On Identity, Trust and Fraud: In The News

ETA Transaction Trends: The Payments Security Revolution

Posted by Sunil Madhu on Aug 15, 2016 10:41:25 AM

Socure CEO Sunil Madhu predicts where the Payments Industry is going from a security perspective in this guest article for ETA Transaction Trends. The Electronic Transactions Association (ETA) is the trade association for the payments industry. In the article, Sunil explores how the forces of EMV, IoT, and mobile elicit revision of the trade-offs between usability, privacy and security.

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Topics: Article, Trends

FinTech’s Digital Identity Crisis

Posted by PYMNTS on Jun 14, 2016 10:36:00 AM

Karen Webster and Socure’s Ken Allen hosted a digital discussion recently about how the payments and financial service providers should manage the digital identity crisis facing them and reliably authenticate consumers. One framework and 4 pillars later, they offered an approach that might help the ecosystem reconnect with its authentication ego-id-superego.

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Topics: Article, ID+, Financial Inclusion

A Layered Approach To Consumer Authentication

Posted by PYMNTS on Jun 7, 2016 9:00:00 AM

The smartest organizations are taking a layered approach to consumer decisioning,  by separating identity verification from credit determination. Big Data enables them to blend intelligence with conventional offline data for hyper-informed decisions, in a way that doesn’t cut corners on the best security practices. (PODCAST) 

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Topics: Article, ID+, Financial Inclusion

Why Credit Isn’t Working For Financial Inclusion

Posted by PYMNTS on May 10, 2016 10:27:00 AM

Acquiring that financial health means financial institutions are able to not only know, but accurately identify, their customers.

But for many financial institutions, the use of credit as a determining factor on whether to provide access to banking products or not transforms the decision from one based on identity to one based on credit – a choice that can subsequently lock millions out of the financial world.

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Topics: Article, ID+, Financial Inclusion

The Two Faces Of Digital Identity Authentication

Posted by PYMNTS on Apr 20, 2016 9:04:57 AM

There are two primary concerns in the payments industry’s quest to achieve effective security and fraud protection: businesses’ own data, and the digital identity of consumers. Sunil Madhu, Founder and CEO of Socure, discusses with MPD CEO Karen Webster a methodology that can address both of those factors with equal effectiveness.
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Topics: Article

Using Social Biometrics To Fight Fraud

Posted by PYMNTS on Jan 21, 2016 9:00:00 AM
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Topics: Article

The Payments World Really Wants To Know Who You Are

Posted by TechCrunch on Oct 11, 2015 7:00:00 AM

ARTICLE

In the early 1960s, Scottish engineer James Goodfellow was given a problem to solve. A colleague had invented a way to insert a card into a machine and get money out. Goodfellow’s task was to figure out a way to ensure that only the card’s legitimate owner could use these new “ATM” machines to obtain cash. So he created the personal identification number, what we call the PIN, the most secure implementation of card access the world had ever seen. Goodfellow was awarded the patent on the PIN and, later, Queen Elizabeth II awarded him the Order of the British Empire.

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Topics: Article

Dominant Theme at Finovate: Authentication Needs Fixing

Posted by American Banker on Sep 17, 2015 5:00:00 PM

If the identity management system is broken, it's not for lack of vendors offering solutions.

ARTICLE

Banks have been on a mission to find the right technology to verify mobile and online customers in a way that is highly secure, yet "frictionless" (quick and painless for the consumer). Many banks have rolled out voice, fingerprint, iris, and facial recognition software during the past year. Time will tell whether any of these prove to be the answer. But solutions are needed more than ever, given the rise of mobile banking and the amount of personally identifiable information that's been stolen or is openly available on the Internet for fraudsters.

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Topics: Perceive, Article

A Fuller Picture for Fraud Detection

Posted by PYMNTS on Jun 3, 2015 8:00:00 AM

Fraudsters are taking advantage of the fact that identity verification, in large part, is stuck in the past, relying on static variables that are easily (mis-) appropriated. With so much information about individuals available online, why aren’t more verification systems utilizing that wealth of data to create a fuller picture of consumers’ behaviors, in order to protect them from fraud?

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Topics: Article

This startup uses your own Internet fingerprints to convince banks you're real

Posted by Socure on Oct 28, 2014 12:00:00 PM

Unfortunately, online criminals don't find it very difficult to invent or steal financial records or social security numbers. But more than 20 years into the Internet era, it's actually really hard to fabricate a person with a track record of doing what real humans do online.

ARTICLE 
Oct 28, 2014, 7:30am EDT UPDATED: Oct 28, 2014, 10:00am EDT

 Socure cofounders CEO Sunil Madhu, (left) and Johnny Ayers, vice president of business development.

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Topics: Article

In The News

Articles & Press Releases

Our team is constantly sharing what we've learned from years of security, financial technology, fraud risk mitigation and identity verification.  Here, we have included some stories of interest we wrote, or were quoted or mentioned in. 

You'll also find press releases detailing our recent product launches, new additions to  our fast-growing team, as well as corporate and funding news.  

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