Identity

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Bank identity checks push one in four consumers to a competitor

11 Jun 21 @ 15:44

New data from FICO reveals the levels of consumer tolerance to new account opening security checks. With 23% of UK respondents admitting to going to a competitor if asked to visit... read more

EU planning on launching 27 state-wide digital wallet for private and public services

02 Jun 21 @ 11:23

As the race for digital ID supremacy hots up, the EU is set to unveil detailed plans for a bloc-wide digital wallet following requests from member states to find a... read more

Signicat acquires Encap to create digital identity and authentication powerhouse

02 Jun 21 @ 09:00

Signicat has acquired Strong Customer Authentication (SCA) specialist Encap Security from AllClear ID. With Encap’s secure mobile app-based authentication solution, Signicat ensures SCA compliance across the full customer lifecycle. The acquisition... read more

Genesis Market: Over 18,000 new stolen identities added each month

18 May 21 @ 15:16

While many underground markets for stolen credentials operate from the anonymity of the dark web, Genesis Market is accessible from the open web. Access to the illegal marketplace is closely guarded... read more

Payment fraud fears grow – 65% of consumers more concerned about fraud

17 May 21 @ 09:58

As the pandemic drove consumers online en masse to make purchases, consumer anxiety around fraud saw a considerable spike. For the 2021 Fraud Report, Marqeta surveyed 2,000 consumers across the... read more

KYC and the rise of cryptocurrency payments

14 May 21 @ 09:57

What a difference a year makes. Just 18 months ago, leading global bankers were describing cryptocurrencies as “a worse [bubble] than tulip bulbs” – and now Goldman Sachs has launched... read more

The coming crisis in KYC and KYB explained

04 May 21 @ 09:35

A wide range of factors are converging to make Know Your Business (KYB) a major pain point for financial institutions (FIs) in the years ahead. Banks and other FIs must... read more

Facial recognition for payments authentication to hit 1.4 billion users

14 Apr 21 @ 15:52

A new study has found that the number of users of software-based facial recognition to secure payments will exceed 1.4 billion globally by 2025, from just 671 million in 2020.... read more

Report: The 2021 Identity Fraud Study

01 Apr 21 @ 10:48

The 2021 Identity Fraud Study reveals a daunting new threat to consumers and businesses: identity fraud scams. While total combined fraud losses climbed to $56 billion in 2020, identity fraud... read more

Podcast: Harnessing AI to achieve hyper automation in payments

26 Mar 21 @ 15:09

The increased availability of computer power coupled with readily available state-of-the-art open-source algorithms has made it possible to automate complex tasks. This trend, of applying advanced technologies, including AI and... read more

Major payments players call on G7 for Data and Technology Forum

23 Mar 21 @ 11:50

Leading technology and payments companies including Mastercard, Visa, SoftBank and IBM are lobbying the G7 to create The Data and Technology Forum which they hope will co-ordinate how members tackle... read more

Biometric cards upgrade: easier and cheaper than you think

22 Mar 21 @ 17:30

With fraud shooting up during COVID-19 and consumer concerns about hygiene and theft on the rise, biometric cards are the best way to secure the contactless transactions now used for... read more

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Swift launches new framework for cross-border payments

09 Mar 26 @ 14:45

SWIFT has introduced a new international payments framework aimed at significantly improving the speed, transparency and predictability of cross-border retail t... more

Visa tests the foundations of agentic payments in Europe

17 Mar 26 @ 15:03

Visa is moving to bring agentic commerce closer to commercial reality, launching a new programme with banks across the UK and Europe to test how artificial inte... more

Credit’s next competitive frontier beyond top of wallet

12 Mar 26 @ 18:21

For years, the credit card industry has pursued a simple ambition: to become the card a consumer reaches for first. [caption id="attachment_52085" align="a... more