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However, that doesn’t mean the pursuit of companionship should be even more dangerous by the addition of online fraud.——————————– Latest Insights: The August 2019 Payments And The Platform Economy Playbook, aims to help platform payments decision-makers identify and manage the risks and rewards inherent in optimizing their operations and navigating real-time challenges.
“There is a huge trend toward biometric authentication” in all types of industries, he noted.
Jumio relies on its artificial intelligence (AI) and machine learning technologies, and its experience with analyzing more than 150 million documents to verify that submitted IDs are legitimate.
Furthermore, it has human experts ready to review any borderline cases, with the results fed back into the system so the process can get better, Hochrieser said.
In a new PYMNTS interview, he discussed the fraud-related dangers and costs that stem from online dating, and how stopping that crime relates to fraud defenses in such areas as online gambling and sales of e Cigarettes.
In his view, providing better authentication for online dating sites — perhaps, in most cases, higher-end sites or those geared toward specific consumer segments — will see more demand in 2019, as more site operators and users come to understand the fraud-related risks of that digital activity.