Latest news with #identityverification
Yahoo
7 days ago
- Business
- Yahoo
E-Commerce Today - Tackling Rising Fraud With Advanced Security Measures
E-commerce and online marketplaces are facing soaring rates of fraud, significantly impacting revenues and customer trust. According to Veriff's recent "The Future of E-commerce" report, e-commerce is experiencing the highest level of authorized fraud scams across all industries, with incidents spiking during peak shopping periods like Black Friday and Cyber Monday. The report emphasizes the necessity of robust identity verification, highlighting that 75% of consumers consider this a crucial factor when engaging with online marketplaces. To counteract the growing sophistication of fraud, the report suggests the adoption of advanced security measures, such as biometric identification, to maintain trust and ensure transactional security. Elsewhere in the market, was a standout up 20% and closing at IDR346,725.00, hitting its 52-week high. At the same time, trailed, down 20% to close at $44.97. Amazon's enhancements in fulfillment, AWS, and AI create emergent revenue opportunities, potentially boosting profit margins. Click here to explore the evolving narrative of Amazon's strategic initiatives and market potential. Don't miss our Market Insights article where we dissected automation's pivotal role in shaping E-Commerce's future, highlighting investment growth opportunities. Best E-Commerce Stocks ended the day at $230.19 down 0.4%. This week, Proprio joined the AWS Partner Network to scale innovations in surgical performance and data security. finished trading at $117.38 down 1.7%. finished trading at $364.00 down 1.8%. Where To Now? Navigate through the entire inventory of 261 E-Commerce Stocks including Rocket Internet, DICK'S Sporting Goods and StoneCo here. Contemplating Other Strategies? Rare earth metals are the new gold rush. Find out which 25 stocks are leading the charge. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "Veriff Report: As Fraud Soars Across Industries, 'Fraud Tax' May Become Unsustainable for E-commerce and Marketplace Platforms" from Veriff on GlobeNewswire (published 29 July 2025) Companies discussed in this article include IDX:DCII NasdaqGS:AMZN NYSE:BABA NasdaqGS:ADBE and NasdaqCM:NEGG. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
National Post
30-07-2025
- Business
- National Post
FICO Survey Finds Canadians Increasingly Justify First-Party Fraud Amid Rising Inflation Rates
Article content TORONTO — FICO (NYSE: FICO) Global analytics software leader, FICO released new findings from the 2025 Consumer Survey: Fraud, Identity and Digital Banking CA highlighting Canadians' experiences with application fraud and their perceptions of how well banks are meeting their needs. The survey found that nearly one-third of respondents view first-party fraud—such as providing false information on financial applications—as acceptable in certain circumstances or even normal behavior. Many respondents cited the ongoing cost-of-living crisis as justification. Article content As inflation continues to stretch household budgets, some consumers may be more likely to falsify application details in pursuit of credit. This poses an ongoing challenge for banks, which must detect fraud without adding unnecessary friction for legitimate applicants. Strengthening fraud prevention strategies while preserving trust and accessibility will be key to meeting evolving customer expectations. Article content Identity verification is a crucial balancing act for banks Article content As more Canadians embrace digital banking, their expectations for more efficient and secure experiences are rising. According to the survey, 31% are now more likely to open a financial account online than they were a year ago. At the same time, many reported noticing an increase in identity verification checks. Nearly half (49%) reported experiencing more frequent checks during online purchases, and the same (49%) while logging into bank accounts. While these measures are important for security, they can also create friction: 15% of consumers have reduced or stopped using their checking accounts, and 17% have done the same with credit cards due to the difficulty of identity checks—slightly higher than in 2023. These trends suggest the importance of striking a balance. While security remains a top priority, banks also need to ensure that digital processes remain user-friendly and accessible to keep customers engaged. Article content 'Canadians are demanding seamless digital banking and verification processes,' said Adam Davies, vice president of product management at FICO. 'Nearly 20% of consumers will abandon a checking account if identity checks are too difficult or time-consuming. Banks must continue to make opening processes convenient and secure to attract new customers and build trust.' Article content Rising demand for banks to offer digital new account openings Article content 32% of Canadians say they are more likely to open a financial account digitally than they were a year ago. Across several product types, expectations for speed are high, over 40% of personal loan, credit card, and card loan applicants expect to spend less than 30 minutes opening a checking account. If the application process is too long and difficult, Canadians will abandon the application. These insights re-emphasize the needs for banks to optimize onboarding journeys to retain applicants and reduce abandonment rates. Article content Consumers are concerned with fraud and identity theft Article content Canadians continue to place high value on security. The survey found that 30% of consumers rank good fraud protection as one of the top three considerations when selecting a new account, while 71% rank it in their top three. Fingerprints and facial recognition were marked as a favorite security choice as 62% of consumers report that they either like or have a strong preference to use fingerprints, with 81% rating their security as good or excellent. Article content At the same time, Canadians are seeing a rise in stolen identities. 