Innovation

Fighting Fraud Via Better Digital IDs

The process of identification is one that identifies friend or foe and one that builds trust. In commerce, that process extends to ensure that the transaction has a good chance of succeeding, where buyers will get what they bought in goods or services and sellers will get paid. But if technology can pave the way to a smoother process, so, too, can it facilitate fraud, in the wrong hands. Simply put, hackers can mask identities, rendering sellers too trusting, perhaps oblivious and, ultimately, victimized. On the internet, it may be the case that nobody knows you’re a dog, with a nod to the old New Yorker cartoon, or a dangerous dog at that.

This is because in some cases lack of documentation in the digital realm can stymie best efforts to make sure commerce can be done safely. In another vein, digital identities can be stolen. But digital identities can be accessed and protected with any number of technological aids and protocols that did not exist all that long ago. And best of all, digital identities are tailored to and as unique as the specific buyer or seller. But robust digital identities and safety tied to those identities need different layers of information and verification. Join us, along with innovator John Dancu, CEO of IDology, as we delve into the brave newish word of (ever more) secure transactions across the web.

Politics: Global … And Local … When It Comes To Commerce And Innovation?

And speaking of the brave new world that exists at the intersection of commerce, digital activity and the devices that connect both, commerce is indeed global, more so than ever.

With global expansion come the impact, voices and concerns inherent in politics. How should goods and services and people move across borders? Issues range from who pays to who gets paid, where and when and even how. The debates that dominate the human side of commerce and the capital tied to it are ones that extend to the new presidential administration in the U.S. to the halls of Congress to the shock of the Brexit vote that may help change the way such activity is conducted across the pond and beyond. In discussions on the ties that bind us and perhaps even the fissures that divide us, join Mike Massaro, CEO at Flywire; Laurent Le Moal, CEO at PayU; and moderator David S. Evans, economist and founder at Global Economics Group.

Turning a bit more inward, the 2016 U.S. election brought a sea change that may impact both the way the economy functions here as well as how we in the U.S. interact across borders. If the “75 percenters” in the nation have made their voice heard with the new administration, it remains to be seen just what populism holds for the future in terms of embracing and promoting innovation. JD Vance, author of Hillbilly Elegy, is the featured guest on this panel.

Don’t you want in on the conversations? Check out Innovation Project 2017.

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Latest Insights: 

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out our April 2019 Unattended Retail Report. 

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