On The Web
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“Apple has announced a forthcoming update to its Wallet app that will allow you to use your iPhone as digital identification in select US airports. The company showed how you’ll be able to scan your driver’s license or state ID in participating US states, which will then be encrypted and stored in the iPhone’s secure […]
Capital One Ventures Invests in Socure Digital Identity Analytics | Biometric Update
“Socure has boosted Capital One’s digital identity trust to increase card approval rates and slash false positives for its U.S. card team, leading the financial institution’s venture arm Capital One Ventures to make a strategic investment in the company. Socure recently became the latest unicorn biometrics with a $100 million funding round that included several […]
EU set to unveil digital wallet fit for post-Covid life
“The EU is set to unveil detailed plans for a bloc-wide digital wallet on Wednesday following requests from member states to find a safe way for citizens to access public and private services online. The digital wallet would securely store payment details and passwords and allow citizens from all 27 countries to log into local […]
Payments Pioneer’s Vision: Use AI to Link Digital ID, Banks
“Will Graylin’s new company OV Loop wants to use artificial intelligence — including the platform it just inherited with its PayFi acquisition — to connect digital ID to in-app payments, making it easier for banks to work with third-party wallets.”
On The Wires
nbsp;Mastercard to Acquire Ekata to Advance Digital Identity Efforts
“Trust is the key ingredient to conducting digital commerce. Central to creating trust in a digital world is the ability to prove your digital identity – who you are, whether you are interacting in person, online or in app. Today, Mastercard (NYSE: MA) took steps to advance its identity verification efforts with the acquisition of […]
Equifax Announces Definitive Agreement to Acquire Kount
“Equifax ® (NYSE: EFX ) a global data, analytics and technology company has signed a definitive agreement to acquire Kount, a provider of Artificial Intelligence (AI)-driven fraud prevention and digital identity solutions, for $640 million. As global digital transformation accelerates, driving customer interactions to digital channels in record numbers, businesses require new ways to establish digital […]
Mastercard and Optus Bring Digital Identity to the Australian Telecommunications Industry
“Mastercard and Optus today announced a strategic partnership to provide customers a simpler and more secure way to prove their identity online and in-store. In using ID , the Mastercard digital identity service, Optus will strengthen its identity verification and authentication process while retaining its best-in-class, digital-first customer experience.”