Socure has launched its first-party fraud solution, Sigma First-Party Fraud, along with the First-Party Fraud Consortium (FPFC). Together, these solutions aim to help companies detect and prevent first-party fraud, the provider of digital identity verification and fraud solutions said in a Monday (Oct. 23) press release. First-party fraud...
Digital identity provider Socure has paid $70 million to buy document verification startup Berbix. The cash and stock transaction, announced Tuesday (June 27), allows Socure to integrate Berbix’s technology and unveil its Predictive Document Verification (DocV) 3.0 solution. Based in San Francisco, Berbix offers a patent-pending forensics engine that...
Payments FinTech Alacriti has teamed with Socure to prevent identity fraud in instant payments. “Instant payments require real-time fraud prevention, which is not something many existing enterprise fraud systems are well-equipped to handle,” Mark Majeske, senior vice president of faster payments at Alacriti, said in...
Technologies designed to authenticate identities are being introduced around the world to replace cumbersome procedures involving usernames, passwords and paper-based identification documents. Biometrics, such as facial recognition, fingerprint and iris scans, and voice recognition technologies, are increasingly being used in everything from accessing devices and...
June 07, 2022
As the world becomes more connected and the number of digital devices used to conduct business continues to grow, organizations are under more pressure than ever to know with whom they are doing business. Customers, however, have waning tolerance for cumbersome identity verification processes, giving rise to the use of technologies such as biometrics that […]
April 04, 2022
Cryptocurrency has been a never-ending roller coaster since its introduction more than a decade ago, seeing extreme highs and lows in value to its investors’ surprise, delight and dismay. As...
March 25, 2022
Consumers’ banking and payment preferences have swiftly become digital-first, with mobile apps and eCommerce channels quickly replacing in-person branches or retail stores for many customers. These newfound preferences for online...
October 24, 2018
There's a tug of war when it comes to digital ID verification — a tug of war between the customer experience and reducing fraud. Socure Co-founder Johnny Ayers tells PYMNTS that...
February 29, 2024
Socure and Trustly have partnered to offer merchants a pay-by-bank solution that includes a streamlined customer onboarding process and guaranteed fast payments. The solution designed for all merchants but is especially valuable for those in investing, gaming, trading, financial services and other industries that require robust know your customers (KYC) processes, the companies said in a Thursday (Feb. […]
October 23, 2023
Socure has launched its first-party fraud solution, Sigma First-Party Fraud, along with the First-Party Fraud Consortium (FPFC). Together, these solutions aim to help companies detect and prevent first-party fraud, the provider of...
June 27, 2023
Digital identity provider Socure has paid $70 million to buy document verification startup Berbix. The cash and stock transaction, announced Tuesday (June 27), allows Socure to integrate Berbix’s technology and unveil its Predictive Document...
April 13, 2023
Payments FinTech Alacriti has teamed with Socure to prevent identity fraud in instant payments. “Instant payments require real-time fraud prevention, which is not something many existing enterprise fraud systems are...