6% of Canadians reported their stolen identity was used by a criminal to open a financial account—equating to approximately 1.8 million victims and marking an increase from 5% in 2023 and 5.6% in 2020. Despite the rising risk, many Canadians underestimate their personal exposure. While 71% of consumers rank the use of stolen identity to open an account as a top three fraud concern, 40% believe it's unlikely to have happened to them, and 23% are confident their identity has never been used this way. This disconnect between concern about identity theft and personal risk perception suggests many Canadians may be unaware they've already been affected or that they are currently at risk. Article content For more details and insights regarding the survey results, download the 2025 Consumer Survey: Fraud, Identity and Digital Banking CA eBook. This survey was issued to 1,000 Canadian bank customers across age and income demographics. Article content For more information on how FICO can help financial services organizations exceed customer needs and expectations, visit About FICO FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting four billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Article content Article content Article content Article content Article content
Yahoo
23-07-2025
- Business
- Yahoo
Entrust and PlaySafe ID Partner to Bring Verified, Privacy-First Digital Identity to Gaming
News Summary Entrust and PlaySafe ID announce new partnership to enhance online gaming safety. Integration of Entrust Identity Verification solution provides seamless and secure Know Your Customer check. PlaySafe ID platform aims to combat cheating, bots and harmful behavior, while supporting compliance with the UK Online Safety Act's Protection of Children Codes. MINNEAPOLIS, July 23, 2025--(BUSINESS WIRE)--Entrust, a global leader in identity-centric security solutions, today announced a partnership with PlaySafe ID, the platform that keeps cheaters, bots, and predators out of games. The partnership will power PlaySafe ID's secure onboarding and verification process using Entrust Identity Verification to enable seamless and secure onboarding experience for gamers worldwide. Built with a privacy-first mindset, PlaySafe ID issues a verified, game-agnostic digital ID that confirms the human identity behind the account promoting accountability and improved protection for users, while still allowing them to remain anonymized. The platform aims to address wider issues that erode trust and enjoyment in online gaming communities, such as cheating, hacking, bot activity, and inappropriate behavior, while ensuring compliance with evolving regulations such as the UK's Online Safety Act. How It Works Users create a PlaySafe ID account and complete a quick and secure identity verification process powered by Entrust. Users simply take a photo of their government-issued ID and a short video selfie. Entrust identity verification first checks that the ID is genuine and not fraudulent and then matches it to the user's face in the selfie video. This ensures the person presenting the identity is its legitimate owner and is physically present, mitigating identity fraud attempts such as stolen ID or deepfakes. Once verified, users receive a unique, random, and anonymized PlaySafe ID, granting access to PlaySafe-protected gaming and matchmaking with other verified gamers. The verification data is kept separate from the PlaySafe ID, ensuring gamers remain anonymized during gameplay while knowing they are engaging with other legitimate, verified players. "Gaming should be fun, fair, and safe for everyone," said Andrew Wailes, CEO of PlaySafe ID. "Our partnership with Entrust ensures that our user verification process is both secure and scalable, and also aligns with the values of frictionless user experience and privacy. Their technology will be instrumental in helping us build a future where fair play is the standard, and cheating, fraud and harmful behavior are no longer tolerated." Regulation in Gaming This partnership will enable game providers and developers to prepare for the inbound Protection of Children Codes, coming into force in July 2025 as part of the Online Safety Act, which mandates that services accessed by children must manage risks and protect children from encountering harmful content. "We're proud to join PlaySafe ID in their mission to make online gaming a safer place," said Samuel Steg, Head of Compliance for Identity Verification at Entrust. "Fraudulent activity online continues to grow both in scope and sophistication, and gaming environments are no exception. Our identity verification technology provides robust, high-assurance Know Your Customer (KYC) checks, offering gamers a seamless and secure onboarding experience. This partnership reflects our shared commitment to building a safer digital future and promoting trust, fairness, and safety within digital spaces." PlaySafe ID is currently in integration discussions with several major gaming platforms, with the first partnerships expected to launch later this year. For more information, visit or About Entrust: Entrust is an innovative leader in identity-centric security solutions, providing an integrated platform of scalable, AI-enabled security offerings. We enable organisations to safeguard