News

Passwords Are Dying. Let Them.

Don’t smile too wide if a website congratulates you on a strong password. There are many parties working hard to eliminate that — and for the September edition of the PYMNTS Digital Identity TrackerTM, we feature one.

The Fast IDentity Online Alliance (FIDO) was set up in July 2012 to work solely to take the authentication of a consumer’s digital identity beyond passwords.

If Passwords Are Out, What’s in?

Smile. Blink. Touch. Yes, securing and verifying a consumer’s digital identity is about to get real personal. The biometrics technology market will touch $15 billion by 2024, according to estimates.

And it’s not just the stuff of “Minority Report,” either.

Australia will test facial matching capability to verify citizen data, Pakistan is experimenting with biometric polling trials during elections and the Baltimore, Maryland police plan to use a biometric forensic device for fingerprint identification.

Tracker Overview

This issue of the Tracker also includes the profiles of 73 industry players, with 5 new additions — CardLogix, EyeLock, HID Global, Sift Science and TokenEx — and four updated companies: ABnote, Arroweye, Bitnet and Morpho.

For more updates from Oberthur, click here.

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PYMNTS STUDY: THE CROSS-BORDER MERCHANT FRICTION INDEX – JUNE 2020

The PYMNTS Cross-Border Merchant Friction Index analyzes the key friction points experienced by consumers browsing, shopping and paying for purchases on international eCommerce sites. PYMNTS examined the checkout processes of 266 B2B and B2C eCommerce sites across 12 industries and operating from locations across Europe and the United States to provide a comprehensive overview of their checkout offerings.

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