Payments News

On The Web

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Risk

Tax Refunds and Stimulus Checks Delayed by Identity Fraud Crossfire

“It’s unclear how many taxpayers’ refunds have been delayed during the 2021 filing season. But it’s an issue for a growing number of Americans. The IRS flagged 5.2 million tax refunds for fraud last year, a nearly 50% increase over 2019, according to the Taxpayer Advocate Service, an independent organization within the IRS. Of those, […]

On The Wires

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Risk

Stripe Newsroom: Stripe Launches Stripe Identity, an Identity Verification Tool to Increase Trust Online

“Stripe today announced the launch of Stripe Identity, the easiest way for internet businesses to securely verify the identities of users from over 30 countries. As more economic activity happens online, the need for internet businesses to establish and maintain high levels of trust increases commensurately. Online businesses frequently need to verify the identities of […]
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Risk

Acuant Launches Acuant®GO No Code IDV and KYC Solutions for Agile Digital Transformation

“Acuant , a leading global provider of identity verification solutions, today announced the launch of Acuant®GO , a suite of no code solutions. Acuant®GO delivers the power of the Acuant’s Trusted Identity Platform at lightning speed. It is the fastest way to go-to-market and deploy mobile and web identity verification and KYC/AML that meet regulatory, business […]
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Risk

LexisNexis® Risk Solutions Delivers Fraud Detection Capabilities and Insight into Identity Event and Application Activity through New LexisNexis® Fraud Intelligence Product

“LexisNexis® Risk Solutions today announced LexisNexis® Fraud Intelligence , the newest addition to the company’s suite of fraud and identity products. LexisNexis Fraud Intelligence is a non-FCRA solution that helps organizations mitigate new account fraud risk by bringing together identity events and consumer application activity to arrive at a comprehensive, powerful score that offers complete view […]
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Risk

Accertify Launches Digital Identity Solution to Battle Increasing Account Opening and Account Takeover Fraud

“Accertify, Inc., a wholly-owned subsidiary of American Express, today announced the launch of a new solution designed to help organizations address the significant rise in fraudulent online account openings and account takeovers. Accertify Digital Identity is a sophisticated API-based solution that empowers organizations to trust and verify who is on the other side of a […]
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Companies

Visa Introduces Advanced Identity Score to Help Financial Institutions Prevent New Account Fraud

“Visa Inc. today announced a digital tool to help U.S. financial institutions with their efforts to combat new account fraud – estimated at $10 billion a year – and give consumers greater peace of mind. Advanced Identity Score combines Visa’s artificial intelligence and predictive machine learning capabilities with application and identity related data to generate […]
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Risk

Ekata Launches New Identity Verification Tool to Fight Digital Fraud

“Ekata today announced the release of the latest innovation to its global identity verification dataset, Network Score. Network Score is a machine learning prediction that enables businesses to better identify good and bad customers based on a series of insights. The new dataset flags potentially risky digital transactions and fraudulent customers by analyzing the activity […]
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Domains

WorldRemit Partners With Onfido to Deliver a Simple, and Faster Verification Process for Customers

“WorldRemit has today announced a new partnership with Onfido, the global identity verification and authentication company, to make it easier and quicker for customers to open an account with WorldRemit, to send money abroad. Partnering with Onfido will allow the FCA regulated international payments company to further automate the Know Your Customer (KYC) decision-making process […]