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Why Real-Time Payments Need Real-Time Trust

PYMNTS

One way around that — and to help pave the way for even more digital payments, especially in the B2B world , where paper still has a commanding role — is to offer reassurances, which often boil down to authentication and verification, and doing so in real time. In short, the technology provides evidence of good funds to support a transaction.

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Using Online, Social Data To Make ‘Thin Files’ Thick

PYMNTS

In the company’s research, three data sets were constructed to test the veracity of online and social media data as a means of authentication: Real Data — The control group, consisting of 10,000 real U.S. consumers who were identified using names, addresses, phone numbers and dates of birth (DOB).

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The Big Tech Canary In The Faster Payments Coal Mine

PYMNTS

A payment is the embodiment of good funds to an authenticated buyer and supplier, along with the detailed data that travels with it. But as longtime readers of PYMNTS and of my columns know well, faster is only one piece of the overall value of making or receiving a payment.