Governments are exploring options for developing nationwide digital ID systems, while financial institutions (FIs) and merchants are improving their authentication procedures for digital IDs. In faster payments news, the Fed is planning to build its own instant clearing and settlement rails. And, in retail, malls are looking for innovations with new uses for old commerce spaces. All this, Today In Data.
250,000: Estimated number of data records lost or stolen every hour.
2015: The year the Fed launched its 500-person Faster Payments Task Force.
2,300 square feet: Area of the walk-in clinic set to open in November at the Mall of America.
126 percent: Increase in the amount of personally identifiable information exposed last year.
5 billion: Number of people expected to be using government-issued IDs by 2024.