Payments News

On The Web

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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

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

Banks Work with Fintechs to Counter ‘Deepfake’ Fraud

“Banks and fintech groups are setting up partnerships to combat the use of doctored video and audio content by fraudsters, as research shows such ‘deepfake’ crimes are the biggest worry among customers. HSBC this week became the latest bank to sign up to a biometric identification system, developed by technology firm Mitek and offered through […]
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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 […]

On The Wires

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Security

Socure Unveils Industry’s First BNPL-Specific Solution, Extending Its Leadership in Identity Verification and Trust for Alternative Payment Providers

“Socure , the leading platform for digital identity verification and trust, today announced the introduction of the first identity verification and fraud solution purpose-built for the Buy Now, Pay Later (BNPL) industry. The solution leverages the technology and data currently used by more than 100 top BNPL providers, alternative payment providers, fintechs, banks, and credit […]
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Deals

Mitek Acquires ID R&D to Lead Fight Against Biometric Identity Fraud

“Mitek (NASDAQ: MITK), a global leader in digital identity verification, today announced that it has acquired ID R&D , an award-winning provider of artificial intelligence (AI)-based voice and face biometrics and liveness detection. Shareholders of ID R&D will be entitled to receive up to $49 million in Mitek stock and cash as consideration. ID R&D’s […]
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Security

Boku Partners With French Carriers to Launch Mobile Identity Services in France

“Boku Inc., (AIM: BOKU ), the world’s leading provider of mobile payment and identity solutions, and French mobile services providers SFR, Orange and Bouygues Telecom, today announced that they have signed a partnership to launch mobile identity products aimed at protecting consumers against cyber-hacks, account takeover attacks, SIM swap attacks, and other forms of digital […]
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Global

Ten Spanish companies join forces to promote digital identity using blockchain technology

“Ten leading Spanish companies are working together to develop a self-managed digital identity model with blockchain technology, which will bring Spain to the fore in this kind of development.  The project, including Banco Santander, Bankia, BME, CaixaBank, Inetum, Liberbank, Línea Directa Aseguradora, Mapfre, Naturgy and Repsol, and also the Alastria consortium, will give users control […]