December 15, 2023
DOJ Cracks Down on Use of ‘Microtransactions’ to Conceal Fraud
The Department of Justice (DOJ) has announced a crackdown on fraud networks that steal money from consumer accounts and use fraudulent “microtransactions” to conceal their illicit activities from financial institutions. These networks...
December 15, 2023
Sam Altman Reiterates Support for Worldcoin as It Seeks Funding
Sam Altman, the CEO of OpenAI, has reportedly reiterated his support of the cryptocurrency project Worldcoin, saying that in a world increasingly influenced by artificial intelligence (AI), the ability to identify unique...
December 14, 2023
Decision Brief: Online Seller’s Guide to Advanced Authentication Techniques
Introduction: Online sellers are consistently grappling with the delicate balance of upholding robust security measures while providing customers with a seamless shopping experience. Central to striking this balance is the...
December 13, 2023
Automated Food Preparation Expands Amid Consumer Concerns
Autonomous restaurants are increasingly appearing throughout North America, with several new entrants into the space in the past couple of weeks alone, despite consumers’ hesitations. Fast-casual salad chain Sweetgreen opened...
December 11, 2023
Accura Scan Unveils Suite of Identity Verification Products
Accura Scan, a provider of digital know your customer (KYC) and user verification solutions, has unveiled a suite of identity verification products for American banks and telecom companies. With its...
December 07, 2023
Europe’s AI Legislation Exempts Open-Source Models
Europe’s new AI legislation could reportedly go easy on open-source artificial intelligence models. Lawmakers in Europe were still hammering out the details of the landmark AI Act on Thursday (Dec. 7), Reuters...
December 04, 2023
Consumers Embrace Facial Biometrics as Lawmakers Raise Fresh Privacy Concerns
As biometric authentication, and notably facial recognition technology, continues its rapid advancement, heightened concerns about privacy and ethical implications have reignited global discourse. This conversation gained momentum when China introduced draft regulations...
December 01, 2023
FortressPay Launches Enterprise-Ready Biometric Payment Platform
FortressPay launched an enterprise-ready biometric payment platform. With its new Payment Identity platform, FortressPay aims to provide a frictionless customer experience while eliminating payment fraud, the global FinTech company said...
December 01, 2023
Non-Retail Firms Launch Biometric Tools Amid Consumer Interest
Biometric authentication methods have expanded into multiple applications in recent years, from online payments to mobile devices to banking transactions or facial identification for security. Nearly half of online shoppers...
