Identity theft and other types of fraud will become even more widespread in 2023. That’s according to the latest report released by the Identity Theft Resource Center (ITRC), which predicts that next year will see a greater proliferation of payment app scams. Incidents of ID...
Fraud prevention company Panini has debuted BioCred, its identity verification product. Unveiled Monday (Dec. 5) at the Future Branches conference in Austin, BioCred is designed to reduce fraud and improve service for walk-in customers visiting physical branches, the company said in a news release. “No...
People in South Korea will soon be able to have their identification digitally embedded into their smartphones and secured on the blockchain, a move by the government intended to boost the economy by leveraging the country’s large tech-first population. Smartphone-implanted IDs would replace existing ID...
Depending on the country they live in, Android users of the Google Pay app may have noticed a recent update replacing Google Pay with a new, multipurpose Google Wallet. Per Google, the roll out of the wallet will impact users in close to 40 countries...
Africa’s technology industry is booming, helped by a competitive tech landscape that has contributed to a leapfrogging effect of bypassing traditional paths like landlines straight to mobile phones. And over the years, this development has led to a rapid adoption of eBanking and mobile money...
U.S. Sen. Ron Wyden, D-Ore., on Wednesday (May 18) wants the Federal Trade Commission (FTC) to investigate whether identity verification services provider ID.me, which is used by federal and state agencies, made “multiple misleading statements” about its facial recognition use. Wyden wrote a letter to...
eCommerce fraud is a fast-growing problem, with scammers working every day to steal customers’ data, corporate funds, and consumer goods on a daily basis. One recent study showed that more than 17% of all eCommerce transactions during the 2021 holiday shopping season were fraudulent, a...
Early Warning Services has launched Verify Identity, a synthetic identity fraud detection solution for qualifying financial services organizations (FSOs), mobile network providers, corporations and government entities, the FinTech said in a news release Tuesday (May 3). The company, which is owned by seven of the...
Veriff, a global identity verification provider, is partnering with Alloy, an identity decisioning platform, to enhance Veriff’s know your customer (KYC) offerings, according to a Thursday (April 14) press release. The partnership will help banks and FinTechs fight fraud and remain compliant while also providing additional...
