Payments News

On The Web

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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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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

“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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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 […]

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 […]
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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 […]