Segpay

OCTOBER 17, 2024

Age verification systems are essential tools for ensuring compliance with regulations designed to prevent minors from accessing inappropriate content or services. What is Age Verification? Verification can be completed using government-issued ID scans, credit card authorizations, or other forms of identity verification.

Verification 92

Verification Privacy Laws Compliance 92

Fintech News

SEPTEMBER 17, 2024

Major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months in a concerted effort to bolster security against phishing scams. While banks will continue to do their part to fight scams, customers need to be vigilant themselves and practice good cyber hygiene.”

Verification 107

Verification Scams Financial Crimes Phishing 107

Evolve Payment

OCTOBER 22, 2024

This newly developing deepfake trend poses a serious risk to businesses of all sizes, making advanced identity verification more critical than ever. One way we do this is through rigorous qualification processes, which sometimes include requests that seem strange on the surface, such as requesting a selfie for identity verification.

Deepfake 98

Deepfake Verification Fraud Detection AI 98

Fintech Finance

OCTOBER 28, 2024

Nium, the leading global infrastructure for real-time cross-border payments, today announced the launch of Nium Verify , a real-time bank account verification solution for businesses and individual accounts, available across 50 markets. Verify ensures real-time verification of account details, reducing failure rates and preventing delays.

Verification 98

Verification Global Payments Accounts Cross-Border 98

Fintech Finance

SEPTEMBER 24, 2024

The collaboration aims to share best practices in the Open Finance and Verification of Payee landscape, with the final goal of enhancing payment service providers’ value-added offerings and overall financial market efficiency.

Payee 98

Payee Verification IBAN Regulatory Compliance 98

Payments Dive

MAY 3, 2024

Artificial intelligence is speeding up store checkout in a pilot by banking tech company Diebold Nixdorf using tech to verify a customer’s age.

Verification 158

Verification 158

Fintech Finance

AUGUST 22, 2024

The post NBK Unveils Payment Verification Service on Its Mobile Banking App appeared first on FF News | Fintech Finance. Customers can easily download the NBK Mobile Banking App, which is currently available on various platforms including the App Store, Google Play, and Huawei AppGallery.

Mobile Banking 109

Mobile Banking Verification Online and Mobile Banking Push-to-Card 109

Fintech Finance

OCTOBER 9, 2024

This verification process is crucial in mitigating fraud, preventing payment errors, and ensuring that funds are accurately directed to their intended recipients. Through this collaboration, PSPs connected to this interoperable solution will gain access to a crucial verification service. The post CBI and SEPAmail.eu

IBAN 105

IBAN Interoperability Payee Verification 105

Fintech Finance

JULY 17, 2024

During this temporary presence of staff, the purchase of age-restricted goods such as alcoholic beverages – the range in the village store includes numerous products from local winegrowers – can also be carried out using automatic, AI-based age verification. This pleases customers and allows employees to concentrate on their core tasks.”

Verification 98

Verification AI Transactions Authorization 98

Fintech Review

OCTOBER 1, 2024

A new focus on digital identity verification As the financial landscape continues to evolve, the importance of Anti-Money Laundering ( AML ) and Know Your Customer (KYC) processes has never been more pronounced. Surveying 1000 consumers, the study delved into their experiences and expectations regarding digital verification.

AML 98

AML Verification Research Consumer 98

Finextra

FEBRUARY 14, 2024

Klarna has rolled out a new service for customer data sharing with merchants, enabling a smoother checkout process and personalised offers for users.

Verification 124

Verification Consumer Process 124

The Fintech Times

AUGUST 16, 2024

Gopher , the on-demand marketplace connecting users with qualified workers for various services , is enhancing its identity verification following a collaboration with iDenfy , the Lithuanian-based regtech. Our partnership once again shows the importance of robust identity verification, especially for mobile application platforms.”

Verification 75

Verification Checks Service Provider Security 75

Payments Dive

MAY 23, 2022

Google, Microsoft and Apple this month began a big, new push in their campaign for a passwordless standard that's aimed at improving digital identity verification, including for payments.