their operations, evolve without compromise, and protect their interactions in an interconnected world – so they can transform their businesses with confidence. Entrust supports customers in 150+ countries and works with a global partner network. We are trusted by the world's most trusted organisations. Learn more at About PlaySafe ID PlaySafe ID stops cheating, botting, and child abuse in games. The company enables players to enjoy gaming at its fairest by issuing anonymised 'PlaySafe IDs' to users who verify themselves. With a single ID issued to each user, penalties can now be issued to users who are caught cheating or being inappropriate to children across all PlaySafe Protected games. The company was founded in response to the cheating and bots prolific in online games, and the growing need to keep children safe from predators and bad-actors. View source version on Contacts Press contacts: For Entrust: For Playsafe ID: Emma@
Yahoo
17-07-2025
- Business
- Yahoo
Intellicheck To Announce Second Quarter 2025 Financial Results on August 12, 2025
Conference Call at 4:30 p.m. ET/1:30 p.m. PT MELVILLE, N.Y., July 17, 2025--(BUSINESS WIRE)--Intellicheck, Inc. (Nasdaq: IDN), an industry-leading identity company delivering proprietary on-demand digital and physical identity validation solutions, will report financial results for the second quarter ended June 30, 2025 on August 12, 2025 after the close of the U.S. stock markets. The Company will hold an earnings conference call on August 12 at 4:30 p.m. ET/1:30 p.m. PT to discuss operating results. To listen to the earnings conference call, please dial 877-407-8037. For callers outside the U.S., please dial 201-689-8037. A replay of the conference call will be available shortly after completion of the live event. To listen to the replay, please dial 877-660-6853 and use conference identification number 13754628. For callers outside the U.S., please dial 201-612-7415 and use conference identification number 13754628. The replay will be available beginning approximately three hours after the completion of the live event and will remain available until August 19, 2025. About IntellicheckIntellicheck, the industry leader in identity verification management, prevents the unauthorized use of IDs to stop identity-based fraud. Intellicheck is the only SaaS-based validation and proofing service that uses a unique and proprietary analysis of DMV-issued IDs to create trusted, real-time customer identity verification experiences across a wide variety of sectors, both in-person and digitally. Each year, we validate around 100 million identities across North America, providing a seamless, invisible ID verification with 100% decisioning in under a second. For more information on Intellicheck, visit us on the web and follow us on LinkedIn, X, Facebook, and YouTube. View source version on Contacts Intellicheck Investor Relations: Gar Jackson (949) 873-2789/ gjackson@ Intellicheck Media and Public Relations: Sharon Schultz (302) 539-3747/ sschultz@
Finextra
09-07-2025
- Business
- Finextra
Credas debuts compliance wallet
Credas Technologies, the UK leader in identity verification, will launch the country's first compliance wallet – a reusable compliance solution designed to reduce friction in the homebuying process, eliminate repeat compliance checks, and combat rising fraud risks across regulated sectors. 0 Designed for use across all regulated sectors, the wallet will initially launch in the property market, where repeat checks are a persistent challenge. Each compliance wallet carries not just a verified identity but a complete compliance profile - including PEPs and sanctions screening, AML checks, digital address verification and ongoing monitoring - enabling faster, trusted onboarding with minimal friction that can be shared at the click of a button. The wallet marks a major step forward for the UK's digital identity ecosystem. Disrupting the entire ID space, it will revolutionalise onboarding processes, breaking previous bounds and building the most efficient ID and AML verification ever. It will integrate with the new UK digital driving licence and the Wallet, enabling seamless portability of verified credentials across both public and private sector services. 'Re-checking compliance data is a huge inefficiency that slows transactions and frustrates everyone involved,' said Tim Barnett, CEO at Credas. 'Our compliance wallet changes that. It puts control back in the hands of users, lets firms share and trust verified data instantly, and reduces the compliance burden without compromising security.' Unlike traditional solutions, the Credas Compliance Wallet will be instantly available, reusable, and allow users to easily share verified credentials with multiple parties such as Estate Agents, Conveyancers and Mortgage Brokers in just one click. The wallet will be an agnostic solution, making it accessible to both Credas clients and non-clients alike. The launch follows the Royal Assent of the Smart Data Bill, which sets a regulatory foundation for reusable digital identities in the UK - paving the way for mainstream adoption of verified, user-controlled identity. 'With the Smart Data Bill now in force, digital identity verification can finally live up to its name, providing convenient mobile access to identity data at a click of a button.' Tim Barnett, CEO at Credas. So far in 2025, Credas has verified over 2.5 million individuals, a 35% increase year on year. With a 52% share of the UK property market, the company expects to generate millions of their new Compliance Wallets by the end of 2026. The Credas Compliance Wallet will be officially unveiled at an exclusive event on Thursday 18th September 2025.
