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Illinois Regulator First In US To Join R3 Blockchain Consortium

PYMNTS

As the underpinning technology to the digital currency bitcoin, blockchain technology is still in its infancy stage. While companies learn more about the technology, various financial institutions are dipping their toes into the blockchain pool. regulator has joined its fold. As we reported earlier this week, the U.S.

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Do Consumers Own Digital ID Algorithms? Look To Illinois.

PYMNTS

Biometrics promise to take a larger role in authentication security in 2019, helping to stop online fraud and bringing speed, efficiency and security to transactions ranging from QSR mobile-order ahead to airport car rentals. Illinois’ Role. for use of biometric data. Six Flags Case. Larger Trends.

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Blockchain Tracker: 88 Bales Of Cotton, Illinois State Gov. And Adoption

PYMNTS

“A key result of this application is in the reduction of paperwork and delays in processing and, therefore, the ability to reduce fraud. The smart contract and blockchain technologies will prevent the use of the same shipment of goods to satisfy more than one contract.”. And that’s at the international level.

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How community banks can address cybercrime

Independent Banker

Fraud and cyber attacks are on the rise, and at great expense to the industry. Here are some ideas for strengthening fraud defenses. Fraud and cybercrimes continue to increase, causing challenges for community banks. Illustration by Cnythzl/iStock. By William Atkinson. Cybercrime could cost $10.5

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Blockchain Tracker: Banks’ Experimentation With Blockchain Tech

PYMNTS

In the midst of today’s retail revolution, blockchain technology is being pushed up to the surface. E-Commerce’s increasing popularity over the last decade is likely the driver of blockchain technology implementation. Committing identity fraud is typically at the core of data-stealing schemes in an attempt to steal money.

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Is A Biometric Backlash Brewing?

PYMNTS

States are moving to tighten their biometric privacy laws, following the lead of Illinois, which has what are considered to be the strictest protections in the U.S. That’s not only because of the motivation to fight and prevent fraud, though that is certainly a big part of it. The method?

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NEW REPORT: Can Smarter Payments Kill Off Timesheets?

PYMNTS

The city of Bakersfield, Illinois, for example, recently disclosed that cybercriminals had compromised the third-party website Click2Gov, used to process residents’ utility and municipal payments. Companies like Dunkin’ are not the only victims of a data breach, of course. Giving Gig Workers Faster, Safer Payments.

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