pymnts.com pymnts.com

Acuant Expands Identity Verification Platform With Hello Soda Acquisition

Identity verification provider Acuant has closed on its purchase of Hello Soda as part of its “continued investment and commitment to innovative technology,” according to a Tuesday (May 4) announcement emailed to PYMNTS. “Our goal has always been to power trust for all, a vision we share with Hello Soda whom we are excited to welcome to the Acuant family,” Acuant President and CEO Yossi Zekri said in the announcement....

pymnts.com pymnts.com

COVID Leaves Lasting Impact On Digital KYC And AML Efforts

In the digital-first economy, criminals have been acquiring and honing various areas of expertise, scamming customers, the payments firms operating the infrastructure, and of course, merchants. Money laundering, money mules and other attack vectors are seizing on novice consumers pivoting to the internet to get everyday life done (and even receive their stimulus payments). The story that has been influenced by the pandemic is being...

pymnts.com pymnts.com

Decentralized ID Adds New Firepower To Fight Against Digital-First Fraud

Sometimes a group of companies in the same industry, fighting for the same dollars, decide that maybe cooperation beats competition. Look at EMV, in which a consortium of payments companies and banks came together to secure credit transactions. Or look at The Clearing House, in which a group of financial services companies are putting their resources together to bring real-time payments to the masses. One such group has been fighting...

pymnts.com pymnts.com

Amazon’s Biometric Tech Lets Seattle Whole Food Shoppers Pay By Hand

Amazon is launching biometric technology at Whole Food stores in Seattle that gives shoppers the ability to pay with a scan of their palms, Reuters reported on Wednesday (April 21).  The biometric technology is first rolling out at the Seattle Whole Foods near Amazon’s headquarters, with plans to expand to seven additional stores in the metro area.  The new system, Amazon One, gives shoppers the ability to associate a credit card...

pymnts.com pymnts.com

Acuant Teams With Microsoft On Secure ID Verification

Identity verification provider Acuant has partnered with Microsoft to support secure information exchange and identity verification on the Azure Active Directory (Azure AD), Acuant announced in a press release on Tuesday (April 6). Azure AD verifiable credentials, now in public preview, give businesses and individuals more control of their personal data when verifying their identities during onboarding processes and when accessing...