Payments News

On The Web

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Security

SKT Teams Up with Deutsche Telecom for Blockchain Identity Platform

“The nation’s top mobile carrier said blockchain-based digital identification will make the process of verifying personal information much simpler and safer. The Korean and German firms will sign a memorandum of understanding (MOU) on the sidelines of the Mobile World Congress 2019 (MWC), scheduled to kick off on Monday in Barcelona. Under the MOU, SK Telecom and […]
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Security

New Uniform Contactless ID Cards Proposed for EU

“Under the proposed new rules, identity cards will have to be produced in a uniform, credit card format (ID-1), include a machine-readable zone, and follow the minimum security standards set out by ICAO (International Civil Aviation Organisation). They will also need to include a photo and two fingerprints of the cardholder, stored in a digital […]
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Security

Canada urges blockchain on for digital ID dream

““We should be open to innovative identity verification methods like document review through a live video connection, use of blockchain, biometrics and other methods that have begun to see widespread adoption in other parts of the economy,” Parmenter comments. “These methods have the potential to prove a person’s identity more securely and accurately than showing […]
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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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Deals

PayPal Targets Identity Ownership With Its First Blockchain Investment

“PayPal has joined a Series A investment in Cambridge Blockchain, a startup working to give individuals a way to own their own online identities without the need of middlemen like Facebook, much the way bitcoin lets its users store value without a bank. As part of the investment, PayPal’s first in blockchain, the company is […]
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Deals

OneLogin snares $100M investment to expand identity solution into new markets

“OneLogin is not a young startup by any means. The identity access management company was founded in 2009 and has watched while companies like Ping Identity, Duo Security and Okta had tidy exits. But as CEOs are fond of pointing out, the total addressable market is large and where investors see a chance, they take it. Today, the company announced a […]

On The Wires

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Security

Mastercard Introduces Consumer-Centric Model for Digital ID

“Mastercard (NYSE: MA) today introduced a vision for digital identity in today’s increasingly connected world.  A new paper, Restoring Trust in a Digital World , presents a detailed framework of how digital identity will work, starting with the individual sitting at the heart of every digital interaction. Guiding this model are Mastercard’s Principles of Digital Identity that […]