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Social KYC: far easier than passports and utility bills

Chris Skinner

I just received a white paper about Social KYC from Fintech startup Veridu. The idea is to use our social media profiles to authenticate and onboard as a new 21st century KYC process.

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Facebook Quietly Launched Photo-Sharing App In China This Year

PYMNTS

Since 2009, Facebook has been blocked on all computers operating in China. This has paved the way for social media such as WeChat, QQ and Weibo to gain speed in the race to the top. In late 2015, there was a small window of hope for the social media giant to engage with China. billion people.

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Facebook Plans ‘GlobalCoin’ Digital Payment Push

PYMNTS

According to the report , the social media giant is looking to begin testing its own cryptocurrency, “which has been referred to internally as GlobalCoin, by the end of this year.” Indeed, a decade ago this month, in May of 2009, Facebook launched the alpha version of Facebook Credits. Facebook Payments Push.

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Keep Knocking, Facebook: China Might Let You In

PYMNTS

By many standards, Facebook is the undisputed king of social media with its 1.8 In an attempt to continue its momentum, the social media giant has faced an uphill battle against one of the largest countries in the world, China. Since 2009, Facebook has been blocked on all computers operating in China.

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Revolve Rides The Power Of Influencers All The Way To An IPO

PYMNTS

The part of its business — and the use of its proprietary technology — the firm is most known for is in how it leverages its army of more than 2,500 social media influencers who drive the firm’s marketing efforts. “We

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The 2018 Bling Ring’s Commerce Challenge

PYMNTS

The original Bling Ring was a group of mostly of young women from upper-middle class California suburbs who between October of 2008 and August of 2009 collectively stole more than $3 million in jewelry and high-end designer goods from people like Paris Hilton, Lindsay Lohan, Rachel Bilson and Megan Fox, among others. The Instagram Problem.

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NEW REPORT: Crowded Crowdfunding And The Rise Of Social Fundraising Fatigue

PYMNTS

Hatton started FundRazr in 2009, with a mission to use the power and popularity of social media to help non-profit community groups like athletic teams and school clubs raise money and collect dues. To download the February edition of the PYMNTS Payments Powering Platforms Tracker™ , click the button below.