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Author: sca
US Payments Forum Examines Role of Payment Account Reference (PAR) in New Resource
REDWOOD CITY, Calif., December 4, 2024 – Although Payment Account Reference (PAR) made its debut in 2016, it has been underutilized despite its potential benefits to the broader payments space. PAR is used to tie multiple tokens and reissued card numbers to one payment account number (PAN), which is especially important given the increased adoption…
Identity & Access Forum Resource Highlights the Importance of Digital Identity Security in Financial Services
REDWOOD CITY, Calif., November 12, 2024 – In today’s digital-first world, it is increasingly challenging to maintain trust and accountability. This is especially true for financial institutions, which have the critical job of providing secure transactions and interactions for their customers. In response, the Identity & Access Forum’s Banking & Financial Working Group has written…
Building Trust and Accountability in Digital Financial Transactions with the Mobile Driver’s License
In today’s digital-first world, maintaining trust and accountability is increasingly challenging. This is especially true for financial institutions, which are critical in providing secure transactions and interactions for their customers.
US Payments Forum Explores Digital Transaction Data Elements and Impacts on Security and Fraud Prevention
REDWOOD CITY, Calif., October 23, 2024 – The payments industry has shifted toward mobile experiences, with the digital payments market projected to be worth more than $15 trillion by 2027 according to recent statistics. These transactions contain a wealth of information that is not available in traditional payments, including expansive and diverse data elements. The…
Identity & Access Forum Explores Differences Between Digital IDs and Digital Identities in Education Brief
REDWOOD CITY, Calif., October 14, 2024 – For billions of people across the globe, online interactions and digital transactions are an important part of everyday life. The anonymity of these exchanges has made trusting and verifying end users crucial to combat fraud and misuse, particularly when digital identities and digital identifiers (such as mobile driver’s…
Digital Identity vs. Digital ID
A famous (and still relevant) cartoon from 1993 (Figure 1) insightfully portrayed Internet online anonymity, which exemplified the potential needs for actually verifying who or what is actually on the other end of online and offline digital transactions. With the arrival and increased adoption of Digital Identities and using Digital Identifiers (Digital IDs) to access…U.S. Payments Forum Fall Meeting to Examine the Evolution of Tokenization, Faster Payments and Emerging Fraud Tools
Payments leaders from Bank of America, PULSE Network and Mastercard will deliver keynotes REDWOOD CITY, Calif., September 25, 2024 – The U.S. Payments Forum is bringing together the industry’s top decision-makers for its upcoming Fall Member Meeting. Advancements in AI, real-time payments and online fraud are influencing the payment sector’s digital transformation. The meeting will…