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

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.”
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Security

CULedger Completes Blockchain Identity Pilot With Three US Credit Unions

“CULedger claims that MyCUID users can verify their identity by using a biometric function on their smart phone, such as voice, fingerprint or facial recognition. The vendor says that data from its pilot indicated that the average time to verify a member’s identity had been reduced from the industry average of more than 50 seconds […]
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Global

IDology’s ExpectID to Offer Integrated Global Capabilities, Enabling Secure and Frictionless Identity Verification Across Borders

“IDology , a GBG company, today announced that its ExpectID solution will incorporate additional countries from North America, South America and Europe. By internationalizing the leading identity verification platform, multi-national organizations will be able to verify and authenticate more customers safely, in real time and without friction.  ExpectID uses an innovative, multi-layered process to access thousands of data sources […]
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Security

This Startup Is Helping Local Stores ID Customers During COVID-19

“Pure play ecommerce outlets have spent years developing systems to manage transactions and verify customer identities, but most retailers on Main Street are accustomed to seeing shoppers in person and visually checking IDs. A San Francisco-based startup called Persona is offering to help those local businesses adapt by giving away its online ID verification service […]
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Security

Credit Union Provider CULedger Goes Live With Blockchain Identity

“Initially launched as a blockchain consortium of U.S. credit unions, CULedger later became a credit union service organization (CUSO). Last year, the firm raised $10 million in Series A funding.  MemberPass is the rebranded version of CULedger’s flagship product MyCUID , the KYC-backed digital identity solution. It enables members to control their identity and securely […]

On The Wires

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Security

Kount Unveils Identity Trust Global Network With New Adaptive AI Technology, Largest Data Network of Trust and Fraud Signals, and User Experience Engine

“Kount , the leading AI-driven fraud prevention solution, today unveiled its Identity Trust Global Network, flipping the script on fraud management from just blocking bad transactions to empowering organizations to unlock previously untapped revenue streams through delivering personalized user experiences. Identity Trust is the ability to establish a real-time level of trust for each identity […]
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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 […]