article thumbnail

Security Demands Spur Virtual Debit Card Adoption

PYMNTS

More consumers than ever are turning to online shopping channels to meet their needs during the pandemic, but many are also aware that cybercriminals are looking to capitalize on this stepped-up online activity to steal their card data. Firms are also prioritizing security as they transact online more heavily as well.

Cards 197
article thumbnail

Securing Digital Identities In The Information Age

PYMNTS

Phone numbers, email addresses, usernames and other online signifiers have become essential to verification as the world becomes more connected. 59 billion: Estimated value of the global biometrics market by 2025. 13 billion: Projected value of the identity verification market by 2025.

Security 148
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Deep Dive: How The COVID-19 Virus Is Impacting The Online Gambling Industry

PYMNTS

Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. billion by 2025, according to one study. Online Gambling Changes . The pandemic is sweeping through an already critical year for online betting. reaching a value of $102.9

Online 176
article thumbnail

Online Liquor Sales Are Booming – Can Digital ID Keep Up?

PYMNTS

Securing alcohol is one of the grand adventures of life, especially if a person is younger than the legal age to buy. First, he wants people to know what the growth of online alcohol sales really means, so no one carries around misconceptions. Online food delivery is in the midst of what might one day be called a golden age.

Online 169
article thumbnail

Does KBA Have A Place In Online SMB Credit Checks?

PYMNTS

Technology providers are exploring a range of solutions to seamlessly verify customers’ identities, with the biometrics market projected to reach more than $59 billion by 2025. Another form of identity security is biometrics. billion by 2025 — a staggering amount of growth from its current valuation of $5.4

Online 144
article thumbnail

FDA eCig Crackdown Boosts Appeal Of Online Authentication

PYMNTS

It might not have been inevitable, perhaps, but it was certainly expected: a regulatory backlash concerning the booming trade (both online and in brick-and-mortar stores) of eCigarettes , with their different flavors attractive to younger consumers — including underaged ones. This will have a huge impact,” Hochrieser told PYMNTS. “It

Online 152
article thumbnail

The CFPB section 1071 effective date

Abrigo

1, 2024, and report for the first time by June 1, 2025. This means that in addition to banks and credit unions, other lenders subject to the rule’s mandates are finance companies, online lenders, Community Development Financial Institutions (CDFIs), government lenders, and nonprofit lenders.