Looking Beyond The Selfie For ID Verification
Commerce in the digital world means making sure someone is who they say they are — in real time, and where Social Security numbers or isolated identifiers are not enough. Socure CEO Sunil Madhu tells PYMNTS how it’s possible for digital identity verification, beyond just matching selfies to drivers’ licenses, can let the good customers transact and turn the bad guys away — across a single API — thanks to the robust digital footprint that the good guys leave behind.
From Fingerprints To Faces: Bank of America Explores Biometrics’ Next Phase
Consumers are generally accustomed to using a fingerprint to unlock their banking apps – but, are they willing to use their face – and do they think it’s secure? Hari Gopalkrishnan, managing director of consumer facing platforms and technology for Bank of America, discusses the bank’s efforts to make biometrics appealing authentication options for consumers, including its facial biometrics pilot program with Samsung.
Facial Recognition Becomes KFC Payment Method
Customers at one of KFC’s location in China will be able to pay for their meals with “Smile to Pay” biometric facial recognition technology.
CFPB Moves In — Literally — With Credit Reporting Agencies
Hearing the news “the CFPB is coming” as a credit agency or financial services professional is something akin to hearing the news “winter is coming” as a Game of Thrones character — it means nothing good is about to happen to you, and more likely than not, you are in a lot of trouble.