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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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

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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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

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 […]

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 […]
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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 […]