Id Verification news and trends

Secure or Be Scammed: Business Identity Innovations Drive Ecosystem Growth
Authentication // September 25, 2024

How well do you know the organizations your business transacts with? And how well do they know your business? As the digital transformation accelerates, and businesses are confronted with escalating cyber risks and vendor identity fraud, it’s a question worth asking. The modern business environment...

What Payments Professionals Should Know About Biometric B2B Payments
Biometrics // September 16, 2024

There are over 8 billion people alive on earth, and their growing expectations around frictionless and secure digital experiences are continually transforming payments and commerce. Underpinning that is the emerging need for a digital identity layer. With the news that Google Wallet on Thursday (Sept....

Illuma Labs Raises $9 Million for Bank Voice Verification
Investments // September 12, 2024

Illuma Labs has raised $9 million to speed the development of its voice verification tools. The company, which makes voice authentication technology for banking contact centers, announced its series A funding round in a news release Thursday (Sept. 12), saying it would help banks address...

Google Wallet Debuts Digital IDs and Enhances Commuter Features
Google // September 12, 2024

Google Wallet on Thursday (Sept. 12) unveiled enhanced features to improve the travel and commuting experience. Starting soon, per a Thursday Google blog post, U.S. users can create digital IDs from their passports for use at select TSA checkpoints, making domestic travel more convenient. The...

Interviews & Exclusives
Circle of Trust: How Digital Identities Can Secure the Gig Economy Against Fraud

September 05, 2024
Fraudsters, like consumers, love a good deal. And the gig economy, estimated to be worth half a trillion dollars in 2023 and employing 38% of the U.S. workforce, is becoming their latest target — with more than a third of U.S. consumers report being victims of fraud on gig platforms, a rate 10 times higher […]

Bot? Fraudster? New Technology Finds Legit Users Without Compromising User Experience

July 25, 2024
The most sustainable and effective business successes frequently come from striking the right balances. And one of the more challenging balances for businesses to strike is between a robust and...

Passwordless Future Key to Competing in Digital Economy

June 25, 2024
In today’s digitally connected economy, security and user experience are becoming increasingly intertwined and interdependent. Against that backdrop, the transformative potential of passwordless authentication represents a crucial step toward a...

Spike in Identity Fraud Forces Banks to Embrace Innovation

April 23, 2024
To the hammer of a bad actor, everything vulnerable looks like a nail. And with the rise of sophisticated fraud techniques, organizations like financial institutions that are operating within security-critical...

Quick Reads
ID.me Seeks $1.8 Valuation As ID Theft Threat Grows

October 09, 2024
ID.me is reportedly aiming for a $1.8 billion valuation in a share sale. As Bloomberg News reported Tuesday (Oct. 8), sources close to the matter say the company itself is not selling the shares, but will let employees and early investors sell their shares. One of the sources say the deal marks an increase from […]

Illuma Labs Raises $9 Million for Bank Voice Verification

September 12, 2024
Illuma Labs has raised $9 million to speed the development of its voice verification tools. The company, which makes voice authentication technology for banking contact centers, announced its series A...

AWS and Mastercard Lead Industry Coalition to Fight Economic Crime

September 02, 2024
The Centre for Finance, Innovation and Technology (CFIT) has formed an anti-financial crime group. The U.K.-based group announced the effort Monday (Sept. 2), noting it had recruited several tech and...

Block Joins NIST Program to Promote Mobile Driver’s Licenses

August 29, 2024
Block is working with the U.S. government to promote the use of digital identity tools. The FinTech conglomerate announced Thursday (Aug. 29) that it was working with the National Cybersecurity...