Identity Verification/page/11 news and trends

Skipify’s Shrauger on Moving Past Wallets to Digital Identity as Payment Credentials
Payments Innovation // July 15, 2024

Consumers want what they want, how they want it. Consequently, when it comes to payments and commerce, businesses that can adapt to their needs and offer convenient ways to pay are best positioned to win in the long run. Case in point: digital wallets. The...

Markaaz CEO Says New Take on Data Helps Banks Close Small Business Identity Gap
Authentication // July 11, 2024

How do you really know a business? The credit score can be misleading, especially for a small business that has weathered the pandemic. A profit and loss statement shows the cold numbers but doesn’t tell the whole story of the dynamics that a business may...

OCC Head: ‘Tried-and-True Scams’ Remain Common in Financial Fraud
Security & Fraud // July 10, 2024

Banks can help combat fraud targeting consumers by verifying the accuracy of transactions, educating the public, and maintaining strong controls and fraud monitoring capabilities, Acting Comptroller of the Currency Michael J. Hsu said. Speaking Wednesday (July 10) during the Financial Literacy and Education Commission’s Public...

Knowledge Is Power When It Comes to B2B Buyer-Supplier Dynamics
B2B Payments // July 10, 2024

As the B2B landscape embraces digitization, traditional buyer-supplier dynamics are undergoing a sea of change. With news Monday (July 8) that business identity platform Niva brought to market its business verification solution, firms know that no matter the shifting nature of today’s contemporary B2B transaction...

Interviews & Exclusives
Markaaz CEO Says New Take on Data Helps Banks Close Small Business Identity Gap

July 11, 2024
How do you really know a business? The credit score can be misleading, especially for a small business that has weathered the pandemic. A profit and loss statement shows the cold numbers but doesn’t tell the whole story of the dynamics that a business may have encountered on the way to the present moment. Add […]

The $400 Million Problem: Intellicheck CEO Details the Cost of Fake IDs

June 26, 2024
Bryan Lewis, CEO of Intellicheck, has a stark take on just how severe the damage a fraudster can inflict with a few bits of information. “People don’t realize how easy...

State Dept. Tests Online Passport Renewals as Digital IDs Gain Traction

June 14, 2024
The U.S. State Department recently announced it is beta testing a public-facing program that enables would-be travelers to renew passports online. As of this week, people who want to renew...

Walmart and Amazon Race to Digitize the Physical Store

June 14, 2024
As Walmart and Amazon compete to stay at the forefront of retail’s omnichannel transformation, the two industry giants are integrating digital technologies into physical stores, aiming to provide the most...

Quick Reads
Prove Debuts Self-Service ID Verification Platform

July 16, 2024
Prove has introduced tools to help customers integrate its identity verification technology into their operations. The company on Tuesday (July 16) announced its developer self-service platform along with an identity solution known as Prove Link SDK. “As businesses exhaust huge amounts of resources to fight fraud and mitigate risk, they’re oftentimes doing so at the […]

OCC Head: ‘Tried-and-True Scams’ Remain Common in Financial Fraud

July 10, 2024
Banks can help combat fraud targeting consumers by verifying the accuracy of transactions, educating the public, and maintaining strong controls and fraud monitoring capabilities, Acting Comptroller of the Currency Michael...

Niva Raises $3.3 Million for AI-Powered Business ID Solution

July 08, 2024
Business identity platform Niva has launched after raising $3.3 million for its verification solution, according to a Monday (July 8) news release. Verifying the identities of small and medium-sized businesses (SMBs) by screening...

FiVerity Unveils Risk Management and Fraud Prevention Platform

June 25, 2024
Identity verification and fraud prevention firm FiVerity is launching its Identity Trust Management platform. The platform integrates features such as enhanced know your customer (KYC) measures, fraud investigation, continuous monitoring,...