Verification 183

Verification Payments 183

The Fintech Times

SEPTEMBER 21, 2024

Major retail banks in Singapore are set to progressively implement Singpass Face Verification (SFV) in the near future, as the Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) plan to strengthen the digital token (DT) setup process for retail banking customers.

Verification 72

Verification Scams Financial Crimes Crime 72

Payments Dive

OCTOBER 10, 2023

The service, built on top of the Fed’s instant payments network, allows customers to verify a bank account within 15 seconds before sending a payment, Orum said.

FedNow 113

FedNow Accounts Verification Fed 113

Fintech News

OCTOBER 15, 2024

HashKey Global, a licensed digital asset exchange, has teamed up with Sumsub , a global verification platform, to improve its Know Your Customer (KYC) and Anti-Money Laundering (AML) processes. This shift from manual verification to an automated system has allowed HashKey to process user verifications more efficiently.

Verification 109

Verification Fraud Detection Money Laundering Compliance 109

Fintech News

FEBRUARY 7, 2024

Entrust, known for its secure payments, identities, and data protection solutions, has confirmed that it is in the midst of discussions to acquire Onfido , a London-based firm specialising in artificial intelligence (AI) and machine learning (ML) powered identity verification technologies. said Mike Tuchen, Onfido’s CEO.

AI 115

AI Acquirers Verification Legal 115

Fintech News

JUNE 10, 2024

Eastnets, a global compliance and payment solutions provider, has entered a strategic partnership with iPiD , a beneficiary name and bank account verification service. This collaboration aims to enhance payment security and efficiency for banks, corporations, and financial institutions on a global scale. said Deya Innab, Eastnets’ Deputy CEO.

Fraud Prevention 117

Fraud Prevention Global Payments Payee Verification 117

Finextra

DECEMBER 5, 2024

The European Payments Council (EPC) launches today a call for interest inviting organisations to express their intention to offer services as a Verification of payee (VOP) scheme-compliant Routing and/or Verification Mechanism (RVM) in the EPC VOP scheme.

Payee 52

Payee Verification Payments 52

Payments Dive

MARCH 15, 2022

Software firm PopID is seeking to raise about $50 million in capital to scale its face verification services for payments applications in the U.S. As payments technology evolves, the use of biometrics is poised to take off. and abroad.

Verification 148

Verification Technology Payments 148

Fintech Finance

AUGUST 5, 2024

For the past 25 years, he has been involved in online identity verification including being a key member of the team that built the UK’s first eIDV product (BT URU). David then moved on to work with GBG to lead the development team on their ID3 Global online identity verification product, which was the global market leader for many years.

Technology 124

Technology Financial Crimes Verification Crime 124

Segpay

OCTOBER 3, 2024

Age verification tools are crucial in the adult industry to ensure that only users of legal age (typically 18+) access adult content. Various tools and methods are used across platforms to verify age, ranging from simple age-checking prompts to sophisticated identity verification systems. It is GDPR-compliant and offers high security.

Compliance 89

Compliance Verification Database Privacy 89

Fintech News

SEPTEMBER 2, 2024

Global verification provider Sumsub has introduced Local Data Processing (LDP) capabilities in the Asia-Pacific (APAC) region. Sumsub’s LDP infrastructure is designed to assist regulated companies in securely managing and processing personal data, offering a suite of verification, anti-fraud, and compliance tools.

APACS 121

APACS Privacy Regulations Fraud Prevention 121

Fintech Finance

AUGUST 29, 2024

Trulioo , an industry-leading identity platform with proven global coverage for person and business verification, today announced a 142% year-over-year increase in remittance-related transaction volume through its platform.

Cross-Border Payments 95

Cross-Border Payments Cross-Border Transactions Verification 95

Fintech Finance

OCTOBER 24, 2024

Set to go live in early 2025, this premiere payments solution will integrate Plaid’s instant account verification (IAV) and network-powered risk assessment capabilities into Dwolla’s pay by bank platform.

Risk Assessment 109

Risk Assessment Payment APIs and Integration Verification Assessments 109

Fintech Finance

SEPTEMBER 17, 2024

ID-Pal and CLOWD9 are delighted to announce their global strategic partnership to enhance secure and efficient identity verification processes in payment processing, by offering ID-Pal’s AI-powered technology as part of CLOWD9’s innovative payment solutions portfolio.

