Digital Identity

A law passed in 1968 is apparently driving a new surge in privacy violation settlements. That’s according to new research published Monday (Oct. 5) by privacy platform Privado AI, showing that American companies are ...

Artificial intelligence agents add information to a card payment that merchants, issuers and networks don’t routinely exchange today: what the consumer authorized the agent to do and whether the transaction ...

Watch more: What’s Next in Payments With Synchrony’s Mike Storiale Artificial intelligence can already recommend the running shoes. The payments industry still must figure out how to let it buy them. While ...

The first rule of online payments is to prove that the person trying to pay is allowed to do so. Artificial intelligence is forcing banks and payments networks to add ...

Watch more: What’s Next in Payments With Chris Trainor of Paymentus Giving an artificial intelligence agent a wallet is easy to understand. Giving it permission to use that wallet safely is ...

A pair of laws governing artificial intelligence and data privacy will take effect in Connecticut Thursday (Oct. 1), introducing a new compliance regime for businesses operating in the state. The Connecticut Artificial ...

The 43% of scam victims who pay fraudsters within an hour present banks with an obvious problem. There may be almost no time to stop the transaction. The 18% who take ...

A group of six banks is calling for artificial intelligence shopping transactions to carry an auditable record of what a customer asked an agent to do, what authority the customer ...

Plaid and digital identity wallet ID.me launched a benefits payments partnership, according to a Thursday (Sept. 17) news release. The collaboration is designed to combine ID.me’s wallet with Plaid’s financial account ...

Card theft and account breaches remain major threats, but some of today’s fastest-growing fraud schemes begin earlier by targeting identity itself. Criminals increasingly use artificial intelligence to build false identities ...

An email-based scam has reportedly led to the leak of Revolut customer data. The British FinTech says sensitive information from a “limited number” of customers was exposed in a scam in ...

Healthcare organizations are accelerating their use of artificial intelligence while struggling to reconcile a widening assortment of privacy, security and AI governance requirements across jurisdictions. Participants in a Tuesday (Sept. 8) ...

State efforts to regulate algorithmic pricing are accelerating, replacing a handful of isolated restrictions with an increasingly complex patchwork of antitrust, consumer protection and data privacy rules. California, Connecticut, Maryland and ...

There’s a potentially massive driver’s license breach now under FBI investigation. The most consequential impact of the breach isn’t simply its size. It’s what may have been stolen. Criminals are claiming ...

Faster payments leave businesses with less time to discover whether the account at the other end belongs to the wrong person, contains bad information or may be connected to fraud. That ...

Identity and risk intelligence infrastructure provider Socure is now a $5.2 billion company. The firm reached that valuation Thursday (Aug. 27) following a new $156 million round of funding led by ...

Payments modernization budgets are lining up behind identity, reconciliation and automation, providing a clearer picture of what businesses intend to build next. PYMNTS Intelligence data, in collaboration with Plaid, shows 65% ...

Watch more: Need to Know With Thales’ Caio Reis Banks are rebuilding payments systems for transactions that may soon be initiated by software rather than people. That prospect changes what issuers ...

Checkr has expanded its verification platform by acquiring Truv, a provider of consumer-permissioned income, employment and asset verification, Checkr said in a Tuesday (Aug. 18) press release emailed to PYMNTS. The ...

Sports commerce has always clustered around the calendar, spiking for a tournament, a championship run or a merchandise drop. Between those peaks, the commercial relationship between a team and its ...

Federal and state regulators are expanding their scrutiny of digital business practices by treating privacy violations and deceptive consumer practices as part of the same enforcement framework. The trend that ...

Okta plans to add identity threat detection and response capabilities to its identity management platform by acquiring Permiso Security. The acquisition will add Permiso’s identity risk signals, behavioral analytics and threat ...

Watch more: Need to Know With Plaid’s Shaffer Bond Fraud has traditionally been treated as a problem to investigate after money has moved. That approach is becoming harder to sustain as ...

PayPal’s turnaround hinges on a digital rebuild that includes stabilizing the checkout button consumers know today while preparing for a commerce environment in which artificial intelligence agents, digital identity and ...

World Foundation raised $52.5 million in new funding to bring World ID technology to organizations, consumers and artificial intelligence (AI) agents. The organization raised the new funding by selling to strategic investors WLD tokens that ...

For the past 25 years, card-not-present payments have been built around a defensive premise: Prove the buyer is human, authorized and in control of the transaction. Fraud systems, merchant controls ...

Dead people don’t spend much, but the federal government nearly sent them tens of millions of dollars anyway. The U.S. Treasury Department said Tuesday (July 21) that its government-wide verification process ...

Google is letting users sign into their accounts by taking videos of themselves. “Selfie video is a new way to get into your account, giving you more options if you’re ever locked ...

England’s new prime minister has reportedly cancelled his predecessor’s plans for a national digital ID. Andy Burnham confirmed for Techcrunch Tuesday (July 21) that the government would scrap the widely-criticized proposal ...

Given free rein, AI agents can research products, compare prices and fill out forms. They’re thwarted the moment a task requires a login. Until now, the only options have been ...

Watch more: Summer School | IXOPAY | Jill Willard As artificial intelligence agents begin making purchases on behalf of consumers and businesses, payments infrastructure is being asked to solve a problem ...

Google has formed a digital identity partnership with Polish ID-verification startup Authologic. “Google Wallet already lets users store verified identity credentials issued by governments, banks, or Google itself on their phones,” ...

Watch more: The Digital Shift With Entersekt’s Dewald Nolte Firms get what they measure, and for years, payment security technology has been measured by how much fraud it stops. Untold billions of ...

A business deploys an artificial intelligence agent to manage procurement. The agent queries suppliers, compares prices, issues purchase orders, and routes payments. The supplier on the other end has no ...

Watch more: What’s Next in Payments With Entersekt’s Richard Bailey Banks have spent much of the past two years asking whether artificial intelligence should be viewed as an enhancement or a ...

Fraud prevention in B2B payments has long operated on a simple premise: if something went wrong, there would be time to fix it. That is changing. Real-time payments, faster settlement and ...

Two years ago, a shopper researching a new pair of running shoes might have started on Google, clicked through a few retailer websites and eventually checked out on Amazon. Now they ...

Digital identity verification has long been measured primarily by one standard: how effectively it stops fraud. But new data suggests many organizations may be focusing on the wrong side of ...

When a millennial advertising executive spends 30 minutes on a Sunday morning browsing face serums on a beauty website, she expects that once she lands on her final choice, the ...

Artificial intelligence agents can search, compare and prepare purchases on a consumer’s behalf. Completing the transaction is where the infrastructure breaks down. Experian is moving to fix that. In April, the ...

Fraud losses and payment failures are getting harder to recover after settlement and middle market firms are responding by moving verification and identity checks earlier in the customer relationship — ...

Watch more: Need to Know With Visa’s Olaseni Alabede How can the payments landscape enable autonomous transactions without undermining trust, governance and accountability? It’s a question that payment networks and acquirers are ...

Agentic artificial intelligence may soon test the weakest point in a company’s identity system, but PYMNTS Intelligence data suggest the strongest defense may be a wider, better-connected verification network. That is ...

Conventional wisdom has long held that larger enterprises possess natural advantages in cybersecurity and fraud prevention. Bigger budgets, deeper technical teams and greater access to advanced tooling should theoretically produce ...

A collaboration between PYMNTS Intelligence and Trulioo, “Built or Bought: How KYC/KYB Ownership Shapes Risk, Cost and Growth” examines how companies’ choices about identity verification ownership shape fraud risk, operating ...