VantageScore Gains New Patents for Credit Scoring
Financial institutions, credit card issuers, auto lenders, fintechs and others in the US used VantageScore credit scores 27.00 billion times in 2023, up 42% over 2022.
Area of Interest: Fraud Fighting and Security
Mobey Forum’s Digital Wallet Expert Group Report
Open banking will present opportunities for wallets to become hubs not only for payments but for all kinds of financial transactions.
Small Business Credit Score Automation from Worth AI
Credit card issuers can use Worth AI to assess their exposure to losses from cardholders in their existing portfolios as well as to identify businesses that are candidates for credit line increases.
Biometric Payments with Digital Identity Management
Visa has become a partner and will work with Tech5 in building programs for governments.
VGS Payment Tokenization
When a merchant tokenizes sensitive data, the financial risk associated with a data breach is significantly reduced.
Trustly Partners with Socure
Trustly has fpartnered with digital identity verification specialist Socure to enhance its capability to provide KYC and AML compliance.
Fingerprint Cards’ Biometric Enrollment Device
To support a wider rollout of payment cards that can be secured by fingerprint biometrics, Fingerprint Cards has launched Smart’Nroll.
Mastercard Boosts Fraud Fighting with GenAI
Decision Intelligence Pro predicts the cardholder’s next transaction by analyzing their entire historical transaction record.
Refunds-as-a-Service from TodayPay
When a consumer goes online to download a shipping label for a return, TodayPay suggests an instant refund if those funds are placed in a TodayPay wallet.
OpenWallet Foundation and EMVCo Alliance
Among the applications the companies might pursue for OWF digital wallets include secure remote commerce, payment tokens to protect primary account numbers and 3-D Secure.
