Latest news with #OneID
Finextra
02-07-2025
- Business
- Finextra
Mastercard Start Path takes on cybersecurity startups
Mastercard Start Path today announced a new Security Solutions program dedicated to supporting high potential startups that are pioneering technologies in cybersecurity, fraud mitigation, digital identity and payment resiliency. 0 OneID, Scamnetic, Spec, VanishID and Shield-IoT are the first startups to participate following a competitive global application and vetting process. This new program is the latest extension of Start Path, Mastercard's award-winning global startup engagement arm, which offers support for startups to scale innovative solutions in specialized areas such as blockchain, digital assets, emerging fintech, open finance, small business, acceptance and more. Since its inception in 2014, Mastercard Start Path has welcomed over 475 startups across more than 60 countries - many of which are entering public markets, reaching unicorn status and exploring extended commercial engagements with Mastercard and its customers. Start Path's Security Solutions program supports Mastercard's broader commitment to securing the digital economy. Since 2018, Mastercard has invested more than $10.7 billion in cybersecurity innovation, with a portfolio including value-added services, strategic acquisitions and partnerships, and fraud prevention technologies. As new threats emerge and the cost of cybercrime continues to climb — anticipated to reach $15.6 trillion by 2029 — Mastercard expanded Start Path to help flexible, adaptable businesses accelerate how they identify and respond to future security challenges. Meet the startups: From AI-powered threat detection to IoT security to identity solutions, these startups are tackling some of the most urgent challenges facing consumers, businesses and governments today. OneID is a digital identity assurance technology that uses bank-based verification methods to provide a document-free way to verify customer credentials securely. "We wanted to create a simpler, more secure, and inclusive way - that was also entirely digital - to verify customers' identities so users could access the services they needed more quickly,' says Rob Kotlarz, founding director. Scamnetic provides patented, AI scam-detection technology that detects and prevents a wide range of scams — from phishing to deepfakes — helping protect consumers in real time. 'As a banker turned researcher, I was in awe of how rapidly financial technology was evolving but also increasingly concerned because it felt like criminals were often among the first adopters,' says Al Pascual, CEO. 'We've seen the consequences of that, which is why I firmly believe that the future of fintech is one where security is no longer an afterthought.' Spec invisibly monitors the entire customer journey during a digital transaction to help brands detect and stop fraud, bots and abuse in real time and on a global scale. 'I started Spec after watching even the most advanced merchants lose ground to smarter fraud and fragmented defenses," says Nate Kharrl, co-founder and CEO. "The future of digital commerce demands real-time visibility — so we can tell the good users from the bad ones before they can access the money.' VanishID helps enterprise security teams protect their employees by finding and removing exposed personal data publicly accessible online. "In a world where every click, transaction and connection leaves a trail, privacy isn't passive,' says Matt Polak, founder and CEO. 'It must be engineered, defended, and maintained ruthlessly. VanishID helps security teams protect against cyber and physical threats fueled by exposed personal information online. " Shield-IoT secures mass-scale IoT networks, providing merchants with visibility, threat management and compliance for their cellular-based payment devices. "With Shield-IoT, merchants can secure their cellular IoT payment devices, such as point-of-sale terminals, EV charging stations and connected cars, without any network changes or integration efforts,' says Udi Solomon, founder and CEO. 'Our AI-powered SaaS platform enterprises and SMBs with unprecedented insights and control, automatically safeguarding personal data, protecting critical services and meeting regulatory compliance requirements, allowing businesses to confidently embrace the evolving landscape of contactless payments as a result.' Securing the digital economy at scale Over the years, Mastercard has doubled down on its commitment to cybersecurity through acquisitions, cutting-edge tools, and strategic partnerships. Recently, Mastercard acquired Recorded Future, the world's largest threat intelligence company. Mastercard is dedicated to creating a higher standard of trust in the payment ecosystem, democratizing cybersecurity to create new opportunities for businesses. Its suite of cybersecurity services focuses on assessing cyber risk exposure, providing AI and other technology-driven innovations to protect the digital environment and making continuous advancements to organize trust for people and businesses around the world. Mastercard also broadens protection across networks and geographies through collaborations with entities such as the Global Anti-Scam Alliance. 'Security is the cornerstone of trust,' says Johan Gerber, executive vice president and head of Security Solutions at Mastercard. "It is essential to fueling digital commerce in an increasingly connected world, where new threats emerge all the time. By partnering with startup innovators who are already working to protect our ecosystem, we are accelerating co-creation and knowledge-sharing — shaping a safer, smarter digital future.'
