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Authentication & Identification

D&B Australia in Partnership with ID Verification Provider Edentiti

Dun & Bradstreet (D&B), Australia announced a strategic partnership with identity verification services provider and developer of the greenID product, Edentiti. Identity verification plays a critical role in meeting anti-money laundering regulations, as well as preventing identity and payment fraud.  Identity fraud is estimated to cost the Australian economy in excess of $1 billion annually[i].  The partnership will complement and ... Read More »

ID Verification: Introduction to Canadian Based Trulioo

Trulioo describes itself a leading global ID verification company providing advanced analytics based on traditional information such as public records, credit files and government data as well as alternative sources including social login providers, ad networks, mobile applications, e-commerce websites and social networks. Trulioo specializes in scoring online identities as authentic, machine generated or fraudulent with our identity bureau covering ... Read More »

LifeLock Acquires Mobile Wallet Innovator Lemon, Inc.

Leverages Lemon Technology to Launch Free LifeLock Wallet™ App LifeLock, Inc. (NYSE: LOCK) announced the acquisition of mobile wallet innovator Lemon for approximately $42.6 million in cash.  In addition, in connection with the transaction, LifeLock has agreed to issue equity customary for a transaction of this size that will vest over the next three years. In conjunction with the acquisition, LifeLock also ... Read More »

Fraud Predictions for 2014: Beware of Card Not Present Transactions

According to FICO 2013 was the year of the mass retailer data compromise for many in the in the payment card fraud space.  With the year coming to a close, FICO wonders what next year’s fraud targets will be.  Data breaches and cyber attacks on social networking and bargain shopper websites have delivered a few unpleasant surprises in recent history ... Read More »

Veda Appointed as Authorized Provider for the Australian Government’s Document Verification Service

Veda, Australia’s leading provider of electronic identity verification services is pleased to announce that it has secured authorized access to the Document Verification Service (DVS), an Australian Government service verifying key Government issued documents. Documents verified by the DVS include driver’s license; Medicare cards; passports, visas and citizenship certificates. Use of the DVS through Veda is available to any organization ... Read More »

Veda Launches Knowledge Based Authentication to Help Fight Fraud

Veda Group Limited (Veda) has launched Knowledge Based Authentication (KBA), the latest feature to their renowned IDMatrix electronic identity verification service.   With Australians losing an estimated $1.4 billion to personal fraud each year, Veda’s KBA feature, designed to fight fraud, was well received by the credit industry at Veda’s launch event in Sydney last week. Identity crime is one of ... Read More »

Kroll Factual Data Integration Into Mortgage Builder Software to Help Lenders Comply with Fannie Mae Loan Quality Initiative

Kroll Factual Data, Inc. and Mortgage Builder Software, Inc., an industry-leading provider of loan origination and loan servicing software systems, announced today the release of Kroll Factual Data’s Loan Review Report™ (LRR) into Mortgage Builder systems.  LRR, a product specifically designed to help clients comply with Fannie Mae’s Loan Quality Initiative (LQI), is available to Mortgage Builder users without ever having to leave the ... Read More »

TransUnion to Save TLO from Bankruptcy in a Bid to Acquire TLO for $105 Million

TLO LLC announced that it has reached an agreement in principle with TransUnion pursuant to which TransUnion will serve as the “stalking horse bidder” in conjunction with a court-supervised sales process to maximize value for the Company. TLO filed a motion seeking authorization from the United States Bankruptcy Court for the Southern District of Florida in West Palm Beach (the ... Read More »

Equifax and iovation Work Together to Create a World-Class Fraud Prevention Portfolio

Joint Offering Includes Remote Identity Proofing, Strong Authentication and Device Reputation Analysis Equifax Inc. has announced that it is working with iovation, the only provider of device reputation, to offer a combined solution to combat fraud.  This joint offering helps protect online and mobile customer access from identity theft, account takeover and other fraudulent activity. Equifax will combine its Identity ... Read More »

Experian to Acquire Device Identification Leader 41st Parameter for US$324 million

Experian announced it has signed a definitive agreement to acquire 41st Parameter, the market leader in device identification technology for web fraud detection.   41st Parameter’s industry-leading solutions have been adopted by the world’s leading financial institutions, eCommerce merchants and online travel businesses.  41st Parameter’s patented device identification technology strengthens Experian’s global web fraud detection and identity authentication capabilities. Experian’s fraud ... Read More »

Experian Strengthens Global Identity Verification with New International Data Sources

Experian® UK announced that it has extended its international coverage for identity verification, adding comprehensive and reliable customer data from Denmark and the Netherlands to its global ID verification platform, Prove-ID. Danish CPR information (personal tax numbers) has been added to the Prove-ID platform as well as name, address and DOB validation for 100 per cent of the population. Data ... Read More »

Altegrity: USIS | LABAT awarded records management contract by the U.S. Government Printing Office

USIS | LABAT a leading provider of secure information management services, has been awarded a Multiple Award Task Order Contract (MATOC) by the U.S. Government Printing Office (GPO).  With this contract, government agencies nationwide gain access to records management solutions from USIS | LABAT, including digitization services, document storage, distribution, document conversion, electronic document storage and digital asset management. About ... Read More »

Authentication: Eliminating Fictitious Identities

The key message from FICO Bankinganalyticsblog was that one should not believe everything that one sees online.  Organizations need to do more to improve their on-boarding or customer authentication protocols to prevent fictitious identities being booked.   While the fabrication of fictitious identities seem to have been a bit of “harmless” devilment, the potential threats are very real. Recently Twitter took the ... Read More »

Alibaba in Deal with Melbourne IT

Alibaba has appointed Melbourne IT as a reseller.  The agreement lets Melbourne IT expand the range of online services it offers to its small and medium business customer base in Australia and New Zealand. Melbourne IT provides domain names, web sites, email marketing and search engine optimisation. Theo Hnarakis, Melbourne IT CEO, says the Alibaba.com service will add to the ... Read More »