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Security

IDEX Biometrics and Reltime to Launch Next-Generation Web3 Biometric Card

“IDEX Biometrics ASA and Reltime AS are pleased to announce a strategic partnership to jointly develop and market the world’s first next-generation, Web3 biometric payment card including cold storage and digital asset wallets, combined with digital identification. This all-in-one, EMV1 compliant biometric payment card is anticipated to reach the market in the first half of 2023. The […]
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Security

Singpass Incorporates Digital Identity Card, Saves $36 Per Onboarding, Considers Decentralization

Singapore’s digital identity scheme, Singpass, adds new features and service integrations as penetration reaches 97 percent of eligible residents, according to Kendrick Lee, director of National Digital Identity at the Government Technology (GovTech) agency. Global partnerships and a reduction in minimum age could see it being used by more people in more places.
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Security

Will EU Digital Identity Drop the Unique Identifier?

“The European Commission may be changing its mind about its proposed requirement for all European Union member states to incorporate unique identifiers in digital IDs that become part of the bloc’s interoperable ID structure. Proposals to remove the mandate are being considered by the committee overseeing legislative development, and a Commission spokesperson has told news […]
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Security

Australia’s Major Banks Look to Dynamic CVV to Combat Payment Fraud

“Three of the ‘Big Four’ Australian banks have turned to dynamic card verification value (CVV) functionality to combat online payment fraud and boost digital consumer protections. The CVC or CVV is traditionally a static, three-digit number found on the back of a physical debit or credit card that acts as an additional layer of verification […]
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Security

Peru Issues 7M Digital ID Cards With id3 Biometrics, NXP Chips

“Fingerprint biometric algorithms from id3 Technologies are being used in Peru’s new digital identity cards, after being selected by NXP Semiconductors, according to a company announcement. Id3’s match-on-card fingerprint algorithm is being embedded in the Peruvian national electronic identity card (DNIe). The card will be used for secure, efficient access to public services. Peru’s government envisions the digital […]
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Security

Santander Warns of 87% Surge in Celeb Crypto Scams

“A leading high street lender has urged social media users to beware of cryptocurrency fraud after predicting a double-digit year-on-year surge in celebrity-endorsed cases in 2022. Santander claimed this week that there was a 61% increase in the number of cases it dealt with between Q4 2021 and Q1 2022, with the average cost of […]
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Security

Veriff Identity Verification Solutions Now Available to Twisto’s Buy Now, Pay Later Clients

“Veriff, a global identity verification provider, today announced its partnership with Twiso, A Zip Company, a buy now, pay later (BNPL) business, to provide identity verification (IDV) services for online merchants. With this partnership, Veriff expedites the IDV process for Twisto customers, while ensuring compliance with know your customer (KYC) regulations.  Veriff’s AI-powered identity verification technology is […]
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Security

Why Paper Receipts are Money at the Drive-Thru

Check out this handmade sign posted to the front door of a shuttered Jimmy John’s sandwich chain shop in Missouri last week. See if you can tell from the store owner’s message what happened. If you guessed that someone in the Jimmy John’s store might have fallen victim to a Business Email Compromise (BEC) or “CEO fraud” […]