Bahrain News Gazette
05-05-2025
- Business
- Bahrain News Gazette
Beyon Connect Participates in 2025 Arab Region Postal Leaders Forum in Qatar
Doha: Beyon Connect, a subsidiary of Beyon and a member of the Advisory Committee of the Universal Postal Union (UPU), announced its sponsorship and participation as a keynote speaker at the 2nd Arab Postal Leaders Forum 2025, held from April 29 – 30 in Qatar. According to Bahrain News Agency, the event was organized under the theme 'Accelerating Innovation in the Parcel Market to Achieve Gains in the Age of Electronic Technology' and was attended by representatives from the government sector and postal industry executives from across the Arab region. The forum featured a series of panel discussions, workshops, and presentations over two days. Christian Rasmussen, Chief Executive International Markets at Beyon Connect, delivered a key presentation highlighting the company's solutions, such as OneBox and OneID, which support the digital transformation of postal service systems. Rasmussen participated in a panel discussion titled 'Leveraging AI and Advanced Technology in Postal Operations'. The session focused on how artificial intelligence and other advanced technologies are influencing postal operations by improving efficiency and reducing costs. Rasmussen emphasized Beyon Connect's commitment to supporting the Arab Postal Leaders Forum and engaging in dialogue with sector leaders to advance innovation and digitalisation in postal services. He noted that the company provides secure, scalable digital solutions, such as OneBox and OneID, which are being adopted by institutions in Bahrain and abroad through public-private partnerships, contributing to digital development. Beyon Connect's involvement in this event reinforces its position as a partner in driving digital transformation across the postal services sector in the Middle East and North Africa.
Observer
08-04-2025
- Business
- Observer
IATA launches a directory for contactless travel solutions
Muscat: The International Air Transport Association (IATA) has released a directory to help airlines implement contactless travel solutions. Contactless travel uses interoperable biometric solutions to enable travelers to move through the travel process without relying on paper documentation such as passports or boarding passes. Parts of the travel process that could be made more efficient with contactless travel include bag drop, lounge access, security access, security screening, and boarding. Key features of the Contactless Travel Directory are a single reference point for airlines to determine the availability of biometric travel touchpoints across their network, the The traveler eligibility information by location, so airlines know which travelers (nationality, passport compatibility, and age) will be eligible for contactless services using biometric identification. How it works during a journey: Check-in Begins: The passenger starts check-in on their airline's app. After check-in, the airline's app queries the Contactless Travel Directory. Service Availability & Requirements: The Directory returns details on available Contactless Travel services along the passenger's itinerary, eligibility, required actions (e.g. sharing a boarding pass, passport information), and technical integration details. Passenger Notification: The airline app informs the passenger: "To use Contactless Travel, you must share your boarding pass and passport details." Consent & Data Sharing: The passenger provides consent, and the airline app facilitates secure data sharing across relevant systems. Seamless Travel: The passenger moves through contactless touchpoints effortlessly, without needing further action. 'The release of the Contactless Travel Directory will make it easier for airlines to expand biometric service opportunities for their customers. As travelers expect ever greater efficiency, biometric recognition technology is taking on a growing role in facilitating travel. This Directory, along with IATA's One ID initiative, aims to accelerate that transition with critical data and global standards,' said Nick Careen, IATA's Senior Vice President, Operations, Safety and Security. IATA's One ID initiative aims to streamline the passenger journey with advanced sharing of information and a contactless process at the airport based on biometric-enabled identification. By obtaining all necessary authorizations and demonstrating admissibility to travel before departure, passengers will be 'Ready to Fly' before they arrive at the airport. Travel experience can be further enhanced through digital identity technology, allowing passengers to move through airport touchpoints swiftly without showing physical documents. Digital services provider Airware, Idemia, and iPassport will be the first to demonstrate the use of the directory at the upcoming Passenger Terminal Expo, taking place in Madrid this week.
