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.

The card brand is working with the International Chamber of Commerce to support authentication to vaccine and test tracking. It may not be an easy task.

The e-commerce giant's Amazon One palm-scanning can enroll consumers for building access and other use cases that require an ID.

Major projects like Diem are moving crypto beyond its fan base, according to Icon Solutions' Simon Wilson.

Will Graylin's new company OV Loop wants to use artificial intelligence — including the platform it just inherited with its PayFi acquisition — to connect digital ID to in-app payments, making it easier for banks to work with third-party wallets.

The widespread shift to e-commerce and touchless payments during the pandemic has escalated fraud risk in those channels, including the possibility of fraudsters combining altered photos with synthetic ID, Experian warns.

The concept marries digital ID to the trend toward making the car’s internet connectivity an e-commerce lane.

By slicing clutter out of international payments, Ripple managed to turn rivals into partners once before. It hopes a hunger for sharable authentication can make that happen again.

Republicans and Democrats are negotiating a new coronavirus stimulus package, but there’s still no law on the books designed to erase the problems that prevented many stimulus payments from getting directly to recipients.

TransUnion is expanding the geographic reach of its instant Document Verification service in response to the pandemic, with more users requiring ID confirmation from remote locations as fraud risks hit new highs.

One of the many fraud risks coronavirus triggered is criminals leveraging stolen personal data to open bogus accounts, along with siphoning off credit card rewards, loyalty points and miles from consumers idled during pandemic-related lockdowns.