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In today’s increasingly digital world, it has gotten to the point where the physical wallet’s main purpose is becoming just to carry physical ID cards. But, as the rest of the ...

After a pilot program in Australia and New Zealand, Tinder will be expanding its identity verification feature to users in the United States, the United Kingdom, Brazil and Mexico. The option ...

Somos unveiled an Internet of Things identity management service designed to safeguard businesses’ IoT assets. The new SomosID aims to provide businesses with a registry for their IoT assets, enhancing visibility ...

The emergence of all-in-one apps promises unparalleled convenience, offering users a one-stop solution for various needs. From managing finances to staying connected with friends, these multifaceted applications aim to streamline ...

In the payments and financial landscape, staying still often means falling behind.  And falling behind in today’s rapidly digitizing environment can be dangerous.  That’s because traditional security systems are proving to be increasingly ...

The pandemic’s push towards online learning not only accelerated the integration of online payment platforms and cashless transactions in higher education but also catalyzed the broader transformation of the connected ...

One innovation above all others dominated the headlines in 2023: artificial intelligence (AI). But while AI, particularly its impact on the payments landscape, captured public eyeballs and enterprise attention, other technical ...

Identity verification company Intellicheck has rolled out enhancements for digital users of its identity platform. “Clients integrating the new Capture process can be up and running with no more than two simple web hooks,” the ...

Crypto had a bumpy, and at times wild, 2023. But industry observers and participants continue to believe that blockchain technology and cryptocurrencies have the potential to revolutionize financial inclusion for marginalized and unbanked communities ...

Visa has teamed with biometrics firm TECH5 to help build “digital government ecosystems on a global scale.” The partnership will involve the two companies working to “implement digital ID-based payment infrastructure and services on a national ...

In a digital landscape increasingly defined by the surge of online and mobile shopping, consumer demand for flexible, secure and convenient ways to authenticate transactions is at an all-time high. ...

Sam Altman, the CEO of OpenAI, has reportedly reiterated his support of the cryptocurrency project Worldcoin, saying that in a world increasingly influenced by artificial intelligence (AI), the ability to identify unique ...

Introduction: Online sellers are consistently grappling with the delicate balance of upholding robust security measures while providing customers with a seamless shopping experience. Central to striking this balance is the authentication ...

Confirm launched a portable identity solution designed for use in online peer-to-peer marketplaces. The solution allows people to create a secure, verified digital ID called a ConfirmID that they can use ...

Intellicheck will provide identity verification services for financing platform Versatile Credit. “Intellicheck’s identity validation solution gives Versatile Credit merchants the ability to extend credit with confidence, allowing them to quickly onboard ...

For banks, artificial intelligence is both foe and friend in the eternal battle against fraud. Foe because the bad actors are harnessing advanced technologies to forge new paths toward scamming financial ...

The realm of payments authentication is undergoing a shift. In today’s digital era, where convenience meets security and organizations and individuals alike no longer need to make a trade-off between the ...

As the payments ecosystem continues to evolve, it is missing just one key element. That element? A single source of truth in the form of a dynamic digital identity that can ...

Innovation plays a role in making healthcare experiences more intuitive, accessible, personalized and affordable. But navigating the forest of today’s healthcare innovations and services can be just as complicated as picking ...

As the world moves forward, digital identity is becoming a crucial cornerstone of tomorrow’s innovations. This is truer than ever when it comes to the importance of open-source adoption in shaping ...

TBD and Circle have launched a partnership centered around open source adoption of decentralized identity. The collaboration, announced Monday (Oct. 23), will also culminate in a non-profit founded by TBD — Block’s decentralized finance (DeFi) ...

Samsung has partnered with global identity technologies provider IDEMIA to bring mobile driver’s licenses and state IDs to Samsung Wallet. Arizona and Iowa will be the first states to offer a ...

As attractive as innovative new technologies appear, it’s important to remember they are just tools.  And any tool, when in the wrong hands, can also be used for the wrong purposes.  “Newer ...

