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ID Verification Benefits Both Consumers And eCommerce Sites

PYMNTS

According to October’s Digital Identity Tracker® , “the pressure is on for digital retailers to offer seamless and secure purchasing experiences as consumers spend more time than ever shopping online. [A That doesn’t leave a whole lot of room for error, customer experience-wise.

Security 189
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Outfoxing The Cyberfraudsters In Real-Time With Live IDs

PYMNTS

Among the front row seat observers in the battle for payments security is Stephen Stuut, CEO of online mobile payments and identity verification company Jumio. PYMNTS: How would you define your company’s approach to innovation? SS: Our approach to innovation is two-pronged. SS: Our approach to innovation is two-pronged.

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Enforcing AML/KYC Compliance When Legal Precedent Does Not Apply

PYMNTS

Biometric recognition technology uses a combination of artificial intelligence (AI) and machine learning (ML) to scan, analyze and store users’ biometric data, such as fingerprints, facial features, voices or even online browsing patterns to confirm that users are who they say they are. Digital Innovation, Legal implementation.

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Top News In Payments: Square Unveils CBD Early Access Program; New York Examines Payroll Tech Industry

PYMNTS

Does KBA Have A Place In Online SMB Credit Checks? Financial management app Nav helps small businesses access credit reports, leverages knowledge-based authentication (KBA) to verify its users — but is not without its share of challenges. ClassPass CEO: How Digital Platforms Have Innovated Health, Fitness.

New York 122
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Deep Dive: How FIs Are Looking Beyond Traditional Know Your Customer Data To Spot Synthetic ID Fraud

PYMNTS

Banks are incorporating harder-to-steal details in their verification processes as well, looking beyond knowledge-based information and gathering details about customers’ online behaviors. FIs can also check whether requests are coming from devices or through channels that could be associated with fraudsters. .

Fraud 132
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Deep Dive: The Need For Real-Time Data To Keep Onboarding Fast And Secure

PYMNTS

Using biometrics in place of old-school knowledge-based authentication (KBA) procedures and passwords can also help improve the overall onboarding experience. FIs have been interested in biometrics ever since fingerprint-based login became a common functionality on smartphones and other devices. Biometrics and Onboarding.

Security 133
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TRENDING: Why Tech-Savvy Customers Still Use Airline Call Centers

PYMNTS

Call centers are where customers turn when they can’t find answers online or need support to work through complex matters. Another area that may be more than ripe for innovation is security. The solution is designed to help contact centers deploy an omnichannel platform that can be customized to fit the needs of various businesses.

Trends 100