Digital Identity

Digital Identity
An Inside Look at Authentication Done Right
February 13, 2023

With 70% of U.S. adults interested in advanced ID verification, companies that leverage it to speed sign-in are poised to gain revenue, Spark Wallet CEO Martin Spusta tells PYMNTS.

Digital Identity
Advanced Identity Tools Speed Crypto Account Access and Build Revenue
February 10, 2023

Streamlined digital account opening is a must-have for all financial institutions (FIs). A critical step in that process is the login experience, for which customers increasingly require speed and security. The need for a seamless experience is crucial, as incorrect password attempts cause consumers to...

Digital Identity
EU Debates Digital ID as New Regulation Looms
February 06, 2023

The European Union’s new electronic identification regulation is being criticized on multiple fronts. Designed to supersede the 2014 electronic identification and trust services (eIDAS) regulation, the European Commission proposed a revised eIDAS (eIDAS 2) in 2021 with the goal to give internet users more control...

Digital Identity
PYMNTS Intelligence: Better, Faster Digital Identification a Must-Have for Consumers, Regulators
December 16, 2022

Authorized push payment (APP) fraud, identity theft, synthetic account fraud and first-party misuse are all growing problems for many industries and countries. In the United Kingdom, financial loss from APP scams, which involve fraudsters deceiving individuals into sending payments to bank accounts that the fraudsters...

Digital Identity
An Insider on Why Banks Must Collaborate to Stay Ahead of Fraud
December 15, 2022

With a single fake identity, bad actors can wreak havoc by going from bank to bank and exploiting it for all they can get. In the “Digital Identity Tracker®," Lisa Zeimetz of First National Bank and Trust explains why information sharing among banks and employing...

Digital Identity
Information Sharing Helps Banks Fight Consumer Identity Fraud
December 14, 2022

Increasing online fraud threatens businesses and consumers, and both are aware of the growing problem. Fraudsters use leaked credentials in 95% of credential-stuffing attacks on retail websites. Automated threats are responsible for 62% of security incidents in eCommerce, with 64% of automated account takeover (ATO)...

Digital Identity
Identity Data Takes on Commercial Use Cases Beyond Fighting Fraud
November 14, 2022

As fraud prevention experts work to thwart shadowy foes, the identity data that is central to detecting and stopping theft has other uses that are emerging alongside new fraud-fighting tools. Speaking with PYMNTS for our “Executive Insights Series – The Next Three Years,” Jared Kernodle,...

Digital Identity
PYMNTS Intelligence: Winning the Fraud Prevention Arms Race
November 07, 2022

Fraud has multiple knock-on effects beyond the initial monetary loss, both for businesses and their customers. A recent study identified the potential for fraud incidents to negatively impact both the customer experience and customers’ views of a company. Companies also lose in terms of resources spent...

Digital Identity
Finding the Utility in Authentication Friction
November 04, 2022

An interview with Lenny Gusel, former head of cybersecurity solutions at J.P. Morgan and fraud strategy executive at Bank of America, about the implications and effective implementation of advanced payments authentication — Cross-platform ubiquity  Plans to implement passkey sign-in across platforms by Google, Microsoft and...