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Daily Tearsheet: Sephora to go contactless at POS, ID verification and biometrics , and Visa’s Creator Program

  • Today on Tearsheet, we look at digital ID verification and biometrics' evolving role.
  • Also, cosmetics retailer Sephora is making moves to modernize its payments.
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Daily Tearsheet: Sephora to go contactless at POS,  ID verification and biometrics , and Visa’s Creator Program

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QuickTake: Sephora to go contactless at POS with FreedomPay

Global cosmetic retail giant Sephora is going contactless at point-of-sale across its 500+ stores in the Americas. Powered by FreedomPay, a white-label e-commerce technology supplier, the brand is creating customizable and tailored experiences at the checkout counter.

Following the integration, Sephora customers will have a variety of contactless payment options through digital wallets like Apple Pay, Google Pay, and Samsung Pay. FreedomPay’s technology also offers flexibility and optionality for enterprises operating across borders.

Read more

The Identity Proofing Guide: The digital ID verification landscape and why biometrics are crucial

Tearsheet Studios worked with consulting firm Ulysses Partners to create a four-part series on identity proofing and the importance of user experience in its emerging landscape. 

Our guests in this session are David Milligan, managing partner at Ulysses Partners, and Graham Seel, strategic advisor to community banks and credit unions.

This session consists of a fireside chat about the current biometrics and verification landscape, the concept of data sharing consortia, and how different geographies around the world, from the US to India, are tackling the need to prove and verify identities.

Read/listen/watch more

The latest briefing

Bankchain Briefing: What Visa’s Creator Program says about its interest in NFTs

Visa is going deeper into NFTs. The card giant recently launched the Visa Creator Program, a one-year program that brings together a global cohort of creators and entrepreneurs involved in digital art, music, fashion, and film, who are interested in engaging with NFTs and blockchain technology. 

Visa has developed the program in collaboration with former Major League Baseball player-turned NFT artist, Micah Johnson. It’s geared towards entrepreneurs who want to incorporate NFTs into their business model, whether they’ve just minted their first NFT or have several drops under their belt.

Read more (exclusive to Outlier members)

Just look at the charts

1. How much revenue Big Tech makes per minute

SourceGerson Rolim

2. NFT use cases 2022, Q1 edition

SourceLili

Today’s stories

America’s largest bank reports a 42% drop in net income
Wall Street’s biggest banks prospered during the pandemic but JPMorgan’s first-quarter results suggest disappointment is in store for investors hoping higher US interest rates can keep the good times going (Financial Times)

Affirm and Poshmark bring payment flexibility for shoppers
Affirm, the payment network, and Poshmark, a social marketplace for new and secondhand styles, announced a 2-year extension and expansion of their partnership (Crowdfund Insider)

Stripe commits to fostering carbon removal companies
Stripe is teaming up with Alphabet, Meta, Shopify, and McKinsey to commit $925 million to spur the nascent carbon removal sector (Finextra)

Partnership in the pipeline for 13 NFL teams with Socios
Thirteen National Football League teams will be announcing their partnerships with fan token platform Socios, following the New England Patriots into the uncharted territory of NFL crypto deals (CoinDesk)

Here’s why Fast met with disaster
Fast, which offered one-click-checkout software to online merchants, collapsed last week — CEO Domm Holland says the main reason he shuttered the firm was hiring too many too quickly (Business Insider)

Atlanta’s Capital on Tap secures a $200 million funding facility
Small business lender Capital on Tap has bagged a $200m funding facility from HSBC and Värde Partners as it eyes a US growth spurt (City A.M.)

Brex makes a big push into software through Brex Empower 
Brex, the company reimagining finance for growing businesses, announced Brex Empower, a new software platform designed to increase the speed of businesses by enabling a culture of trust and financial discipline (Finextra)

Sina Estavi asking the same investors to trust him again?
Sina Estavi, best known for buying the NFT of Jack Dorsey’s first-ever tweet, is attempting a comeback after two failed cryptocurrency ventures and nine months in prison (CoinDesk)

Stay ahead of the game with Outlier — Tearsheet’s exclusive members-only content program and join the leading financial services and fintech innovators reading us every day.

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