Process 95

Process Verification Money Laundering AML 95

Fintech News

AUGUST 1, 2024

ADVANCE.AI, a provider of digital identity verification and risk management solutions in Southeast Asia, has expanded its capabilities in Singapore and Malaysia with an upgraded Know Your Business (KYB) service. Earlier this year, ADVANCE.AI

Due Diligence 113

Due Diligence Money Laundering AML Verification 113

Finextra

OCTOBER 14, 2024

Mastercard is to pilot launch a new service that gives issuers the ability to verify more detailed personal information about cardholders, eliminating the need to upload documents like photo ID, proof of residency or passport.

Visa 86

Visa Verification Issuers 86

Fintech Finance

JUNE 14, 2024

Fingerprint Cards AB (Fingerprints ) and WiBioCard , an Italy-based smart card integrator specializing in web access authentication, verification and physical and logical access control have partnered to offer innovative smart card solutions for the global access market.

Verification 98

Verification Privacy Authentication End User 98

Fintech News

OCTOBER 28, 2024

Global payments infrastructure provider Nium has launched Nium Verify, a real-time bank account verification service available in 50 markets. billion in 2020—often due to outdated, error-prone verification methods—Nium Verify offers a solution through direct integration with clearing systems and major banks within each country.

Cross-Border 93

Cross-Border Payment APIs and Integration Cross-Border Payments Verification 93

Fintech News

JANUARY 7, 2024

Through this collaboration, iPiD will focus on providing comprehensive user verification and effective fraud prevention solutions, aiming to bolster security for Wallex’s customers. Wallex, an FX and payments specialist for B2B companies transacting in Asia, and International Payments Identity (iPiD) have announced a strategic partnership.

Cross-Border Payments 110

Cross-Border Payments Cross-Border Fraud Prevention Verification 110

Fintech News

AUGUST 12, 2024

Here are the eight selected startups: Edubuk A platform for global academic and professional credentials verification, using blockchain and AI to streamline background checks. The XDC Network, compatible with Ethereum Virtual Machine (EVM), is equipped to support these startups in applying blockchain technology to real-world applications.

Blockchain 139

Blockchain Credential AI Verification 139

Fintech News

APRIL 10, 2024

Entrust, known for its trusted payment and data security solutions, has finalised its acquisition of identity verification company Onfido. This merger brings together Entrust’s security solutions with Onfido’s advanced identity verification technology, aiming to address the growing threats of identity fraud and data breaches.

Verification 108

Verification Data Breach Encryption Cybersecurity 108

VISTA InfoSec

APRIL 5, 2024

Cybersecurity measures such as data encryption, two-step verification, and stringent policies on data access are some of the things that should be implemented in order to minimize online threats. The road to recovery could be expensive if it involves customer complaints, internal investigation, and legal proceedings.

Best Practices 278

Best Practices Business Continuity Continuity Compromise 278

Fintech News

NOVEMBER 6, 2024

This is in line with Confirm’s goal to provide global account verification services through a single, secure network.” By leveraging our account verification capabilities, we are reducing friction in global payments, creating a more efficient, secure, and compliant payments ecosystem.”

Cross-Border Payments 110

Cross-Border Payments Cross-Border Account Validation Credit Union 110

VISTA InfoSec

MARCH 28, 2024

For example, if you’re only shipping products, you might not need to collect customers’ birthdates unless it’s relevant for legal age verification. To achieve this, regularly review your data collection forms and processes to identify and eliminate any unnecessary data fields.

Data Breach 277

Data Breach Regulatory Compliance Breach Encryption 277

Fintech News

JUNE 19, 2024

Sumsub, a global verification platform, has joined forces with financial software provider Finastra to enhance compliance processes for financial institutions worldwide. By partnering with Finastra we make this need a reality, helping financial institutions strengthen their verification and anti-fraud processes.”

Compliance 109

Compliance Fraud Prevention Due Diligence Money Laundering 109