PYMNTS

SEPTEMBER 17, 2020

Identity verification provider Jumio found in its Global Trust and Safety Survey that one in five U.S. The sharing economy — a market projected to be valued at more than $300 billion by 2025 — can adopt a number of different digital identity verification tools to help build that trust, however. . Seamless, Secure Onboarding .

Verification 89

Verification Authentication Economy Data Breach 89

FICO

APRIL 8, 2020

Identity Verification. The digital identity verification equivalent enables a “selfie” sent by the applicant to be accurately compared with the photo of their identity document. Together identity validation and identity verification are often referred to as identity proofing. Enrollment.

Accounts 52

Accounts Enrollments Authentication Verification 52

FICO

JANUARY 11, 2021

Identity-based fraud takes many forms: application fraud , bust-out fraud , account takeover , synthetic identities and identity theft. Because humans are involved, the thoroughness of document verification varies based on the person performing this manual process. Build consumer trust in digital identity verification processes.

Online and Mobile Banking 52

Online and Mobile Banking Authentication Identity Theft Verification 52

PYMNTS

FEBRUARY 22, 2019

The fallout hits everyone involved via a fraudulent transaction, and, as the data shows, account takeovers are on the rise. Nowadays, verification spans many conduits and data points — including something the consumer is (i.e., Compliance impacts friction — likely increasing it. Everybody knows what you know, it seems.

Credential 52

Credential Account Takeovers Authentication Verification 52

PYMNTS

SEPTEMBER 11, 2019

We’ll see more account takeovers, we will see more theft and certainly more identity theft. Amid the different current biometric iterations used for identifier verification, Pointner said, the strongest candidates are those based on face or fingerprint. Nothing lasts forever, of course. Evolution and Adoption .

Authentication 72

Authentication Identity Theft Account Takeovers Checks 72

PYMNTS

MARCH 27, 2020

Doing so, he said, can help a firm ascertain whether first-party fraud is in play — and the transaction should ultimately go through — or whether fraudsters are attempting account takeovers or establishing new accounts with synthetic IDs.

Account Takeovers 55

Account Takeovers Due Diligence Accounts Email Compromise 55

PYMNTS

SEPTEMBER 28, 2017

In a conversation with PYMNTS’ Karen Webster, David Barnhardt, executive vice president of product at full-service payment and ID verification solutions provider GIACT Systems , said the estimated costs of synthetic identity fraud to credit card firms will come in at $8.5 billion in credit card charge-offs in the next year alone.

Enrollments 43

Enrollments Breach Fraud Detection Social Security 43