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Deep Dive: Digital ID Developments From Around The World

PYMNTS

A wide range of biometric solutions are being used to develop national identification systems around the world. The following Deep Dive examines the potential use cases for biometrics in national identification systems and the security pitfalls they could encounter. . Colorado, Idaho, Maryland, Wyoming and Washington, D.C.,

Security 159
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Who Should Lead The Digital ID Push?

PYMNTS

The app stores digital versions of documents like drivers’ licenses, health cards and other forms of identity. Use cases for the digital ID wallet could include accessing age-restricted places like bars, signing into services like online tax filing or verifying identities at polling stations. Department of Commerce.

Wyoming 136
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Food Stamps Online: The $75B Grocery Game-Changer?

PYMNTS

Those who are unbanked pay to cash their checks, to get money orders to pay their bills and to buy and use prepaid cards. The situation creates something of a catch-22 for those in the lowest tax bracket — can’t stop being poor with saving, can’t save money until one stops being poor. Is there any way out of that?

Online 100
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Fintech Fundings: 13 Companies Raise $900 Million Week Ending Nov 12

Fintech Labs Insights

Other than Blackstone’s $820 million bet on what is likely the oldest financial technology company on the planet, NCR founded in 1884 as National Cash Register, just $82 million flowed to the under-100-year-old crowd. HQ: National, Maryland. Tags: SMB, savings accounts, tax, Lincoln Savings Bank (partner).

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SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congressional Hearing

PYMNTS

But banks, credit unions and card networks shy away from that industry, despite its revenue potential, due to concerns about federal regulatory punishment. The speakers told stories of violent armed robberies, money laundering and tax evasion, among other negative impacts of a cash-based industry. Cash Dangers.

Oregon 230
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SAFE Banking Act Gains Cannabis-Friendly Spotlight in Congressional Hearing

PYMNTS

But banks, credit unions and card networks — understandably —shy away from that industry despite its revenue potential due to concerns about federal regulatory punishment. They told stories of violent armed robberies, money laundering and tax evasion, among other negative impacts of a cash-based industry. Cash Dangers.

Oregon 115