Zawya
07-04-2025
- Business
- Zawya
IATA's directory simplifies airline access to biometrics
The International Air Transport Association (IATA) has released its Contactless Travel Directory to help quickly scale and increase adoption of contactless travel solutions. The Directory will power a matchmaking service to help airlines identify and offer contactless travel at specific airports, including with their partner airlines. Contactless travel uses interoperable biometric solutions to enable travellers to move through the travel process without relying on paper documentation such as passports or boarding passes. Parts of the travel process that could be made more efficient with contactless travel include bag drop, lounge access, security access, security screening and boarding. Key features of the Contactless Travel Directory include: A single reference point for airlines to determine the availability of biometric travel touchpoints across their network. Traveller eligibility information by location, so airlines know which travellers (nationality, passport compatibility, and age) will be eligible for contactless services using biometric identification. Technical protocols airlines need to connect with other airline or airport biometric touchpoints. 'The release of the Contactless Travel Directory will make it easier for airlines to expand biometric service opportunities for their customers. As travelers expect ever greater efficiency, biometric recognition technology is taking on a growing role in facilitating travel. This Directory, along with IATA's One ID initiative, aims to accelerate that transition with critical data and global standards,' said Nick Careen, IATA's Senior Vice President, Operations, Safety and Security. Digital services provider Airware, together with identity management providers IDEMIA and iPassport, will be the first to demonstrate the use of the Directory. At this year's Passenger Terminal Expo, taking place in Madrid this week, delegates will be able to enrol during check in for fictitious flights between the UK and Spain using the WorldJet Airline App, then pass through the biometric touchpoints at both Airware's and IDEMIA's booths, as one would in a real airport. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
07-04-2025
- Business
- Trade Arabia
IATA's directory simplifies airline access to biometrics
The International Air Transport Association (IATA) has released its Contactless Travel Directory to help quickly scale and increase adoption of contactless travel solutions. The Directory will power a matchmaking service to help airlines identify and offer contactless travel at specific airports, including with their partner airlines. Contactless travel uses interoperable biometric solutions to enable travellers to move through the travel process without relying on paper documentation such as passports or boarding passes. Parts of the travel process that could be made more efficient with contactless travel include bag drop, lounge access, security access, security screening and boarding. Key features of the Contactless Travel Directory include: A single reference point for airlines to determine the availability of biometric travel touchpoints across their network. Traveller eligibility information by location, so airlines know which travellers (nationality, passport compatibility, and age) will be eligible for contactless services using biometric identification. Technical protocols airlines need to connect with other airline or airport biometric touchpoints. 'The release of the Contactless Travel Directory will make it easier for airlines to expand biometric service opportunities for their customers. As travelers expect ever greater efficiency, biometric recognition technology is taking on a growing role in facilitating travel. This Directory, along with IATA's One ID initiative, aims to accelerate that transition with critical data and global standards,' said Nick Careen, IATA's Senior Vice President, Operations, Safety and Security. Digital services provider Airware, together with identity management providers IDEMIA and iPassport, will be the first to demonstrate the use of the Directory. At this year's Passenger Terminal Expo, taking place in Madrid this week, delegates will be able to enrol during check in for fictitious flights between the UK and Spain using the WorldJet Airline App, then pass through the biometric touchpoints at both Airware's and IDEMIA's booths, as one would in a real airport.
