Financial Services

Biometrics are used in financial services to aid in the flow of money from account opening through payments and transfers. This includes biometric payment cards, point-of-sale and payments systems, transaction processing and other payment technologies, as well as onboarding and regulatory checks, and mobile wallet applications.

Accelerate digital ID, review verification trust framework often to fight fraud: report

Dec 9, 2024, 7:35 pm EST

In the twentieth century, a phone call most often meant family or friends reaching out to catch up or share…

Socure consortium hits milestones in tackling First-Party Fraud problem

Dec 9, 2024, 1:06 pm EST

Heeding the call for more collaboration and joint defense across industries facing a massive increase in identity fraud, Socure has…

Mastercard brings Payment Passkey Service to Latin America

Dec 6, 2024, 12:05 pm EST

Mastercard has debuted its Payment Passkey Service in Latin America, in a partnership with Brazil events platform Sympla and global…

Digital ID infrastructure will speed up financial inclusion push in Pacific Islands region

Dec 6, 2024, 10:55 am EST

For Pacific Islands nations to effectively implement their digital transformation agenda and advance financial inclusion, putting in place the right…

Mitek unveils multilayered GenAI fraud detection to stop PAD, injection attacks

Dec 5, 2024, 7:41 pm EST

Mitek Systems has launched what it calls the first multilayered solution to the growing challenge posed by generative AI for…

Digital wallet strategies are pitting payments against identity

Dec 5, 2024, 5:25 pm EST

Digital identity wallets are here – and so, some say, are the wallet wars, as leading tech firms jockey to…