OCC fines CapOne $100M, Tim Cook wants EU-type privacy laws, Samsung and HSBC get “phygital”

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TODAY'S NEWS | OPINION | INDEXESTRACKERSPYMNTS LIVE

October 24, 2018

Wearables

Samsung And HSBC Get ‘Phygital’ With Wearables

Samsung and HSBC’s newly launched pilot program is putting customized Gear S3 watches onto the wrists of employees at the bank's Fifth Avenue flagship location in New York. HSBC Bank USA Head of Innovation Jeremy Balkin says the partnership is the beginning of a longer collaboration, using technology to make banking a physical-digital experience.

 

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Digital ID

Solving Digital ID Verification’s 'Existential Crisis'

There's a tug of war when it comes to digital identity verification — between the consumer experience and reducing fraud. Socure Co-founder Johnny Ayers tells PYMNTS that AI-based identity risk scoring can balance those demands by improving acceptance rates, cutting down on manual processes, slashing fraud and reducing false-positives.

 

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Security & Risk

Why Using Rules Of Thumb To Predict Fraud Is A Fail

When it comes to account takeover (ATO) fraud, history matters — as in knowing where the bad guys lurk, how much they’ve made off with and where they may strike again. It’s about going deeper than just chargeback ratio. Sift Science VP Geoff Huang tells PYMNTS that real-time analytics and reporting can help firms move beyond myths about online fraud and make better decisions in the battle against ATO.

 

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Intelligence of Things Tracker™

TRENDING: Tracking Customers Without Giving Them The Creeps

Using overhead cameras, scanners and weight sensors to track customers in-store may be the future of physical retail, but what starts as a way to collect data and sell more via seamless checkout can turn creepy for customers. In this month’s Intelligence of Things Tracker, Krishna Motukuri, CEO of Zippin, discusses how retailers can pair in-store IoT tech to offer easy, checkout-free experiences, while giving customers enough privacy to avoid the creep factor.

 

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TRENDING: Dynamic Rules And Global Authentication


What Retail Can Teach Banking About Consumers’ Digital Journeys


 

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