Authentication in the payments space is continuously evolving. But one constant is that any innovation needs to strike a winning balance between enhancing security and improving user experience. “Identity theft, phishing and data breaches have all become more prevalent. So, more robust authentication has become...
After a pilot program in Australia and New Zealand, Tinder will be expanding its identity verification feature to users in the United States, the United Kingdom, Brazil and Mexico. The option aims to help users confirm the authenticity of profiles by verifying key information, such...
In recent years, the Asia-Pacific (APAC) region has emerged as a driving force in the digital payments space, with the region’s rapid technology adoption and changing consumer behaviors positioning it as a crucible for innovative payment solutions. “In 2023, we saw QR codes and digital...
Bumble is employing artificial intelligence (AI) to ensure its dating profiles aren’t, well, artificial. “Our most recent research made one thing very clear: our members are anxious about the authenticity of their matches,” the company said Monday (Feb 5). “Worldwide, respondents cited fake profiles and the risk...
Clerk, a developer tools company providing a React-friendly authentication solution, has secured $30 million in Series B financing to expand its services into authorization. The funding round was led by CRV, with participation from Stripe and existing investors Andreessen Horowitz and Madrona, Clerk said in a Tuesday (Jan. 23) press release. Clerk’s...
With more consumers looking to find bargains on groceries, Costco is trying a new, more prohibitive membership verification process. The warehouse club giant is testing out a system whereby consumers must scan their membership card upon entry to the store at a handful of locations,...
In today’s digital era, banking customers are asserting more control over their financial security and no longer relying solely on their banks to protect their identities and online transactions. In “Consumer Behaviors and Perceived Security Across Devices,” PYMNTS Intelligence draws on insights gathered from a...
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 authentication process, coupled with the adept use of technology and agility in responding to ever-evolving...
Intellicheck will provide identity verification services for financing platform Versatile Credit. “Intellicheck’s identity validation solution gives Versatile Credit merchants the ability to extend credit with confidence, allowing them to quickly onboard new customers,” the companies said in a news release Tuesday (Dec. 12). “It assures...