Credit reporting agency Equifax and global identity verification firm Mitek Systems formed a partnership. Their alliance aims to combat evolving digital fraud threats and enhance Equifax’s ability to prevent identity fraud, the ...

Fraud moves fast, particularly within industries that have historically moved slowly. As legacy sectors like shipping, transportation and logistics begin to trade in the phones and fax machines for digital booking ...

SpyCloud has secured $110 million in a growth round of funding to expand globally and enhance its authentication bypass prevention solutions, further fortifying digital identities against cyber threats. The funding round was ...

Kenya’s government is worried about Worldcoin, OpenAI founder Sam Altman’s identity-focused cryptocurrency. The African nation’s Ministry of the Interior suspended Worldcoin’s operations in Kenya Wednesday (Aug. 2), amid a government investigation, according to a press release. “The Government ...

If a technology service is free, you are the product — not the customer. As OpenAI CEO Sam Altman officially launches his cryptocurrency project, Worldcoin, from the company Tools for Humanity, ...

As fraudsters grow more sophisticated, so too must the fraud defenses of eCommerce sites and other operators who sail the shark-infested waters of digital commerce. We explore aspects of the fraud ...

Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, recently told PYMNTS that open banking can — and will — give rise to empowered consumers, and take ...

Digital identity provider Socure has paid $70 million to buy document verification startup Berbix. The cash and stock transaction, announced Tuesday (June 27), allows Socure to integrate Berbix’s technology and unveil its Predictive Document Verification ...

Today’s new digital operating environment is ripe with opportunities for payment innovations. It is also rife with pitfalls due to the incumbent operators and the emergent innovators increasingly finding themselves facing ...

Powered by technology like generative artificial intelligence (AI), behavioral-driven fraud is enjoying a modern renaissance. Whether through business email compromise (BEC) attacks or account takeover (ATO) scams, the strategies bad actors ...

Stytch has added B2B authentication to its platform that already provides B2C authentication. This new offering enables businesses to add authentication to their B2B products and applications without having to build ...

Smile Identity has acquired Appruve to expand its digital identity verification solution across Africa. In addition to buying Appruve’s parent company, Inclusive Innovations, Smile Identity is working to finalize the transaction for its affiliated entities ...

Digital commerce has a data problem. Jeff Hallenbeck, head of financial partnerships at Forter, told PYMNTS that “data droughts” exist between issuers, payment service providers and card networks when making risk-informed ...

NatWest Group and OneID have partnered to launch a new digital ID service for businesses. The collaboration between the British banking and insurance company and the identity service provider has enabled ...

Businesses learned two critical lessons from the pandemic-related supply chain disruptions: First, they need tighter control of key payment processes, particularly procurement, to ride out the next economic disruption, and ...

Mastercard and GIACT have joined forces to offer customers secure account verification. The partnership expands on GIACT digital identity and fraud solutions to allow “businesses to use a multi-method approach to ...

As authentication technologies evolve and consumer awareness of security measures grows, retail banking customers demand more secure and user-friendly online identity verification. PYMNTS’ latest research found that 36% of banking customers ...

Robust fraud prevention measures, having always been an important tool for businesses, are now a must. When payments took hours or days to go through, companies had more time to verify the authenticity ...

A multifaceted approach to digital identity can shore up eCommerce defenses against risk and fraudsters. And that multifaceted approach, Prove Chief Security Officer and Chief Information Officer Amanda Fennell told PYMNTS, ...

Digital identity used to be something that people considered “just tick-the-boxes” technology.  But as Steve Durney, vice president of strategy at Prove, told PYMNTS, forward-thinking companies can use digital identity as ...

Consumers do not like waiting to access their accounts. According to PYMNTS’ research, nearly half of consumers have concerns about waiting a long time during identification processes, demonstrating how customers want frictionless ...

Password managers were a good start in getting users to tighten their internet security, but ultimately, consumers’ behavioral habits may instead have set the stage for other solutions to thrive. Consumers ...