article thumbnail

Seattle Seahawks Chalk Up An Authentication Win With Biometrics

PYMNTS

Apple’s new offering, a biometric credit card, comes with security features that make fraud difficult for bad actors. The card also prevents fraud by using biometric security solutions, like Touch ID and Face ID, which are available in newer iPhone devices. Seattle Seahawks Score a Biometrics Win. About the Tracker.

Seattle 155
article thumbnail

The Problem With How Most Banks Use IP Address Checks To Fight Fraud

PYMNTS

The growing cost of online fraud – and finding ways to detect it – has long been a costly concern of financial institutions (FIs). He said banks and payment processors already have this technology on hand – they’re just not using it correctly. . If you beat the geolocation fraud, you beat all the fraud,” Briggs said.

Fraud 266
Insiders

Sign Up for our Newsletter

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

article thumbnail

Startups to take the stage at Bank Innovation Ignite

Bank Innovation

Bank Innovation has hand-selected 10 companies to participate in its DEMOvation Challenge at Bank Innovation Ignite, which runs from March 2-3 in Seattle. The companies focus on a variety of use cases including customer acquisition, loan underwriting technology, conversational AI, fraud prevention, and other digital capabilities.

article thumbnail

B2B Payments, Biometrics, Amazon Go Tech Top This Week’s News

PYMNTS

We have deep dives into business-to-business (B2B) payments for business-to-consumer (B2C) merchants, biometrics and Amazon ’s “Just Walk Out” technology. . Amazon Sells ‘Just Walk Out’ Technology To Merchants. Amazon is making its “Go” concept available to other retailers who have an interest in its “Just Walk Out” technology.

Seattle 231
article thumbnail

Five At Five: Amazon’s Christmas Plan — And Its New Challenge From eBay

PYMNTS

Ripple faces another lawsuit related to its digital currency technology, and there is word about a big deal out of the Mobile World Congress Shanghai conference. Amazon Go Will Open A Second Location in Seattle. The new Amazon Go store, located in Seattle, will stand about a mile away from the other location.

Seattle 100
article thumbnail

Top News In Payments: Apple Buys AI Firm For $200M; $500M Debt Rescue Plan Considered For Taxi Drivers

PYMNTS

Apple bought AI firm Xnor for $200 million, edging out Microsoft, Amazon and Intel for the 2-year-old Seattle-based firm that makes smart devices smarter by running machine learning technologies on edge devices. How AI Helps Marketplaces Fight Off-Platform Fraud. Apple Makes $200M Acquisition In Race For AI Dominance.

Apple 130
article thumbnail

Retailers Increasingly Turn To AI For Security And Efficiency

PYMNTS

As the new PYMNTS Merchant Fraud Decisioning Playbook shows, fraudsters are starting off the new decade armed with the stolen data and credentials of millions of global consumers, and they are already putting that data to use. To do so, however, these companies will need to make some adjustments to their fraud protection strategies.

Retail 149