Digital Identity

A recent PYMNTS Intelligence report finds that retailers will enter this year’s peak shopping season defending themselves on more fronts than ever before. The report, Securing the Season: Fighting Fraud Without Losing ...

Watch more: Live roundtable Verification systems built for yesterday’s fraud no longer work in today’s threat landscape. While firms could once assume that criminals needed skill, capital and patience to mount sophisticated ...

Identity platform Trulioo has joined Google’s Agent Payments Protocol (AP2) initiative, which creates a common language for how artificial intelligence agents can initiate and complete transactions on behalf of users. Trulioo ...

Identity makes the world of commerce and payments go ‘round. But its fundamental role in driving modern customer experiences and defending against fraud can often fade to the background. Many companies ...

Fraud prevention and payment security firm Entersekt debuted enhancements to its digital banking authentication platform. The new offerings include Entersekt Orkestrate, a tool designed to simplify authentication for financial institutions, according ...

Apple launched Digital ID, a new feature that lets users create and present an identification in Apple Wallet using information from their United States passport. The feature is debuting in beta ...

Ant International’s Alipay+ has added iris authentication features to its smartglasses-embedded payment solution. The addition to GlassPay is the result of partnerships with “leading smart glasses producers” and is a “global ...

In the age of AI agents and synthetic identities, the biggest risk to corporate security may be complacency. Most firms think their digital identity systems are working, and that misplaced ...

Generative artificial intelligence content now accounts for 57% of all online material, a shift that is forcing social media platforms to restructure their systems to handle the growing influence of ...

Artificial intelligence has become the spark and the shield of a new security revolution in banking. The reality of financial crime is that the same neural networks that can generate a ...

One of the most compelling updates this week came from a Harvard Business Review article “Designing a Successful Agentic AI System.” Its authors argue that agentic AI will only deliver ...

Watch more: From Bolt-On to Built-In: Identity’s Payments Moment As real-time commerce accelerates, the future of authentication isn’t about remembering. It’s about being recognized. “Passwords are dinosaurs,” said Chris Palumbo, chief risk ...

In an era where artificial intelligence-driven bots and digital agents are rewriting the rules of commerce, many companies still believe their identity verification systems are “good enough.” They aren’t. According to ...

Traditional compliance methods face a tough battle in the cryptocurrency world. Pseudonymity, code-driven transactions and borderless systems, it turns out, don’t naturally mesh with laws designed for a world of ...

The convergence of payments and digital identity will define the next era of financial services, Entersekt Chief Technology Officer Gerhard Oosthuizen writes in a new PYMNTS eBook, “Headlines That Will ...

Watch more: Digital Shift: Capital One, Jenna Kaye-Kauderer Novel threat vectors, like deepfakes, synthetic identity fraud and phishing powered by powerful language models, were once the province of science fiction. But generative ...

Until recently, the biggest concern for someone using a credit card abroad was that their bank might block the transaction as potential fraud. The fix was to call customer service and ...

Mobile wallet use is spreading, but these digital apps aren’t replacing credit and debit cards. They’re burying them. The PYMNTS Intelligence report “Pocket Revolution: How Mobile Wallets Are Changing Payments Worldwide” ...

Watch more: Need to Know: Entersekt, Mzu Rusi When it comes to fraud, banks have traditionally built their defenses around the obvious exits. Wire transfers, ACH, peer-to-peer (P2P) payments and other ways ...

Mastercard and Smile ID plan to accelerate the rollout of secure digital identity solutions across Africa to enable enterprises to onboard new customers faster. The companies have extended their commercial partnership ...

Watch more: Digital Shift: Entersekt, Steve Bledsoe Real-time payments thrill consumers and businesses with immediate fund transfers, but that same speed attracts fraudsters. Banks eager to meet customer expectations must rethink ...

Watch more: What’s Next: i2c, Seth Perlman When it comes to the future of payments, the stakes are high and unforgiving. Consumers expect services to be available around the clock, fraudsters are ...

Watch more: What’s Next in Payments: Edenred Pay, Jonathan Beckham Payments have never been solely about moving money. Across the context of their utility, payments are fundamentally about trust. Trust that a ...

Watch more: What’s Next In Payments: Trulioo, Hal Lonas In the digital economy, identity verification is everywhere, but standardization is rare. Bank customers face different hoops when opening an account. Shoppers log ...

European regulators reportedly want to block American tech giants from a new financial data-sharing system. As the Financial Times (FT) reported Sunday (Sept. 21), the European Union aims to exclude Amazon, ...

Lawmakers gathered on Capitol Hill on Wednesday (Sept. 17) for a wide-ranging hearing on artificial intelligence (AI), weighing its promise for innovation against risks to jobs, privacy and national security. ...

Remember when companies could tweak a privacy policy and coast for a few years? That era is over. A new wave of state-level data privacy laws is landing faster than firms ...

Google introduced its Agent Payments Protocol (AP2), developed in tandem with payments and tech firms. AP2 is designed to “securely initiate and transact agent-led payments across platforms,” according to a Tuesday ...

Digital identity wallet ID.me raised $340 million across Series E financing, announced Wednesday (Sept. 3), and a credit facility, announced earlier. The latest financing values that company at over $2 billion, it said ...

Circle and Paxos Trust reportedly devised a way to help companies verify digital asset holdings. The two firms are working with Bluprynt, a FinTech startup founded by Georgetown Law School professor ...

WEX has selected Trulioo Document Verification and Biometrics to handle the know-your-customer (KYC) process for its European fuel card customers. With this move, WEX will replace manual processes while enhancing onboarding ...

Identity solutions firm Incode Technologies is acquiring fraud detection provider AuthenticID. The deal, according to a Tuesday (Aug. 19) news release, is aimed at tapping into a digital identity market projected to reach $116 billion by ...

Australian bank CommBank is adding two new defensive assets designed to help protect its customers from fraud, scams, financial crime and cyber threats. The launch of these assets builds upon earlier ...

For banks racing to turn digital account opening into a single click, the Federal Deposit Insurance Corp. (FDIC) just flashed a regulatory green light. In a supervisory letter published Tuesday (Aug. 5), ...

Handwave has raised $4.2 million in a seed round to launch its palm-based authentication method across Europe and the United States. The company’s technology enables payments, age verification and loyalty programs ...

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 ...