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Equifax Strikes Deal To Buy Kount

PYMNTS

Equifax has inked a deal to purchase artificial intelligence (AI)-powered fraud prevention and digital identity technology provider Kount for $640 million. Kount’s staff members will become a part of Equifax’s United States Information Solutions (USIS) business unit and will still be based in Boise, Idaho, according to a Friday (Jan.

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Deep Dive: How Banks Use Digital Technologies To Outlast The Coronavirus

PYMNTS

Some have added support for in-branch digital technologies such as video banking screens and upgraded ATMs to minimize in-person contact while making sure customers’ needs are met, for example. Digital Technologies Under COVID-19. British FI Nationwide U.K.

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Why State And Local Governments Struggle To Shred The Paper Check

PYMNTS

Digital disbursement innovation is picking up speed in certain states, luckily, as digital payment technology becomes more readily available and less costly. In the State And Local Disbursements Report , PYMNTS examines the current state of disbursement innovation and reform for U.S. government departments. Government Agencies.

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Now is a prime time for digital account opening

Independent Banker

That includes allowing customers to open accounts completely online,” says Charles Potts, ICBA’s senior vice president and chief innovation officer. The Bank of Idaho integrated online account openings into its website in 2015. It’s a tool, but it’s not meant to replace important relationships between the customer and the bank.”.

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Kicking The Paper Check From Its Public Payment Perch

PYMNTS

At base, every government agency wants three simple things when it comes to disbursements: increased efficiency, transparency and security. That is just the start of what institutions can do with a digital disbursement program as they continue to evolve with new technologies and mechanisms to improve.”. A Patchwork Project .

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Deep Dive: Why State And Local Agencies In The US Still Struggle With Instant Payments

PYMNTS

However, government bodies are unable to innovate at the same breakneck pace as retailers or other consumer service industries, as they must adhere to complex regulations, and ensure that their software is not leaving partners behind. Payment Challenges Stall Government Innovations . Check fraud affected 70 percent of U.S.

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Deep Dive: Why Smart Cities Should Get Smart About Digital ID

PYMNTS

For citizens to engage with these services and trust them, seamless and secure digital identity tools will be essential. Though kiosk-based medical care might seem impossible, the current usage of health-related connected devices indicates that this technology could someday become a reality. On-Demand And Unattended Health Services.