Proactive Investors: Ipsidy’s biometric identity verification services to be integrated into BPSmart’s chatbot platform
Ipsidy Inc (OTCQB:IDTY) CEO Phil Kumnick tells Proactive that AI company BPSmart will deploy Ipsidy’s biometric identity verification services to verify each customer’s identity when interacting with BPSmart’s AI-powered, chat-based Digital Assistant Platform. Kumnick says because BPSmart’s customer
Proactive Investors: Ipsidy reports slimmer 1Q loss, recaps busy quarter in financial update
Ipsidy Inc (OTCQB:IDTY), the company delivering a suite of biometric identity verification solutions, has announced its first-quarter results, revealing a net loss that narrowed 34% year-over-year. Revenue for the three months ended March 31 was $600,000, compared to $800,000 in the same period of 2020. Net loss was $2
The Need for Identity Certainty in Travel in a Post-COVID World
The travel and shared living industries are among the hardest-hit sectors of the economy during the COVID-19 pandemic. Travel restrictions, physical distancing mandates, and social gathering limitations reduced in-person operations, forcing airlines, hotels, and room sharing providers to run at limited capacity, or clo
Ipsidy to Provide On The Fly POS With its Identify Fraud Prevention Services
Ipsidy Inc (OTCQB:IDTY) CEO Phil Kumnick tells Proactive it will deploy passwordless login and transaction authorization for On The Fly POS, a US provider of cloud-based payment solutions. Kumnick says On The Fly POS, a subsidiary of The POS Lab, chose Ipsidy’s IDaaS platform to enhance the security and operation
Online Entertainment & Streaming Services Seek Stronger Identity Authentication
Video and audio streaming platforms have been on the rise since before the COVID-19 outbreak. They enable legal access to various media content with greater viewer convenience. Similarly, the online gaming industry has increased its user base, especially with the increasing popularity of mobile versions of computer gam
Sharing Economy & the Need for Identity Verification
Share-based businesses have grown rapidly over recent years, with many analysts expecting this market to continue booming. According to Statista, the global sharing economy’s value is forecasted to reach $335 billion by 2025, from $15 billion in 2014. Moreover, PwC estimates a similar figure, indicating a 2,133
Ready to Travel? Health Passports Will Make It Possible
The travel industry is one of the hardest-hit sectors of the economy during the COVID-19 pandemic, with air travel suffering the biggest falls. According to the US Travel Association, international travel spending in the United States decreased by 76% in 2020, while domestic travel expenses declined by 34%. Meanwhile,
Meeting PSD2 Requirements for eCommerce Merchants with FIDO2.0 Strong Customer Authentication
E-commerce has grown significantly over the years, with more people utilizing digital shopping platforms as a more convenient means of acquiring goods and services. According to Statista, global e-commerce sales are projected to almost double to 6.5 trillion US dollars in 2022 from 3.5 trillion US dollars in 2019. The
Time for Love; Time for Identity Verification & Online Dating (Valentine’s Day)
Finding romance has taken a virtual turn with the advent of online dating platforms. Today’s singles want to meet new people in an easier and faster way, hoping for encounters that can lead to long-term, satisfying relationships. One of the significant contributors to online dating’s growth is the proliferation
Cost of Synthetic Identity Fraud
Fraudsters have been forging credit cards, stealing credit card information, and impersonating others for as long as these financial utilities have existed. In today’s digital world where little in-person commerce is conducted, the bad guys are turning to synthetic identity scams to exploit systems. The Federal Trad
Eliminate Passwords – Secure Your Network, Delight Your Customers
For decades, passwords have been the most ubiquitous form of authentication for accessing accounts and unlocking devices. The reuse of the same password by users across multiple systems and other weak authentication practices, however, are leading causes of security breaches. So as authentication and security technolog
Stop Identity Fraud in Pandemic Unemployment Assistance Benefits | Comply with the Cares Act 2021
The COVID-19 pandemic has proven to be both a health crisis and an economic challenge to individuals as well as state and federal agencies. While this global crisis has made the economic rebound unsteady, it has also attracted criminals who target government benefits. Following the passage of the March 2020 Coronaviru
