Digital Identity

OpenAI’s CEO says the banking sector is facing a “significant impending fraud crisis.”  That’s because artificial intelligence (AI) has advanced to the point that it can impersonate someone’s voice to get ...

Companies are using AI to streamline identity and business verification and fight fraud, Trulioo Chief Technology Officer Hal Lonas writes in a new PYMNTS eBook, “Halftime 2025: Charting the Future ...

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 ...

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 ...

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 ...

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 ...

Credit unions (CUs) face a critical juncture that threatens their long-term viability. Baby boomers dominate CU membership, making up 39% compared to 31% for millennials and Generation Z combined, and the ...

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 ...

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 ...

As global commerce becomes more digitized and less reliant on conventional infrastructure and workflows, digital wallets, a once-niche technology, are beginning to reshape international money movement. However, according to the PYMNTS ...

An optimal payment experience, which is frictionless in nature, involves collaboration. Issuers and merchants must work together to ensure that the merchant makes the sale, and the issuers want their cards ...

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 ...

OpenAI has appealed a court order that requires it to retain consumer ChatGPT and API data indefinitely, saying the order conflicts with its privacy commitments. The order came in response to ...

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 ...

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 ...

Two breakthroughs in artificial intelligence (AI) model capabilities can help brands understand and serve their customers at a deeper level. Advancements in natively multimodal AI and extended memory can enhance hyper-personalization, allowing ...

For decades, brick-and-mortar stores, loyalty programs and flashy eCommerce sites were sufficient to engage consumers. However, for rising generations like Generation Z (born between 1997 and 2012) and Generation Alpha (born ...

Every audacious venture travels a long road from an idea to a tangible institution. In finance, that path is paved as much with the currency of trust as it is ...

Cerby has raised $40 million in a Series B funding round to expand the capabilities and the adoption of its identity security automation platform. The company will use the new capital ...

Authentication software company Entersekt has launched a partnership with South Africa-based PayTech solution provider Stanchion. The partnership is aimed at “enhancing payment integration capabilities and delivering cutting-edge solutions to financial institutions worldwide,” the companies ...

Business-to-business (B2B) transactions typically involve higher volumes and more complex authorization than consumer payments. Companies must balance usability with security, often managing multiple layers of authentication for different roles, departments ...

QR code technology is an increasingly popular sign-in method among Bank of America’s corporate and commercial clients. The number of business clients using QR sign-in to access the bank’s digital banking ...

The internet may have rewritten data rights, but courts are starting to catch up. The lawsuits of the future are already being drafted today, and in today’s age of digital ...

If there’s one unwelcome constant in payments, it’s fraud. Lately, fraud has multiplied, and social engineering scams and others are outpacing traditional fraud prevention measures. To battle fraudsters, financial institutions (FIs) need ...

Coinbase introduced a way to streamline internet-native stablecoin payments. The cryptocurrency exchange’s x402 is an open standard that employs the original HTTP “402 Payment Required” status code to embed stablecoin payments ...

In the 21st-century enterprise, cybersecurity is no longer just a matter of firewalls and endpoint protection. It’s about the integrity of every line of code that flows through the digital ...

Any supply chain is only as strong as its riskiest vendor. When a vendor is offline, out of stock or compromised in some way, the vulnerabilities have negative ripple effects across ...

Value-added services, once the free sprinkles card networks tossed on top of plain vanilla processing contracts, have become core product offerings in an industry racing to stand out and shore ...

The service economy thrives on delivering frictionless and user-friendly experiences. For solutions providers catering to merchants and bringing them fully into the digital age, it’s critical to offer integrated payment solutions ...

Google Wallet has announced several updates that help users prove their age and identity. The company has also expanded the number of countries and U.S. states where different functions of Google ...

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 ...

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 ...

The two most fundamental elements of digital banking and financial services are often the two most in conflict: user experience and security. This is particularly true and relevant with multistep authentication ...

Shopify is facing a data privacy class action lawsuit in the U.S. The proposed class action had been dismissed by a lower court judge and a three-judge 9th Circuit Court of ...

The most impactful insights often emerge not from boardrooms or whiteboards but from direct conversations with customers. For today’s financial services, payments and digital economy leaders, these customer exchanges offer ...

For years, the cryptocurrency space has battled allegations that its ecosystem can come across as abstract and inaccessible to the everyday end-user. While blockchain payment and financial solutions can promise decentralization ...

Meta will begin using content shared by adults in the European Union to train its artificial intelligence models after the European Data Protection Board said the company’s approach met its legal ...

Generative AI tools are reportedly powering a new threat to companies: job seekers who aren’t who they say they are. Using artificial intelligence (AI) tools to create false profiles, photo IDs, ...

Despite a global familiarity with digital wallets, how consumers are actually using them reveals a patchwork of preferences and nascent adoption beyond basic transactions. A recent report titled “Digital Wallets Beyond ...

By now, President Donald Trump’s executive order to modernize how the federal government handles treasury disbursements is old news. The move, dubbed by some as “#KillTheCheck,” aims to address rising ...

As is the case with any entity, banks’ relationship with their end customers is only as strong as the trust that exists between the two, and in satisfying the priorities ...

Welsh FinTech Burbank has raised $6 million to bring “tap and PIN” payments online. The company’s funding round, announced Tuesday (March 25) on its LinkedIn page, will help Burbank develop its ...

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 ...

Historically, banks built security the same way they built vaults: thick walls, high fences and minimal exposure. But digital transformation has upended that perimeter. Open banking APIs, third-party FinTech integrations, cloud-native ...

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 ...