Payments News
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Deals

IDnow Pulls in $40M Growth Equity for Its Identity Verification Platform

“Identity Verification-as-a-Service (“IVAAS”?!) is a pretty tortuous phrase. But it’s now established as a key tech area for the tech industry as startups like Onfido, Jumio and others have proved with large funding raises in the last few years. Verifying ID is now also a key part of the gig economy. Joining them today is […]

On The Web

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Security

The Secret Trust Scores Companies Use to Judge Us All

“When you’re logging in to a Starbucks account, booking an Airbnb or making a reservation on OpenTable, loads of information about you is crunched instantly into a single score, then evaluated along with other personal data to determine if you’re a malicious bot or potentially risky human. Often, that’s done by a service called Sift, […]
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Security

Microsoft Launches Decentralized Identity Tool on Bitcoin Blockchain

“The open source project, called Ion , deals with the underlying mechanics of how networks talk to each other. For example, if you log onto Airbnb using Facebook, a protocol deals with the software that sends the personal information from your social profile to that external service provider. In this case, Ion handles the decentralized […]
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Security

“The modification to point-of-sale software blocks each Juul purchase until the shopper’s driver’s license or other government identification has been scanned. It also limits each purchase to a maximum of one vaporizer and four refill packs. So far, Juul said, Cumberland Farms Inc., QuikTrip Corp. and other chains representing 40,000 outlets have agreed to adopt […]
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Security

Colorado Driver’s Licenses Go Digital

“Colorado residents who download a special app can use their phones as a form of ID in places like bars, restaurants and banks, but it is up to the establishments to decide whether they accept the new format. Rolled out late last month, the technology that digitizes driver’s licenses or state IDs is part of […]
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Reports

Federated Bank ID: Implications for Business Payments

“Citi Trade and Treasury published “ The Age of Consent ” a treatise arguing for federated bank IDs that highlights an example from Sweden. A number of banking and fintech leaders provide commentary. Glenbrook’s Erin McCune considers the business payment implications of digital ID in her contribution.”

On The Wires

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Security

Mastercard Brings Digital Identity to Real World Tests

“The pilot program will test a new way for people to prove their identity without having to carry multiple documents. Instead, the model allows the data to sit with its rightful owner – the user. It will activate a distributed model that blends information stored on an individual’s mobile device and verified by additional reference […]
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Security

Mastercard Expands Digital Identity Commitment with Samsung Electronics

“Ajay Bhalla, president of cyber & intelligence at Mastercard, said: “Our digital and physical lives are merging and we need a digital identity solution that reflects this reality. Without control over how their data is used, people rely on outdated systems that can compromise their security. Our collaboration with Samsung advances a digital identity solution […]