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Even more challenging is verifying the age of younger kids, as many children typically do not have established bank accounts, credit or government-issued IDs to confirm their identity. Additionally, while there are no outright bans on collecting biometric data from children, the framework of privacy laws and regulations creates a highly complex environment for businesses. These laws require companies to navigate through numerous strict conditions and compliance measures if they choose to use biometric methods for age verification.
Another challenge recently cited by Gartner includes online platforms requiring parental consent, as many vendors that provide identity and access management solutions do not have fully formed functions to obtain parental consent. Faced with these verification complexities, it’s clear that both legislative and technological advancements are essential in protecting our minors.

From: Protecting minors and businesses – age verification for online safety | Biometric Update.

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Lowe’s is preparing to bring its Apple Vision Pro-powered kitchen design experience to its brick-and-mortar stores.

Initially launched in February for the Apple Vision Pro, which is the tech company’s mixed-reality headset, the Lowe’s Style Studio app lets viewers explore kitchen projects and design a kitchen while immersed in a virtual 3D environment, the home improvement retailer said in a Monday (June 3) press release.

In its upcoming pilot program, Lowe’s will offer this experience in stores and with the assistance of a store associate, according to the release.

From: Lowe’s Launches In-Store Mixed-Reality Experience.

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David Birch and Victoria Richardson’s Money in the Metaverse dives into the heart of the monetary system underpinning the metaverse, exploring its potential impact on business and commerce. The book unpacks complex concepts like digital assets, online identities, and spatial computing, making them understandable for both tech enthusiasts and those new to the virtual world.

One of the book’s strengths is its clear structure. Birch and Richardson establish a foundational understanding of the metaverse, then delve into the various digital assets that will fuel its economy. They create a taxonomy – a system for classifying these assets – which provides a framework for comprehending the diverse virtual goods users will encounter. This includes everything from avatar clothing to virtual land ownership.

The concept of online identity takes center stage as well. The authors propose a “tried-and-tested model” for navigating this new landscape. Understanding how we represent ourselves virtually and the security considerations involved is crucial for safe and successful participation in the metaverse.

The book shines in its exploration of the real-world business opportunities presented by the metaverse. Birch and Richardson outline how companies can leverage virtual spaces for marketing, sales, and even creating entirely new revenue streams. They don’t shy away from the challenges, however, acknowledging issues like data security and regulation that need to be addressed.

From: (4) The Money Book Circle series – Q2 2024 edition.

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Tokyo, June 3, 2024, Dai Nippon Printing Co., Ltd. (DNP) and MUFG Bank, Ltd. (MUFG Bank) are partnering to develop systems to enable the use of Verifiable Credentials (VCs)1, and digital certificates. Other participating companies and organizations include, Australian Payments Plus, which provide the ID platform ConnectID3 that realizes secure and easy data distribution, National Australia Bank (NAB) and Commonwealth Bank of Australia (CBA), which provide ID data for ConnectID, along with Meeco,4 Australia’s leading provider of decentralized identity technology.

From: DNP and MUFG Aiming to Commercialize Digital IDs | DNP Group.

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Michael says he was lucky that he lost the password years ago because, otherwise, he would have sold off the bitcoin when it was worth $40,000 a coin and missed out on a greater fortune.

From: How Researchers Cracked an 11-Year-Old Password to a $3 Million Crypto Wallet | WIRED.

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The RoboForm program unwisely tied the random passwords it generated to the date and time on the user’s computer—it determined the computer’s date and time, and then generated passwords that were predictable. If you knew the date and time and other parameters, you could compute any password that would have been generated on a certain date and time in the past.

From: How Researchers Cracked an 11-Year-Old Password to a $3 Million Crypto Wallet | WIRED.

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Curve’s one-to-many card routing (allowed in EEA) allows similar functionality to Visa’s new Flexible credentials. Where Curve operates under the existing transaction mechanics, Visa’s Flex credential enables retrieval of the underlying card. It allows each Issuer to approve the “wrapping” entity or wallet just as they do under staged digital wallet rules. Both Visa VTS and MA MDES allow issuers to approve “wallets” and provision payment tokens. There are no US exceptions to this process.

From: ApplePay gets iOS Competition – Curve | Noyes Payments Blog.

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The database contained sensitive information on 560 million users, including payment data, but also containing people’s names, postal addresses, email addresses, phone numbers, ticket sales and event details, order information, and even partial payment card data, for sale. The partial payment card data includes cardholder names, the last four digits of the cards, expiration dates, and some customer fraud details.

From: Ticketmaster breached — data of over 500 million users allegedly put up for sale online | TechRadar.

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Yale SOM’s Balázs Kovács used ChatGPT to write a series of Yelp-style reviews, as well as collecting real reviews from the site, and then asked human subjects to decide which was the real thing. They were more convinced of the authenticity of the AI-written reviews.

From: AI Can Write a More Believable Restaurant Review Than a Human Can | Yale Insights.

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In an interview with PYMNTS following the retailer’s launch of gamified marketplace Walmart Realm, Justin Breton, the company’s director of brand experiences and strategic partnerships, discussed this demand for more engaging online buying options.

“Steeped in data, we followed these three trends: customers enjoy brands they shop with more when they have unique virtual experiences; customers want to be entertained while shopping; [and] customers enjoy and are inspired by virtual games where they can immediately purchase items they discover,” Breton said.

A share of shoppers is voicing demand for more immersive purchasing experiences.

From: Walmart Exec Details Immersive Experiences In Digital ‘Realm’.

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