Digital ID

The tech giant's integration of state-issued identification with its Wallet app could transform the way banks and credit unions handle identity verification. But Apple hasn't stated what its terms will be.

Utah Community Credit Union and state officials as part of an experiment are letting consumers use electronic ID to open accounts and conduct other business. It's easier said than done.

Rapyd's new venture capital arm seeks companies that can develop or benefit from an international identity verification system.

Apple will allow some iPhone users to scan their driver's license and protect it with the same security used for payment cards in Apple Pay.

The initiative would standardize and expand security, but marketing restrictions weigh against the business case for adoption.

John Adams, Executive Editor at PaymentsSource, talks to Debbie Gamble, chief officer of Innovation Labs and New Ventures at Interac, about Canada's growing digital needs.

Mastercard is buying Ekata, a startup that has been rapidly developing AI-powered digital identity tools that weed out online fraud during the recent surge in e-commerce during the pandemic.