Worldcoin Rebrands and Announces Biometric Identification Strategy
Worldcoin, the blockchain identity verification company created by OpenAI co-founder Sam Altman, announced its updated biometric authentication devices that utilize optical scanning. The company’s Orb device, powered by Nvidia hardware, is reported to be five times more powerful than its earlier iteration. The new Orb will also be smaller, more efficient, and require fewer parts. […]
Managing Merchant Risk in a Complex Payments Ecosystem
Financial businesses that facilitate payment transactions—such as acquiring banks, payment facilitators (payfacs), and independent sales organizations (ISOs)—face a difficult balancing act in managing merchant risk that grows more precarious as a company scales. On one end, a business wants to employ rigorous underwriting and other strong fraud prevention methods to preserve card network relationships and […]