Authentication news and trends

Digital Innovation Plus AI Tech Can Future-Proof the Enterprise
Innovation // April 24, 2024

Long-term success frequently results from businesses being agile, and prepared, in the short-term. That’s why it is so heartening, Shaunt Sarkissian, founder and CEO of AI-ID, told PYMNTS for “What’s Next in Payments Series: Quarterly Scorecard,” that “the first quarter of 2024 is so far going according...

Spike in Identity Fraud Forces Banks to Embrace Innovation
Security & Fraud // April 23, 2024

To the hammer of a bad actor, everything vulnerable looks like a nail. And with the rise of sophisticated fraud techniques, organizations like financial institutions that are operating within security-critical sectors are increasingly faced with the daunting task of safeguarding against a shifting mix of...

43% of eCommerce Execs Say Two-Factor Authentication Can Mitigate Fraud
Security & Fraud // April 17, 2024

It’s imperative for eCommerce merchants serving international markets to be able to complete frictionless cross-border transactions. However, since these merchants must also fend off fraudsters, they must find and employ fraud prevention tools that do not disrupt consumer transactions.  When compiling “Fraud Management in Online...

Prove Adds ID Verification Tools to AWS Marketplace
Identity // April 16, 2024

Prove has added its customer experience and ID verification/authentication offerings to AWS Marketplace. According to a Tuesday (April 16) news release, the addition lets customers access Prove’s commerce enablement, identity verification and identity authentication solutions for faster onboarding, reduced abandonment and lower rates of fraud. The release noted...

Interviews & Exclusives
Digital Innovation Plus AI Tech Can Future-Proof the Enterprise

April 24, 2024
Long-term success frequently results from businesses being agile, and prepared, in the short-term. That’s why it is so heartening, Shaunt Sarkissian, founder and CEO of AI-ID, told PYMNTS for “What’s Next in Payments Series: Quarterly Scorecard,” that “the first quarter of 2024 is so far going according to plan.” The end of last year brought forth several […]

Spike in Identity Fraud Forces Banks to Embrace Innovation

April 23, 2024
To the hammer of a bad actor, everything vulnerable looks like a nail. And with the rise of sophisticated fraud techniques, organizations like financial institutions that are operating within security-critical...

43% of eCommerce Execs Say Two-Factor Authentication Can Mitigate Fraud

April 17, 2024
It’s imperative for eCommerce merchants serving international markets to be able to complete frictionless cross-border transactions. However, since these merchants must also fend off fraudsters, they must find and employ...

Intellicheck CEO Envisions a Bank Consortium to Fight ID Fraud

April 09, 2024
When you read about collaboration in the financial services industry the topic usually centers around banks and FinTechs. But maybe there’s more to that story. Because sometimes competitors can collaborate...

Quick Reads
Prove Adds ID Verification Tools to AWS Marketplace

April 16, 2024
Prove has added its customer experience and ID verification/authentication offerings to AWS Marketplace. According to a Tuesday (April 16) news release, the addition lets customers access Prove’s commerce enablement, identity verification and identity authentication solutions for faster onboarding, reduced abandonment and lower rates of fraud. The release noted large levels of discontent among consumers who feel frustrated with […]

Roku Reports 591,000 Accounts Impacted by ‘Credential Stuffing’ Attacks

April 12, 2024
Roku disclosed to its customers Friday (April 12) that 591,000 accounts were impacted by two separate cyberattacks. In less than 400 of these cases, hackers logged in and made unauthorized purchases...

OpenAI Recommends Phaseout of Voice-Based Authentication While Previewing Text-to-Speech Model

March 29, 2024
OpenAI suggested Friday (March 29) that voice-based authentication for accessing bank accounts and other sensitive information should be phased out.  The company said this while announcing in a blog post that...

Amazon Debuts App for Easier Palm Payment Sign-Ups

March 28, 2024
Amazon is making it easier for consumers to use its palm payment tool Amazon One. “Until today, customers had to visit a physical location to hover their palm over an Amazon One device...