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Identity As A Service To The Rescue

PYMNTS

Social media platforms are infested with phonies, and not just your best friend’s irritating co-worker (although he totally is). This is about the fact that fake identities comprise 25 percent of new social media accounts created every day, and that 53 percent of all social media logins are fraudulent , according to a recent study.

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Connected Consumers Won’t Trade Security For Efficiency

PYMNTS

The more connected devices consumers have, the more concerned they are about the security of their financial information. Today’s shoppers want the transparency of being able to verify that they’ve been charged the correct amount, and many aren’t willing to trade this security for the convenience of auto-payments.

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How Tech Innovators Are Enabling Contextual Commerce Experiences

PYMNTS

In the highly connected digital age, consumers are interacting with a multitude of social media sites as well as apps and connected devices. Simply said, contextual commerce occurs when a consumer sees a product on a smart device or social media feed (and even a recommendation from a friend) and buys the product.

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Facebook Loses Another Senior Exec

PYMNTS

This marks yet another executive to announce he or she is leaving the social media giant. Earlier in August Alex Stamos, the chief security officer, left while in July Facebook lost Colin Stretch, the company’s head legal counsel, noted the report.

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Apple Pay Trending Up as Target, Other Retailers Add Payment Option

Bank Innovation

Apple Pay was trending across social media today on news the payment option will soon be accepted at Target, Taco Bell and other major U.S. The company touted the service’s ease of use, security and speed at the register. According to Apple, 74 of the top 100 U.S. merchants now accept Apple Pay. But […].

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Top News In Payments: The Fed Takes A Closer Look At Big Tech; Goldman CEO Denies Apple Card Credit Bias Claims

PYMNTS

In today’s top payments news, ongoing security concerns have caused the Federal Reserve to take a closer look at the Big Tech firms that serve the banking industry. People don’t know what’s true and what’s not, and what to believe,” he noted, adding that instead of uniting people, technology — like social media — is “splintering” them.

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How Online Universities Take Fraudsters To School

PYMNTS

In fact, a recent study found that cell phone numbers were the fifth-most-important part of respondents’ identities, following Social Security numbers, driver’s licenses, dates of birth and home addresses. Mobile wallets have become popular vehicles for storing and accessing credit card information, plane tickets and other documents.

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