple websites — no matter how often security experts warn them not to. To...
In The Privacy Paradox: Securing Data To Build Customer Engagement, a collaboration with Very Good Security, PYMNTS examines the role of personally identifiable information (PII) protections in customer engagement and provides insights into steps that companies can take to address consumers’ concerns about data privacy.
